Word: railroads
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Dates: during 1940-1949
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George's first law case was against a railroad on behalf of a woman who tripped over an umbrella and broke her leg. George filed suit for $40,000. The railroad settled for $10-$5 for the woman, $5 for George. "I was in no mood to dicker," is George's gag line...
Some critics of the bill charged that boom earnings during the war were not a valid measure of a railroad's stability, made it too easy for shaky roads to qualify for refitted stockholders' management. Others pointed out that the bill exempts future transactions in rail securities from ICC and SEC supervision, leaving the field wide open for speculators. All agreed on one point: that the bill would reverse the usual position and give the stockholder a preferred position over the bondholder...
Apparently resigned by poll time last week, Texas picked cool, careful State Railroad Commissioner Beauford Jester, 53, the top middle-of-the-road candidate, as its No 1 Democratic gubernatorial contender. Lawyer Jester had run a "friendship" campaign, refrained from shouting and stomping. The lesser evil for oil-and-cattle-rich voters, he had breezed through without one appearance with a hillbilly band...
...Leif Erickson's selection for the President's railroad fact-finding board gave him national prominence. Last week the only thing that seemed able to stop him from taking over Senator Wheeler's seat in the Soth Congress was the possibility of a coalition of Wheeler Democrats and Republicans in the fall...
Once the idol of labor, he found himself under heavy fire this summer from the C.I.O.-P.A.C. and from the Brotherhood of Railroad Trainmen. His independence and disdain of party lines caused at least one section of his party, the Yellowstone County Democratic Central Committee, to repudiate onetime New Dealer Wheeler as a "party renegade" (though his good friend Harry Truman had tried to give him a hand). The veterans of the war he had tried to ignore campaigned ardently against...