Word: hanna
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Doubtful Breakthrough. George Humphrey was just the man Washington needed in the years 1953-56. He had turned Cleveland's M. A. Hanna Co. from a money-losing ($2,000,000 a year) mining potpourri into a business giant with holdings worth $25 million. He could be counted upon to administer Treasury as a business-with a public trust-instead of a political plaything. Midwesterner Humphrey was a proud conservative who believed-and went far toward proving- that individual initiative could best thrive with a minimum of Government interference. It was most advisedly that Ike once called Humphrey...
...recognized strong man of the Eisenhower Cabinet. "When George talks," another Cabinet member once said, "we listen." Humphrey has generally been worth listening to. At 67, he has applied to U.S. fiscal policy the same firm, careful hand that he used in bringing Cleveland's M. A. Hanna Co. from a snarled tangle of mining miscellany to a mighty corporation with holdings worth $250 million. As the man who shaped the Eisenhower economic policy, Humphrey is entitled to a full share of the credit for the nation's unprecedented prosperity...
...Parke, Davis & Co.: $5,246,080 ($1.07 a share) v. $4,196,864 (86? a share). ¶ Avco Manufacturing Corp.: $3,119,876 (34? a share) v. $665,300 (7? a share). ¶ M. A. Hanna Co.: $3,118,107 ($1.01 a share) v. $2,743,362 (89? a share). ¶ Ten New York banks reported first quarter earnings above...
Humphrey is in for a lively second term. As a businessman (ex-President of Cleveland's far-flung M. A. Hanna Co.), he stands for a minimum of government control and for taxes low enough to encourage broad investment opportunities and individual initiative. By now he has come to recognize the high stakes and high cost involved in cold war, is willing to postpone tax cuts and settle for a balanced (if bigger) national budget and a fiscal policy that keeps a tight checkrein on inflation. Nonetheless it is plain that Humphrey is not happy with the course...
...plant at Buckhill Bottom, 20 miles from Wheeling, W. Va.; soon afterward it joined forces with Revere Copper & Brass to boost the ante to $304 million. In quick succession the Pennsylvania Railroad spent $4,000,000 building twelve miles of spur track to the plant site, and M. A. Hanna Coal Co. started work on a big new mine to provide coal for Ohio Power Co.'s expanding plant at Cresap, W. Va., which in turn contracted to supply power for the new aluminum works...