Word: coppers
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Dates: during 1950-1959
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...Steel & Copper. A case in point was a big shipment of silicon steel (vital for electrical equipment) by Boston's Pacific Trading Corp. Pacific Trading's President Shao Ti Hsu calmly told O'Conor's Senate subcommittee that he bought the steel in Belgium and France, shipped it to China via New York. Did Hsu know that it is illegal to export silicon steel from the U.S. to Communist China? Yes, said Hsu, but the Commerce Department had told him that it was O.K. as long as the steel had not originated in the U.S. That...
...most remarkable deal of all involved 4,000,000 Ibs. of copper which went to Red China before the Korean war. It was bought in Japan for shipment to New York. Because of the New York destination, a Japanese export license was easily obtained. In transit, the copper was resold to agents of Red China. Since the shipment originated in Japan, the copper was exempt from U.S. export controls when it passed through New York. Said Jerome Kohlberg,* president of the Kane Import Corp. which bought & sold part of the copper: "We acted in accordance with all Government regulations...
...next by became known as "Oliphant's Folly." Under his direction, a single copper wire conductor was run around the base of the gutter of the main courtyard in Lowell House. Tests showed that Lowell obtained wonderful reception. So did Worcester...
From the gilded rooftop of Lhasa's Potala Palace, heralds blew 14-foot-long copper trumpets. Below, in the building's ornate Assembly Hall, a bright-eyed, 16-year-old boy sat on a high throne, about which clustered Tibet's most powerful lamas, abbots and monks. They had come in the country's hour of peril, with Chinese Communist invaders lodged deep in the Himalayan upland, to witness the coronation of the 14th Dalai Lama, the reincarnated Buddha of Mercy. Hours of prayer and ritual reached a climax when the adolescent god-king accepted...
...different answer from Manly Fleischmann, general counsel of the National Production Authority. Said Fleischmann: if $50 to $60 billion is appropriated for defense for fiscal 1951, the U.S. will be forced by midsummer to establish something like the Controlled Materials Plan of World War II. That would mean controlling copper, steel, aluminum and other strategic materials all the way from production to consumption, and allocating them for specific military and civilian products. If this program should cut down supplies of such consumer goods as autos and refrigerators, Fleischmann added cautiously, "I should think that rationing would have to be considered...