Word: got
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Dates: during 1930-1939
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Lest they disappear entirely, the WPA Federal Writers' Project last week got out facsimile edition of "Singin' Billy's" song book- just in time for this year's one-day Singing. Armed with fine new copies Southern Harmony, the singers once filled the Court House, yielding to 40 oldsters the honored place in front of rail. To the time-beating of a quavery old leader, everyone joined in the traditional opening number: Brethren, we met to worship, and adore the Lord...
...some $10,000,000 pf sales, Midvale paid stockholders $998,720 (of which Baldwin got $614,500), nearly 7% on Midvale assets. Midvale's 1939 present to Baldwin is sure to be much handsomer; in the first five months of 1939, its backlog boomed more than 140% over last year while the combined backlog of all other Baldwin divisions rose only half as fast. The Navy allows Midvale up to 10% profit on contracts after figuring a generous 10-20% depreciation. This assures not only good profit but is enabling Midvale to keep its capacities modern, efficient...
...gain its end. The figure New Dealers like to quote as a "minimum" of new locomotives needed to modernize the U. S. rolling power plant is 500 new engines a year; at this rate, barely a dent would be made in U. S. locomotive obsolescence. Assuming that Baldwin got what has been its normal 40% share of such a windfall, that its share was all for steam power (though it makes Diesels, too) at $150,000 an engine, its locomotive sales on New Deal account would be $30,000,000 a year...
...down to its old $30,000,000 level (it was in the red last year on total business of $33,000,000). If he does, U. S. Naval expansion should soon increase Baldwin's non-locomotive business enough to put the company in the black. If Baldwin then got another $30,000,000 of locomotive business, and $5-10,000,000 of railroad accessory business, thanks to the Government, it would owe the New Deal a handsome bow indeed. Instead of a $1,032,000 loss (1938) it might one of these years turn up with better than...
Eighteen months ago the trust-busting division of the Department of Justice got its ears pinned back by crusty Federal Judge Ferdinand A. Geiger. When he found out that the Department was quietly discussing a consent decree with big finance companies and automobile manufacturers while a grand jury at Milwaukee was mailing an anti-trust investigation of motormakers' financing relationships, he denounced such shenanigans, summarily discharged the grand jury...