Word: gano
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Dates: during 1940-1949
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...hackles rose. Finally he boiled over, blew his top. His basic point: the U.S. is going to run out of everything. He ran out of aluminum months before Big Ed Stettinius' materials division saw any real problem. He ran out of steel in January, although the President, Economist Gano Dunn and Stettinius were still insisting in February that the U.S. had of plenty of steel. In quick succession Harold Ickes then ran out of electric power, coal, transportation, railroad & shipping, and finally...
...this week. Cheapest, fastest and likeliest method: to add to existing mills, rather than build new ones. Two mills expected to grow much bigger are Bethlehem's 3,200,000-ton Sparrows Point mill near Baltimore and U.S. Steel's Columbia subsidiary in California, both on tidewater. Gano Dunn had figured week before that a 10,000,000-ton "horizontal" expansion would cost $1,250,000,000 and probably require more labor than is available. But this expansion will be directed at specific bottlenecks such as steel plates...
...govern civilian supplies, and who knows that many "civilian" needs are really auxiliary defense needs. He estimated that defense demands on present steel output would leave only 36,000,000 tons for 1942 civilian needs, "and," said he, "you can't even run a depression on that." (Gano Dunn, whose report did not make a deep impression in Washington, figured 67,000,000 tons would be left for civilians, if there were no new expansion...
...Gano Dunn's report did not even hazard a guess at steel needs for 1943 or later. It took the view that Britain (which had to suspend imports of finished steel for two months this spring for lack of ships) would continue to need only 381,000 tons per month from the U.S. It made no mention of another basic argument for greatly increased capacity: the progressive deterioration of older, overstrained mills...
...Gano Dunn's figures were as of April 30. Since then the railroads have drastically increased their estimates of car needs, and equipment builders are howling that they can't get steel. Since then a looming power shortage has caused public powerites to ask for more generators. Since then diversion of tankers to the 2,000,000-ton shipping pool has enforced huge orders for pipelines; the aircraft program has once more been enlarged; a further increase in shipbuilding is projected. Since then Crete has fallen. Puzzled laymen wondered whether Mr. Dunn's next quarterly report would...