Word: corps
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Dates: during 1920-1929
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...ritual lecture by saying: "Gentlemen, the meeting is now in your hands. Whom do you want to hear from?" The answer was always the roar: "Charlie!" The judge and all others present knew that the "Charlie" was for Charles Michael Schwab, Chairman of the Board of the Bethlehem Steel Corp. But Judge Gary was dead two months (TIME, Aug. 22). He could not prime the iron & steel men's cheers for "Charlie." There was no need. In Judge Gary's old chair sat Mr. Schwab himself, elected last week President of the American Iron & Steel Institute...
...Institute is a trailer to the late John Pierpont Morgan's decision that competing iron and steel manufacturers cease cut-throat competition. To gain ,that end he persuaded Judge Gary to create the U.S., Steel Corp. The judge fashioned an industrial juggernaut. But the wheels lacked a few spokes. All iron & steel men would not go into the assembly. In 1901 the great machine began to move. Then the whiffletree flew off. "Charlie" Schwab, long the Corporation's first president, resigned in 1903. He, shrewd, hard and forthright, would not swing with the shrewd, hard and subtle Judge...
...that steel prices must be changed. Iron and steel companies have not been making ordinary profits recently. President Eugene Figgord Grace of Bethlehem Steel suggested to the Institute that because producers have done everything they know to reduce manufacturing costs they might have to reduce wages. U. S. Steel Corp. men there opposed any wage lowerings...
...giants of U. S. industry reported the result of nine months' business to their stockholders last week. General Motors Corp. showed net earnings available for dividends and surplus for the third quarter ended Sept. 30, of $64,508,094 and for the full nine months of the year $193,758,302. Swelled by the cessation of Ford production, the revenue is the largest in the corporation's history and very nearly equals its return for the entire twelve months...
International Business Machines Corp. showed an electric tabulating and accounting machine that automatically compiled data from "tabulating" cards. These cards bear holes punched according to an office code to represent various factors necessary for bookkeeping. The holes regulate the action of counters on the machine. Governments use this system (called the Hollerith) in census work...