Word: greenes
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Dates: during 1950-1959
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Charles B. Smith '58 of Lowell House and Avon, Ohio, and Eliot Bernat '60 of Hurlbut and West Newton, Mass., were elected vice-presidents. Earl W .Campbell '58 of Leverett House and Bowling Green, Ohio, was chosen treasurer of the organization...
...When Green River Steel was conceived at the start of the Korean war, it seemed to Kentuckians a bright idea. The Louisville area was loaded with surplus scrap that could be used to make steel. In the awakening Ohio Valley there were plenty of potential customers. With an $8,500,000 loan from the Government and the rest from private sources. Green River's $13 million plant rose near Owensboro, one of the few new U.S. steel companies in decades...
...Green River, hampered by inexperienced management and inadequate equipment, was hard hit by the post-Korea steel dip, ran up an overburdening debt of $16 million. For two years creditors tried to marry off Green River with 20 other companies. Nobody wanted Green River...
Last week struggling Green River finally found a groom. Running to the rescue came 56-year-old Jessop Steel, a Washington (Pa.) company which in just eight years has bounced back from a disaster itself...
Dovetail. Green River, which makes semifinished steel, neatly dovetails with Jessop's finishing plant. Last week, aswarm with plans for his new acquisition, which he will operate as a separate company, Frank Rackley was sure that by putting $3,500,000 into Green River's new plant that failed, his old plant that succeeded can make Green River start earning at least $2,000,000 a year after the new facilities are in operation. "The foundation is there," said he, "to make Green River one of the finest quality plants in the country...