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...contractors got together, organized Six Companies, Inc. Pooling their resources they submitted a bid to the Interior Department. Last week in Washington, Secretary of the Interior Wilbur awarded the Hoover Dam contract to Six Companies as low bidder. Their price: $48,890,995.50. The U. S. is to supply concrete???20.000 freight cars of it?steel, other materials and machinery which will run the final bill for the dam and power plants up to $165,000,000. Under $5,000,000 bond, Six Companies must finish the job in 1938 or pay a penalty of $3,000 for every...

Author: /time Magazine | Title: CONSERVATION: Damn Big Dam | 3/23/1931 | See Source »

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