Word: aec
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Dates: during 1950-1959
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Feet to the Fire. The best support Democrats had for their argument was the testimony of Atomic Energy Commissioner Thomas Murray, the AEC's lone remaining Truman appointee. He told the Joint Committee that some features of the contract did not serve the best interests of the U.S. AEChairman Lewis Strauss decided to negotiate for contract changes which Murray wanted, knowing he needed Murray's approval to take some of the steam out of the Democratic attack...
...AEC's representatives held the Dixon-Yates attorneys' feet to the political fire, and came away with several important concessions. Among them: 1) the U.S. will have the right (e.g., in the event that the Democratic Congress so orders) to "recapture" the Dixon-Yates facilities during the contract's first three years; 2) the company will be limited to (but not assured of) annual earnings of $600,000 (equivalent to a 10.9% return on investment). In return, the Dixon-Yates group won the right to cancel the contract after next Feb. 15 if it fails...
...Tenafly, N.J., has been in the utility business since he became a clerk for the Electric Bond & Share Co. after his graduation from high school in 1922. Among other business connections, he is a vice president of Electric Energy, Inc., which is building a steam plant to supply the AEC's Paducah, Ky., installation. Yates, an engineer (Rutgers '02), worked for five years on two railroad tunnels under New York's East River, since 1911 has spent much of his time in the South. As vice president of Wendell Willkie's Commonwealth & Southern, he helped Willkie...
...shoes, luggage, floor coverings and furniture. Goodyear also makes rubberized asphalt, has gone into the electronics business, and turns out an electronic computer called the "Geda" for the Air Force. And in Pike County, Ohio, Goodyear is slated to run a $1.2 billion gaseous diffusion plant for the AEC...
...vast areas west of Kansas, the Republicans showed a net loss of only one House seat. Two G.O.P. incumbents were defeated-but so was California's Democratic Representative Robert Condon, who last year was refused AEC security clearance to witness an atom test. He lost to Republican John Baldwin Jr., a quiet young (38) lawyer who campaigned almost exclusively on Condon's security-risk record...