Word: girdlers
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Dates: during 1920-1929
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...several shadows thrown before the Republic merger event was last month's (TIME, Nov. 4) resignation of Tom Mercer Girdler from the presidency of Jones & Laughlin, Pittsburgh's great "family" steel company. Last year Jones & Laughlin made Mr. Girdler president, having heard that the Eaton interests were negotiating with him, so that his departure from Jones & Laughlin indicated that Mr. Eaton had some large fish ready to fry. Mr. Girdler, who has spent nearly 30 years in various steel mills, swears vigorously and always keeps his hat on, to be ready for emergency calls...
When in 1914 Tom Mercer Girdler went to work for the Jones & Laughlin Steel Corp. he had reason to be pleased. For famed in Pittsburgh are the Joneses and the Laughlins, controlling the greatest "family" steel company. Hard-swearing, wearing his hat at all times to be ready for emergency mill calls, Mr. Girdler in turn pleased the Joneses and the Laughlins. So well did he please them that when last year they heard outside interests, represented by Cleveland's Cyrus Stephen Eaton, were seeking General Manager Girdler, they made him president of Jones & Laughlin...
Until last week the Joneses and the Laughlins must have thought they had outsmarted Financier Eaton, for as soon as Mr. Girdler was made president he bought a $140,000 home in Sewickley, smart suburb, began to make his name known to other Pittsburgh families than his employers, seemed definitely settled there. But last week he resigned from Tones & Laughlin to be "actively engaged in the development of plans affecting the iron and steel industry." It was evident that the Eaton interests had. won, especially when two days later R. J. Wysor, general manager and assistant to President Girdler, also...
Just what position Mr. Girdler will hold in the Eaton "interests" is as doubtful as what companies Mr. Eaton intends to put in the long-discussed super-steel-merger. Mr. Eaton, working with William Gwinn Mather and Otis & Co., sponsors of Continental Shares, Inc., is supposed to control enough steel companies to enable him to form a single unit that will challenge Bethlehem's position as second biggest U. S. producer. Until plans for this consolidation are completed, it is probable Mr. Girdler will advise the Eaton group on technical matters and stock activity. Chief companies with which...
...Washington, last week, Walter H. Girdler, president of Helium Co., appeared before the Government's new helium committee (Secretaries Adams, Good, Lament) to protest that Government manufacture of helium in competition with private industry is contrary to U. S. policy and precedent, that it threatens harm to commercial aeronautics...