Word: perlman
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...Government or even many of their own officers, the Pennsylvania Railroad and the New York Central-the nation's two biggest railroads-announced that they are considering a merger that would be the biggest corporate marriage ever. Said Pennsy President James M. Symes and Central President Alfred E. Perlman: "Preliminary studies and discussions indicate that substantial benefits to all concerned may result from such a merger...
Peculiar Problems. But despite such impressive foundations, both roads are in serious trouble. Both have been hard hit by rising costs, declining revenues, and the heavy inroads of competition from trucks, airplanes and buses. In addition to competing with "subsidized" forms of transportation, said Symes and Perlman, their roads have suffered from "long delayed and inadequate rate increases, refusal to permit abandoning of unprofitable and unpatronized trains and facilities, inadequate payment for carrying mail, discriminatory excise taxes, excessive state and local taxes, unfair assessments for highway crossings, and other artificial burdens...
Aisner, former counsul and treasurer of the Times-Republican, was opposed by the Harvard delegation including HYRC President Norman William Smith '58 and the Radcliffe delegate, Ellen Fitzpatrick '59. Aisner was supported among others by John R. Thompson '57, Donald P. Hodel '57, Donald Perlman '57, Thomas P. Stalker '58, and the Wellsley delegation...
...first step, as much as $50 million by the time it extends the new system along its entire New York-Chicago main line. In return, the Central will be able to cut its number of tracks in half, save millions on taxes and maintenance. Says President Perlman: "Through electronics, we are now able to control more traffic faster, better and more economically than ever before...
...Erie, Pa. last week, Alfred E. Perlman, president of the New York Central Railroad, ushered in a new symbol of 20th century progress for his venerable old line. Throwing a switch on a signal box (see cut), he formally opened a new 163-mile, electronically regulated stretch of double track between Cleveland and Buffalo. With the new system, the longest in the U.S., only two men seated before a light-studded control panel at Erie can automatically control all traffic between Cleveland and Buffalo...