Word: alcoa
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Dates: during 1940-1949
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...Government Mr. Jones' alleged connection with certain trusts is referred to. In particular, the editorial stated that he had given special privileges to the Aluminum Company of America, and it referred to his company as one of the "worst monopolies in the United States." The editorial proceeds to accuse ALCOA of refusing to expand its production facilities, thus doing untold damage to the Defense Program...
...fact of the matter is that as long ago as 1938, or somewhat before the war started, ALCOA launched a $200,000,000 expansion program. As part of this program, it planned to build a gigantic plant near the Grand Coulee Dam; it applied to Jesse ones for a loan so that it might build the plant, and to Secretary of the Interior Harold Ickes for a power permit in order to operate it. Mr. Jones was instrumental in the refusal of the loan, and Mr. Ickes saw to it that the power permit, and it requests were granted...
...Alcoa engineers reported that they knew nothing of his discovery except what they had read in the newspapers. Professor Hixson said he had turned his process over to the Government and expected a pilot plant would shortly be erected to substantiate his cost estimates in actual production. It will probably be located near the cheap-power source of the Tennessee Valley. Raw material can be mined in almost anybody's back yard since aluminum, the commonest of all metals, is one of the three principal components of the earth's crust...
Meanwhile the Defense Committee, which also had had its doubts about the Alcoa contract, questioned Alcoa's Vice President Irving W. Wilson, Counsel Oscar R. Ewing, Chief Engineer Thomas D. Jolly in an effort to find something to damn. The Alcoans testified that they construed the contract to give the Government every right the committee thought the Government should have: final word on plant sites and specifications, permission to inspect Alcoa's own plants and cost figures for comparison with the Government-owned operations, etc. To criticisms that the contract set no starting dates, they replied that...
...what price all these post-war markets would add up to 1,100,000,000 Ib. a year, not even Alcoa knew last week...