Word: hanna
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Under Symington's chairmanship, the subcommittee for months had been investigating the Government's stockpiling program under the Eisenhower Administration. Symington has enthusiastically built up charges that Cleveland's giant M. A. Hanna Co. made unconscionable profits out of a stockpiling deal. George Humphrey was Hanna's board chairman before entering the Eisenhower Cabinet; he held onto his thick portfolio of Hanna stock while in public office, and he returned to the company as honorary chairman upon leaving Washington...
Good Deal. The complex details of the disputed Hanna contracts seemed hardly the stuff for sensation. In 1952, with the Korean war dragging on, the U.S. Government needed great quantities of nickel for war production, especially for jet aircraft...
...news conference, Democrat Symington indicated he had far bigger game in sight. He said he might quiz Eisenhower's Treasury Secretary George Humphrey about limited-risk contracts that the Truman Administration signed, just four days before it went out of office, with Hanna Nickel Smelting Co. Humphrey headed the nickel company's parent firm, M.A. Hanna Co., before he joined the Government, and he retained his Hanna stock while Treasury Secretary. All of these facts had been disclosed long ago, but Symington said he wanted to know if Humphrey's companies made unjustified profits...
...mold. One idea is a national advisory body for education. Columbia's Fischer, for example, proposes an organization like the American Red Cross, without federal funds or power, "to pass ammunition to local school boards," but not ''to lay down the law." Education Professor Paul R. Hanna of Stanford Uni versity advocates a national "commission for curriculum research and development" that would guide school boards but also shun fixed standards...
...Moving out of his father's shadow, Gilbert W. Humphrey, 45, president of Cleveland's M. A. Hanna and son of former Secretary of the Treasury George M. Humphrey, announced that Hanna plans to divest itself of operating control of its vast coal, iron ore, and shipping interests to set up as a closed-end investment company. Board chairman of the reorganized firm, which will have assets of $500 million and a liquid working capital of $60 million to spend on diversifying its investments: "Bud" Humphrey...