Monday, Jun. 07, 1948
Broker Jokers
Once a year, the dignified Bond Club of New York lets off steam--in the faces of the biggest targets it can find--in the Bawl Street Journal, a ribald parody of the Wall Street Journal. In the issue out this week, a loud blast was directed at Outlander (Cleveland) and Banker-Hater Robert R. Young, along with a ribbing cartoon (see cut). Said the Journal: "ICC will give a polite reason for permitting Robert Young to join the New York Central board. Real reason ... is to 'stop those silly ads.'
"'A man is only Young once, thank God,' the ICC thinks."
The antiquated, erratic Long Island Rail Road also came in for some parboiling. It had received permission from ICC, reported the Bawl Streeters, to charge what its service is worth. This "drastic curtailment" of its revenue had forced the Long Island to enter a new field--supplying daily comic features to 482 newspapers. General Manager David E. Smucker was made to say: "The newspapers will have to pay for the funny features which the Long Island has hitherto supplied them without cost. A ... test in the Middle West revealed that 89% of the readers rated the Long Island the nation's leading comic institution."
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