Word: transition
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Dates: during 1950-1959
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...requests, announced that he would "save the city from the catastrophic mismanagement of its own officials." Nub of Dewey's own program: let the city collect an additional $50 million in real-estate taxes, on condition that the city agree to set up an autonomous five-man transit authority (two members to be appointed by Dewey) to operate the city-owned subways and surface lines on a self-sustaining basis (i.e., increase the subway fare...
...borrowing authority as well as its taxing authority, Impellitteri had to choose between 1) uncomfortable economies, and 2) the Dewey plan. Weighing the political liabilities of both courses, he chose the Dewey plan: his $1,528,812,795 budget for 1953-54, presented last week, provides for a transit authority. After all, if the transit authority raises the subway fare, Impellitteri can put the blame on Dewey...
...Boston Carmen's Union and the Metropolitan Transit Authority yesterday accepted John Dunlop, professor of Economics, as neutral arbitrator. The two groups are currently involved in a dispute over wages...
Charles Green is a New York appliance wholesaler with a talent for proxy fights. In his first fight in 1949, he won control of Minneapolis' & St. Paul's Twin City Rapid Transit Co. with the help of such people as Nightclub Proprietor Isadore Blumenfeld (alias Kid Cann), a wealthy Minneapolis hoodlum with a record of 30 arrests. Later, Green squabbled with his associates and sold out his stock in Minneapolis Transit at an estimated $100,000 profit. In 1951 Green went after the management of United Cigar-Whelan Stores because they had not been paying dividends, succeeded...
Twenty-seven year old Harry Elkins Widener was always worried about what he would give to Harvard. A young book collector and heir to transit-car millions, he could not, however, compete with J. P. Morgan for the rarer editions at auctions. Before he left for Europe in the spring of 1912, he considered either establishing a bibliography chair at Harvard, or giving the University a fireproof library...