Word: colt
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Dates: during 1940-1949
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...prime mystery of World War II is Hartford's famed Colt's Patent Fire Arms Manufacturing Co. Colt, as the biggest of all prewar U.S. gunmakers, had a backlog of $30,000,000 in orders when war came. And stockholders remembered that in 1917 Colt had paid a fantastic $60 cash dividend, later tossing in a 100% stock dividend to boot. But in March 1944, Colt stockholders got another kind of shock. For the first time in 27 years, Colt paid no dividend. On April 20 came shock No. 2. Up to board chairman went Colt...
...Boss Anthony lost no time in letting out the biggest shocker of all: in the first 16 weeks of this year, Colt had managed to lose $1,100,580, had actually been in the red since June 1943. The big question : how could a gunmaker lose money in the greatest war in history...
...Guns. By last week, hard-driving President Anthony had some of the answers. He was hard at work to pull Colt out of its queer hole, if anyone could. Gunman Anthony, born in Shelby, N.C., graduated from North Carolina State College into a job in a machine shop. By the black days of 1932 he was president of Veeder-Root, Inc. (mechanical counting devices) in Hartford, Conn. Veeder-Root was on the downgrade, as were so many firms, and losing money. Anthony managed to stop the skid and make Veeder-Root profitable. He is still board chairman. His strategy...
...Work. But getting out the guns at Colt has long been hamstrung by a 100-year-old handwork tradition. In trying to graft war production of 6,800 guns monthly onto peacetime artisan manufacture of 400 yearly, Colt fell into a fearful production tangle. Typical example: Colt numbered all barrels at the beginning of assembly, as they had always done, and would not test finished guns unless they came up in sequence. Result: when one gun was pulled out because of a faulty part, the whole test line stopped. Quipped one worker: "Production was like a Rube Goldberg cartoon-everyone...
Although Miss Colt is miscast as the Prima Donna who gets her man in "Tosca" but can't in real life, she undoubtedly is the most vital and outstanding personality on the Brattle stage. Because of a tendency to recite her lines in rather a sing-song fashion, she loses much of their meaning and the chance to capitalize on many potential laughs. Of the supporting cast, Richard Hart in the role of the Unknown Gentleman, gives a very satisfactory performance. As the season progresses, a great deal can be expected from Lee Nugent, Allan Tower and Kathryn Cameron...