| |
| | TIME.com: President's President -- Aug. 25, 1947 -- Page 1 (Site not responding. Last check: 2007-10-20) |
 | | The presidency of the $66,800,000 American President Lines, Ltd., which is Government-owned but privately operated, has always been a political plum. |
 | | When onetime Assistant Secretary of State Henry F. Grady resigned as president last April (to become the first U.S. Ambassador to India), he hoped for a break with tradition. |
 | | The U.S. Maritime Commission, which controls 94% of the President Lines' voting stock, thinks that such experience will prove valuable in the management of the $9,200,000 working capital which the company has piled up during its busy postwar operations. |
| www.time.com /time/magazine/article/0,9171,798105,00.html (485 words) |
|