Business & Finance: Tsars

Emil Lederer, a sturdy Bohemian who became a U. S. citizen and has been in the shipping business 40 years, had reason to be proud last week. For the North Atlantic Passenger Conference, to which all North Atlantic lines belong, decided that Mr. Lederer is the man to smooth shipping's troubled waters, made him their "tsar." With power to go through members' books to see that tariffs are being adhered to, he will rule the Conference with the same undisputed power that its captains have at sea. While the choice must be ratified at...

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