Word: cranes
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Dates: during 1960-1969
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...build his giant H. K. Porter Co., Thomas Mellon Evans has taken over some 40 smaller companies, molded them into a widely diversified, tightly run industrial complex (1959 sales: $225,956,904). Last year Evans shoved his way into Chicago's old and ailing Crane Co., the nation's fifth-ranking manufacturer of plumbing fixtures, and started out to put together a plumbing-fixture empire with Crane as a base and Michigan's Briggs Manufacturing Co. as a major part...
While Evans was buying into Briggs, he picked up the facilities of four firms-Chapman Valve Manufacturing Co., National-U.S. Radiator Corp., Swartwout Co. and Pipe Fabricators. When Briggs directors flatly turned down his offer to buy Briggs outright, Evans (through Crane) bought 21% of Briggs's common stock, the largest single block. He was all set to elect at least part of an "independent board" of his own choice, which was likely to be more amenable to his taking over. But the court found that Evans' attempt to take over Briggs may violate antitrust laws, blocked...
Next month FTC pre-hearing conferences begin in Washington. If the FTC proves that Crane's acquisitions are lessening competition, Evans will have to dismantle the plumbing combine he so rapidly built up. Evans answers that American Radiator & Standard Sanitary so dominates the field that it accounted last year for 45% to 50% of all sales in the U.S. "If they want real competition," says Evans, "letting Crane merge with these smaller companies is one way of doing it. Otherwise, it will be a race to see who goes broke first...
...animal among animals, swallowed in nature's hungry womb, nourished with nature's wisdom and delight. Like dye stains through a tissue, the patterns of nature seep through African society. The force of the volcano imbues the man who smokes a pipe. The passion of the wooing crane inflames the maid who imitates its mating dance. The example of the hornbill, a bird that jealously mud-walls its mate in a tree for as long as three months at a stretch, is incorporated in the marriage laws of the jungle tribes...
...Marseillaise and a word from Mayor George Christopher. Returning from a chilly tour of San Francisco Bay aboard a Coast Guard gunboat, he was greeted by nine-year-old Brownie Scout Dara Woods, her bare knees knocking in the cold. Gallantly, the general bent like a great, gawky crane to accept a bouquet of flowers. "Merci,'' he said. "Thank you." And hours later, as he finished a speech at the Civic Auditorium, the visitor was still stirred with emotion. He spread his arms and shouted "Vive Chicago!'' - a temporary geographical lapse that his translator promptly straightened...