Word: alcoa
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Dates: during 1940-1949
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...would rise a 39-story skyscraper, the Mellon-U.S. Steel building, a $28 million token of faith in Pittsburgh's future. In R. K. Mellon's mind's eye was the vision of a whole new city-a second skyscraper, the $10 million, 30-story Alcoa building rising beside a new $4,000,000 green park, other new office buildings rising on the Triangle's point. It was a vision of a city cleared of drab relics of half a century, cured of its traffic congestions, freed of the pollution of its rivers...
...done, especially when the Mellon himself gets busy and sees that it is done. R. K. Mellon took up his ideas with his colleagues around the Duquesne Club: such men as Pickleman H. J. ("Jack") Heinz II, Edgar Kaufmann of Kaufmann Department Store, U.S. Steel's Ben Fairless, Alcoa's Roy Hunt. Some of them products of a new age, all of them had a conception of the responsibilities of wealth that was far different from the views of the old masters of Pittsburgh. And all of them were conscious of the city's needs...
Some of the examples of control were old stuff. It would surprise few that U.S. aluminum-producing facilities were completely dominated by Alcoa, Reynolds Metals and-Henry Kaiser's Permanente Metals; that the Big Four tobacco companies-American Tobacco, Liggett & Myers, R. J. Reynolds, P. Lorillard-owned 87.8% of all the industry's manufacturing facilities; that Armour and Swift controlled 54.7% of U.S. meat-packing capital assets...
...even Alcoa, which built all three mills at Government order, could have minded Kaiser's getting them. With Permanente and Reynolds now controlling about 50% of U.S. aluminum capacity, there was considerably less force behind the Government's long-standing monopoly charges against Alcoa...
...deal, they charged, violated the anti-trust laws; the department will press its charges against Alcoa. Washington wondered if Justice would now prosecute...