Word: gsa
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...McKay after the White House turned down the nomination of Marvin Nichols, a hydraulics and sewage engineer, and a Texas Democrat. Although he supported Ike in 1952, Nichols also served Harry Truman as nickel adviser to General Services Administrator Jess Larson, was deeply involved in the sticky affairs of GSA's big Nicaro nickel plant in Cuba. After the facts of the Nicaro mess were told in the June issue of FORTUNE, the White House turned thumbs down on Nichols' appointment...
...cuts were mere bookkeeping, e.g., the committee decided that the Government did not have to pay itself $192 million interest on the Civil Service Retirement and Disability Fund. But others were solid, e.g., the committee threw out a General Services Administration request for $188 million to stockpile supplies because GSA still has $457 million left over to spend for that purpose...
...figures were important, not only because the plant belongs to U.S. taxpayers but also because the manner of its reopening last year caused something of a row. Passing over the firm which had run Nicaro during the war, GSA awarded the operating contract to the Nickel Processing Co., mainly because it offered to boost Nicaro's annual output from 25 to 31 million Ibs. But on the August showing, Nickel Processing, now owned 60% by National Lead Co. and 40% by Cuban interests, was producing at the rate of 24 million Ibs. a year-less than the best World...
...Hirsch and four associates signed a contract with the Government's General Services Administration to buy a surplus aircraft plant in Stratford, Conn, that had stood empty since Chance Vought moved to Texas in 1949. After the Korean war began, GSA checked twice with the Munitions Board to make sure the plant would not be needed. The board assured GSA that it did not want the plant; it would be useful only in the event of total mobilization. The price was $2,010,000, and Hirsch and friends paid $85,000 down. When Hirsch heard that Avco Manufacturing Corp...
...when Hirsch and his friends offered their second payment of $320,000, they got a surprise: GSA refused to accept the cash. It announced, instead, that the Government needed the plant after all, and was taking it back through condemnation. And why did the Government need it? For Avco's new engine production, of course. The Air Force had suddenly discovered that altering and equipping the plant at Government expense for Avco would run into millions; it didn't like the idea that when Avco's lease ran out, the plant would revert to Hirsch, improvements...