Word: three-year
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...three-year war against an Interstate Commerce Commission plan to reorganize the Missouri Pacific Railroad, Robert R. Young has lost every battle. Last week it looked as if he might yet win the war. Young has objected to the plan because it would give control of the 10,000-mile MoPac to the bondholders, wipe out the common stockholders, including Young. His Alleghany Corp. holds 49% of MoPac stock and, if stockholders got a voice, might control the road. Last spring, when the U.S. Supreme Court refused to review the case, it looked as if Young was finished...
Last week Interior Secretary Oscar L. Chapman knocked such hopes on the head. He pointed out that any qualified citizen can get a three-year oil and gas lease on public lands at $30 per 40 acres, instead of the $100 and up charged by brokers. Citizens can take up to 2,560 acres in a single lease, up to 15,360 acres in one state. But, added the department, such leases are issued only on lands which are known to be outside of the geological structure of any producing oil or gas field (lands in known fields are sold...
Adolph W. Samborski, director of Intramural Athletics, presented the Straus Trophy to this year's champion Eliot House at dinner Tuesday evening. The Elephant win broke the three-year string of Kirkland, which was second by a scant 22 1/2 points this season...
...encouraged Floyd Odium to consider buying money-losing Kaiser-Frazer Corp.: the advantage of taking over a company's past losses to offset the buying company's excess profits taxes (see Taxes). ACF-Brill, with $25 million in invested-capital tax base and some fat losses (a three-year total of $5,569,583) to its credit, would be a fine tax hedge for Foremost, a growth company now beginning to feel the effects of the excess profits...
Speaking in St. Louis at the Associated Harvard Clubs meeting, Conant said that the "case method" of teaching will be used in the program, which will include only 20 men this year and which will lead to the three-year degree of Doctor of Education...