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When Edward O. Boshell, 51, became president of Westinghouse Air Brake two years ago, he found the till full of cash. There was more than $25 million in "excess working capital" on which the company was earning virtually nothing. Boshell decided to spend it to "expand and diversify the company's business as quickly as possible." In short order, he bought: ¶Virginia's Melpar,Inc. (industrial research...

Author: /time Magazine | Title: CORPORATIONS: Repeat Performance | 5/25/1953 | See Source »

Advances in recent years toward a more humane prison system in America have been heartening, but capital punishment, the last remnant of the twist-them-on-the-rack-till-they-break philosophy, still lingers on. Many states have eliminated capital punishment entirely; in Maine, Michigan, Rhode Island, Minnesota, North Dakota, and Wisconsin the heaviest penalty is life imprisonment. But many have not. Some state statute books provide for the death penalty in crimes ranging from train wrecking to rape and arson. Those who defend these laws base their arguments on three basic points; retribution; protection of society; and deterrence...

Author: NO WRITER ATTRIBUTED | Title: Capital Injustice | 5/20/1953 | See Source »

...Dodgers may not need to "wait till next year," but the varsity golf team new might well sound the cry-truthfully...

Author: By Jack Rosenthal, | Title: THE SPORTING SCENE | 5/20/1953 | See Source »

...finished an unsuccessful season, losing all of their major races. The junior varsity rowed well till its last race...

Author: NO WRITER ATTRIBUTED | Title: Brown, Leland Win Awards as 150s Learn of Reynolds' Retirement | 5/19/1953 | See Source »

...their mother. Mrs. Edsel Ford, and sister, Josephine. Edsel Ford died of cancer in 1943; Henry Ford, aging and ailing, lived on till 1947. * The biggest share went to Ford Motor's Secretary James Couzens, later U.S. Senator from Michigan, who got $30 million. The Dodge Brothers, who had taken stock in lieu of payment for some of the engines they supplied Ford, got $25 million, which helped buttress their own famed company. * An act which later cost Ford $9,000,000 to settle Ferguson's patent infringement suit...

Author: /time Magazine | Title: AUTOS: The Rouge & the Black | 5/18/1953 | See Source »

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