Time Magazine:  December 31, 1945

Pullman Sold
  

   In Philadelphia, a special federal court last week decided who will be permitted to buy Pullman's sleeping-car company.  It's choice: a combine of 52 railroads which already use 96% of Pullman's 7000 cars.  The price: $75,000,000.
    The court agreed with Pullman that the roads should be picked from the four bidders*  because they  "are the natural and obvious people to be in the sleeping car business."  To ward off danger of a new monopoly replacing the old, the court ruled that:  1)  there must be no interlocking directorates among the roads and Pullman;  2)  the Pullman service--and the individual roads--must buy new sleeping cars by competitive bidding.
    In its decision the court flatly rejected the recommendations of the Antitrust Division of the Department of Justice.  The department had argued that the sale to the roads would set up a new monopoly, strongly recommended selling to a group made up of Alleghany Corp.'s Robert Young, Allan Kirby, and Cleveland's Otis & Co.  This group had promised to spend $500,000,000 to spruce up the service.  And Bob Young had talked of coast-to-coast service, with no changes at Chicago. 

* The 52-road combine; the Alleghany-Otis combine; Glore, Forgan & Co.; Standard Steel Spring Co.

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