Word: pullmans
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Labor leaders, who have been loudly charging many a company with double bookkeeping to hide profits, were jolted last week. Chicago's Circuit Court of Appeals ruled that unionists may be sued for libel for such statements. The decision grew out of a squabble between Pullman-Standard Car Manufacturing Co. and a C.I.O. Steelworkers' local. Back in 1943, Pullman had stated in a newspaper ad that its profits, after all expenses, were only 1.81 of a cent on the dollar...
...Pullman, Inc. decided last week that it would like to sell its sleeping-car business to the railroads. Twenty-two of them, under the leadership of square-jawed Fred Gurley, Santa Fe president, have offered to pay approximately...
Ralph Young, who would like to buy the sleepers himself, angrily claimed that sale of the sleepers to the railroads would not break up the sleeping-car monopoly. Interlocking financial interests of the roads with Pullman, Inc., he charged, would form a new monopoly. He also heckled the hidebound railroads for making through passengers change cars at Chicago and other Midwest terminals. At the hearings, he hinted that if he gets the sleepers, he will end this outdated nonsense...
...Pullman, Again. After months of haggling among themselves, the railroads submitted their long-awaited offer to buy the capital stock of the Pullman Co. Acting for all, Santa Fe President Fred G. Gurley offered slightly under $75 million...
...Down. Demand for airline travel October was up 25% to 50% over August, and fares were down below railroad fares with Pullman accommodations. Examples of the new low fares: New York to Cincinnati ($28.20 by plane v. $30.39* by rail); New York to Chicago ($32.85 v. $36.93*); New York to Los Angeles...