SHIPPING: Defeat for Dollar

When Robert Stanley Dollar stumped into the annual meeting of American President Lines Ltd. in San Francisco last week, he had every legal reason to believe that the U.S. Government would give him back the $68 million company that once carried his name. He had fought his case up to the U.S. Supreme Court, had won (TIME, Nov. 27). But Dollar got a surprise. President George L. Killion refused to turn the company over to him.

Killion was only following orders of the Department of Justice, which was out to balk Dollar's court victory. The Maritime Commission had hauled the line...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!