Word: aliquippa
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Dates: during 1936-1936
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...Securities Co. and the other Jones & Laughlin bankers scrupulously pointed out in their prospectus, flood damage amounted to perhaps $1,000,000. But weather played another trick on J. & L. this year. At a tremendous saving over rail-carried fuel, the company barges coal by rivers to Pittsburgh and Aliquippa, site of its other big plant 19 miles away. There was more ice in Pittsburgh's rivers last winter than at any time since 1918. For 33 days no water-borne coal was delivered to the Aliquippa works. Costs were increased so much that the company estimated that operations...
Since the death of the last Jones president in 1926, J. & L. has had no less than four presidents from outside. Most famed was Tom Mercer Girdler, now head of Republic Steel. It was during Mr. Girdler's term that Aliquippa became known to steelmen as the "perfect company town" and to labor agitators as the "Siberia of America." And it was under Mr. Girdler that J. & L.'s profits reached $20,800,000 in 1929. During Depression the company accumulated nearly $18,000,000 worth of deficits. Even under President Samuel E. Hackett, a master salesman...