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...years, testified an Agriculture Department investigator, Fellrath had collected $100,000 from Fort Worth's Transit Grain Co. for blending about a million bushels of cheap Canadian wheat, officially graded as "unfit for human consumption," with high-grade U.S. wheat. Transit Grain exported its low-grade wheat at an estimated profit of some $500,000; the U.S. paid part of the bill by making up the difference between the domestic wheat price and that called for under the International Wheat Agreement. In addition, said the Agriculture investigator, Transit Grain paid about $15,000 to two of Fell-rath...

Author: /time Magazine | Title: COMMODITIES: Life in a Grain Elevator | 5/25/1953 | See Source »

...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...

Author: /time Magazine | Title: National Affairs: New York v. New York | 4/20/1953 | See Source »

...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...

Author: /time Magazine | Title: National Affairs: New York v. New York | 4/20/1953 | See Source »

...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...

Author: NO WRITER ATTRIBUTED | Title: Dunlop Will Arbitrate Local Transit Dispute | 4/16/1953 | See Source »

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...

Author: /time Magazine | Title: CORPORATIONS: Battle of the 20th Century | 4/13/1953 | See Source »

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