Word: dayton
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Dates: during 1940-1949
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...down altogether unless it got more paperboard. In Muskegon, Mich., a big Norge Refrigerator plant with 3,400 employes would have to drop 350 within two months unless it got materials. Aluminum Goods Manufacturing Co. at Manitowoc, Wis. had already laid off a fourth of its 2,000 men. Dayton, Ohio faced unemployment of 5,000 if General Motors' Frigidaire plant closed...
When Moss turned up at Dayton's McCook Field with his turbo in 1918, he met the traditional experience of all inventors: the "glassy eye," as he recalls, of skeptical industrialists and Army brass hats. He took them to the top of Pike's Peak, where a 350-h.p. Liberty motor gave only 230 h.p. in the thin air at 14,000 feet. When Moss cut in his supercharger, the motor roared away...
Closemouthed about its new activity, The Air Forces nevertheless let a few hints drop on the scope of the Ferrying Command's job. At Detroit, at Nashville, at Dayton and other points it had set up stations manned by crack engineering crews. Their job was to fit transient bombers with items of equipment (instruments, armament, etc.) not available when they finished their last test flights at the factories. To man the bombers, the Ferrying Command already had around 200 air crews, was reputedly planning to run the total up to 600 before long. For this expansion it was training...
This particular phase of Wall Street's long fray with SEC started in February 1940, when Morgan Stanley agreed to let SEC "impound" the fees due them on a Dayton Power Co. bond issue, until SEC made sure the bankers were no "affiliate" of the utility. At the time, this seemed like a mere formality to Morgan Stanley; they certainly were not affiliated with Dayton Power, the money was just as good as theirs. But it wasn't. Last April (TIME, April 14) SEC (in what Morgan Stanley termed a "fantasy") declared Morgan Stanley was a Dayton Power...
United Corp. and J. P. Morgan. Therefore, said SEC, there was no "arm's-length bargaining" on the bond sale. The impounded money went to Dayton Power, and the bankers got nothing...