Word: bethlehem
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Dates: during 1930-1939
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...such reception was waiting for the steel and oil codes. The President's own persuasion was used to help wangle the steel code. U.S. Steel's Myron C. Taylor and Bethlehem's Charles M. Schwab spent an hour on the carpet in the White House. They emerged rather grimly, refused so much as a word to newshawks. One determined correspondent took Mr. Taylor's lapel, cried: "You'd better come clean. We're stockholders in your company...
...cash allotment to the Navy from the Public Works Fund, five out of regular annual appropriations. Total expenditures for fiscal 1934 were estimated at $86,000,000. Contracts awarded: To Newport News Shipbuilding & Dry Dock Co.-two 20,000-ton aircraft carriers at $19,000,000 each. To Bethlehem Shipbuilding Corp.-one 10,000-ton cruiser with 8-in. guns at $11,720,000; four 1,850-ton destroyers at $3,896,000 each. To New York Shipbuilding Co. of which Errett Lobban Cord last week bought control (see p. 41)-two 10,000-ton cruisers with 6-in. guns...
...guardsmen to Fayette County to help keep the peace (TIME, Aug. 7). By last week the strike had closed every Frick mine in the county. Other companies were beginning to feel its pinch. Some mines of great Pittsburgh Coal Co. had to shut down. So did others belonging to Bethlehem Steel. Operators were in a panic. As most of them are Republicans, they felt politically stranded without a friend at Democratic court. They knew their old hard-fisted methods of fighting a strike with armed guards would not put their men back to work this time. Therefore the mine guards...
...capacity-a rate which if maintained ought to bring U. S. Steel quickly into a land of milk & honey.* That these figures represented not only the fortunes of U. S. Steel but of a big part of the steel industry was shown two days later when Bethlehem Steel reported its deficit cut from $5,769,000 to $3,312,000 in the last three months...
...Cyrus Eaton's fight against the Bethlehem-Youngstown merger that blasted his fame & fortune. He wanted Youngstown for his own big Republic Steel but the battle was fought in the name of industrial independence for the Midwest. To finance that battle Continental Shares pledged most of its assets for bank loans. The Eaton victory was Pyrrhic. By 1931 slumping stock prices pushed his loans under water and Cleveland bankers ousted him as president in favor of George Taylor Bishop, a semi-retired financier. Cyrus Eaton disappeared from the headlines as completely as if he had died. Last week bushy...