Word: gair
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Dates: during 1930-1939
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Sirs: Under the caption "Box Troubles" in the "Business and Finance" section of TIME, issued Feb. 3, you printed an article in which a succession of circumstances, beginning with a gathering of members of the Paper Industry at the country home of Mr. George W. Gair, President of the Robert Gair Co., during July of last year and ending with the totally irrelevant acquirement of the Sefton Manufacturing Corp. by the Container Corp. of America, implied that these events indicated an eventual merger of the Robert Gair Co. with the Container Corp. of America. This forecast is the product...
...intention of the Robert Gair Co. to merge with the Container Corp. of America or to participate in the formation of a holding company with this or any other corporation. The bland hints as to the fatalistic attractions of this "splendid couple" are significant of absolutely nothing more than that the old "matchmakers" of Wall Street are again tickling public susceptibilities with romance...
...Robert Gair patented multiple dies for cutting, creasing, folding paper. Last July the biggest U. S. paperboard makers traveled secretly to the home of George Gair, 57, president and general manager of Robert Gair Co., now dominant in the folding-box field. There they discussed means of saving the industry from the effects of overproduction and price-slashing, talked about choosing some Tsar to rule them. Generally favored for this position was Secretary of Labor James John Davis who has studied conditions in the industry and made suggestions that pleased the manufacturers. While to date little has come from this...
Container Corp. Robert Gair Co. is the leading folding-box maker. Container Corp. is dominant in containers, has boxboard mills with a capacity of 1,200 tons per day. Last week Container Corp. absorbed the $5,000,000 Sefton Mfg. Corp., whose products include folding-boxes. Through this deal Container Corp. became a complete unit in the industry, in a position to expand until it becomes "the U. S. Steel of Paperboard companies." Although many more mergers must take place before such a centralization can be effected, paperboard makers hope it will happen, believe that such is the desire...
Eventual climax of such pyramiding would of course be a merger between Container Corp. and Robert Gair Co., which would probably be done through the formation of a holding company to operate the two as "divisions." In this case the competing lines would be meted out and interchanged until the whole industry becomes efficiently specialized, profitmaking...