Word: bankrupts
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...cash). T.P. & W. hardly seemed a bargain, but it had one big asset: over its 239 miles of track (between Effner, Ind. and Keokuk, Iowa) transcontinental freight can save days by dodging the Chicago terminal bottleneck. McNear got to work and within 45 days the long-bankrupt road was making money. It has made money ever since. Last year it earned a neat $365,000 on $2,775,000 revenue...
...bleak 1942, they have fallen into habits of worrying and bickering. The worker says that the rich (who are going rapidly bankrupt) are nevertheless too rich. The rich men are mostly extremely gallant and polite, but the less gallant of them say that the worker working 50 or more hours a week is a slacker if occasionally he takes...
This war work not only makes use of their recently idle plant & equipment, not only gives them valuable manufacturing experience, not only puts the bankrupt back in business, not only means profits and dividends. It also means that after the war the motor industry will not consist of three huge successful companies and a handful of independents struggling against odds. All the signs point to a motor industry in which the Big Three will have to face the competition of a vigorous brood of independents, wise in know-how and better founded financially than at any time in a decade...
...answers to those problems. Time lags caused by shortages were being cut. For wide sheared-steel plate, now running short, a narrower plate produced in strip mills was substituted. Subcontracting was tackled hard by men like bull-shouldered, 300-lb. Charles E. Moore. A year ago, seizing on the bankrupt Joshua Hendy Iron Works, a dilapidated foundry in the middle of a pear orchard near Sunnyvale, Calif., Moore cleared off 34 acres of trees, put up 300,000 square feet of buildings, began to turn out mighty, two-story high, 271,000-lb., triple-expansion engines for the Liberty ships...
...last week. Milk companies abandoned daily deliveries, began to send their trucks out every other day. Department and grocery stores encouraged patrons to tote their purchases themselves. Black bourses for tires sprang up everywhere, and many an unwary motorist found himself missing a spare. "Do we have to go bankrupt?" wailed tire dealers...