Word: gano
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Among the honorary members chosen was Thomas W. Lament '92, chairman of the executive committee of J. P. Morgan Company. At the same time, the following executives were chosen: President, Seth T. Gano '07, of Boston; Vice-President, Fred N. Robinson '91 of Cambridge; Acting Corresponding Secretary, Reginald H. Phelps '30, instructor in German and Assistant Dean of the College; and, Marshal, Samuel H. Cross '12, professor of Slavic Languages and Literatures...
...most unexpected shortage was steel, since the U.S. owned 45% of the world's steel capacity. In February Engineer Gano Dunn estimated defense steel needs for 1942 (including export) at 18,984,000 tons. Seven months later Donald Nelson estimated the same demand as 35,000,000 tons. Meanwhile steel expansion had been authorized to the extent of 10,000,000 tons. Yet when 600 steelmen came to Washington in November, OPM's Arthur Whiteside estimated their 1942 production at only 82,600,000 tons-200,000 tons less than output in 1941. For by then...
...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...