Word: blotch
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Dates: during 1940-1949
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...ratio) and low rates. Deep in the defense program (serving airplane, TNT, cartridge and ordnance plants), Union spent $20,000,000 on expansion in 1941, will spend another $21,000,000 this year. It has never lost money, in 1937-41 averaged $7,000,000 profits annually. Only blotch on Union: two years ago it was caught buying politicians. Now it has a clean new management headed by ex-Judge J. Wesley McAfee...