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Under Pierre and Alfred P. Sloan, Durant's former assistant, G.M. was put back on its feet, its assets boosted from $605 million to $1.8 billion. But Pierre had not been able to get the exclusive use of Du Font's revolutionary new auto paint, Duco, for G.M. Irénée, then president of Du Pont, insisted on selling it to all comers. At no time, then or since, have Du Pont sales to G.M. exceeded 4.1% of its total annual sales...

Author: /time Magazine | Title: Business: Trial of the Titans | 6/22/1953 | See Source »

...kings, but few in the royal house were steady communicants. Italians recall that the late Queen Elena enjoyed telling ribald stories about priests, and some even insist that Victor Emmanuel III, on one of the infrequent occasions when he attended Mass, got mixed up at the holy water font and seemed to think he must wash his hands there. To be a Communist is, by decree of the Vatican, a mortal sin, but in some Italian towns the best place to find the leading Communists together is at Sunday Mass. And Catholics in politics sometimes sound like old Senator...

Author: /time Magazine | Title: ITALY: Man from the Mountains | 5/25/1953 | See Source »

Also, Dic Neue Zeitung, the American controlled newspaper in Germany, has the readership and general admiration of over 200,000 subscribers. As the font of U. S. expression, it has dignity and great selling value for freedom and is worth its annual bill of 3.1 million. To end either the native or U.S. publications because they sometimes offend McCarthy would weaken German opinion of democracy. Every dictator tries first to stifle the press, and America would earn a title close to "dictator" by withdrawing financial props from publications for exercising free speech within...

Author: NO WRITER ATTRIBUTED | Title: Attack On Freedom | 4/30/1953 | See Source »

Moreover, despite Du Font's desire to boost its sales to G.M., a G.M. subsidiary could cut off its buying from a Du Pont subsidiary. In 1934, G.M.'s Vice President John Pratt wrote G.M.'s New Departure Division that Du Pont had complained because New Departure stopped buying ammonia from Du Font's National Ammonia Co. New Departure wrote back it did not even know National Ammonia belonged to Du Pont, but doubted it would make any difference; their ammonia had been dropped because it had water...

Author: /time Magazine | Title: GOVERNMENT: Other People's Mail | 1/19/1953 | See Source »

...Vice President Pratt had also suggested that General of the Army George C. Marshall should be elected to G.M.'s board on his retirement. G.M.'s Chairman Alfred P. Sloan passed the idea on to Du Font's Chairman Lammot du Pont saying that Marshall (then 65) was probably too old but that he "might do us some good." Lammot du Pont rejected the idea: "My reasons for not favoring [Marshall's] membership on the board are: first, his age; second, his lack of stockholdings; and third, his lack of experience in industrial business affairs...

Author: /time Magazine | Title: GOVERNMENT: Other People's Mail | 1/19/1953 | See Source »

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