Word: building
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Dates: during 1950-1959
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Trieste, says its mayor, has become "a beautiful head without a body or bloodstream." Under the 1954 agreement, almost all the city's Istrian hinterland went to Yugoslavia. The Yugoslavs have worked hard to build up nearby Fiume (now called Rijeka) as a rival port. By keeping labor costs at coolie levels, Rijeka offers shippers rates running 20% to 50% below Trieste's. The nations of the old Austro-Hungarian Empire, for which Trieste used to be the prime port, are mostly Communist now, but even non-Communist Austria has diverted so much of its business to Rijeka...
...Behind him, putting the ideas to work, came Edgar and a group of University of California college friends, including Eugene E. Trefethen Jr., new vice chairman of several Kaiser companies, and D. A. ("Dusty") Rhoades, new president of Kaiser Aluminum & Chemical Corp. When Henry J. won a contract to build the main spillway dam at Bonneville, Ore. in the mid '30s, he turned the job over to Edgar, then 25, and Clay Bedford, a boyhood chum, who is now general manager of Kaiser Aircraft & Electronics. Swift currents and widely varying water levels made the job a tough problem...
When Kaiser went into shipbuilding in World War II, Edgar took over half the operation, Trefethen the other half. Despite skepticism from every quarter, the Kaiser shipyards went on to build more vessels than any other shipbuilder during the war. At the same time, the Kaisers also had their first run-in with the steel industry, when they announced plans to build their Fontana steelworks on the West Coast with an RFC loan. Despite the industry's opposition, Kaiser built the largest steel plant west of the Mississippi (in ingot tonnage), paid off the Government loan 20 years ahead...
...cars. Edgar cut the loss by buying up the assets of Jeep-maker Willys-Overland, now Willys Motors, which last year contributed $6,848,000 in earnings to Kaiser Industries. In 1954 he moved West to take charge of the Kaiser empire, and Henry J. headed for Hawaii to build a new empire there, including his latest enthusiasm: a $350 million resort-residential city on East Oahu...
...equal necessity, however, is a new definition of aims, for unless the program can find a policy to build on there is little chance it can find the unity to oppose further departmental strife and build the Faculty's interest in preserving...