Word: coals
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Dates: during 1950-1959
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...Senator Harry Truman looked closely at Emerson and "could never find anything wrong with it," as he put it. Impressed with Symington and his performance at Emerson, President Truman summoned him to the White House in mid-1945. "Stu," said Truman, "I want to dump a load of coal on you." He asked Symington to serve as head of the Surplus Property Board (later Surplus Property Administration), charged with setting policies for disposing of some $30 billion worth of Government property left over from the war, ranging from shoe polish, bayonets and bombers, to oil pipelines and complete aluminum plants...
...frustrations, he went to Truman and urged him to wrap policymaking and selling into a single agency. Truman abolished Symington's SPA, set up the War Assets Administration, with Lieut. General E. B. Gregory as boss. To Symington's great relief, he was out from under the coal...
Truman persuaded Symington to stay on in Washington as head of the National Security Resources Board. In April 1951, in the midst of the influence-peddling scandals that rocked the Administration, Truman asked Symington to take one more "load-of-coal" job for him: tidying up the scandal-ridden Reconstruction Finance Corp. Symington opened up RFC records to goldfish-bowl scrutiny by the press, fired employees tangled in the influence-peddling web. It was dreary, thankless work. In early 1952, his cleanup chores done, he resigned and went back to St. Louis, intending to get back into moneymaking...
Risk of Trouble. Poland is in further trouble in its foreign trade. Although sales of coal, the nation's biggest export, have slumped sharply, Poland's imports are soaring. The balance of payments deficit-$142 million last year-rose to $120 million in the first six months of 1959 alone...
Last week a grinning Soviet Deputy Premier Anastas Mikoyan was in Helsinki for the signing of the new fiveyear, $1.5 billion trade pact. Terms: Finland will continue to send icebreakers and papermaking machinery to Russia, in return for Soviet wheat, coal, oil, autos. The Soviet-bloc share of Finnish trade will remain a vital 22%. Asked whether Russo-Finnish relations would be hurt if the Finns should join their British and Scandinavian trading partners in the proposed Western "Outer Seven" bloc, Mikoyan returned a wary answer. "That is a matter for the government of Finland," he said, "which will take...