Word: hartford
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Dates: during 1940-1949
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...understatement, Harvardians now frankly admit: "We are living for the war." Soldiers Field is a melee of officer training and physical training exertions. Army and Navy specialists, in uniform, number 2,000. President Conant and other professors commute so frequently to Washington that the New York, New Haven & Hartford R.R.'s Senator out of South Station is almost a Harvard Club car. In the last war there were 11,000 Harvardmen: the Alumni Association estimates that this one will draw 25,000. No "talent scouts" have appeared this year, as of old, from big U.S. corporations...
...another sinking ship the gun crew kept blazing away at the sub, shattered the U-boat's periscope before a second torpedo finished off the U.S. vessel. > Somewhere along the Brazilian bulge, a heavily armed Norwegian ship tangled with a U-boat, blew it to bits. > The Hartford Courant reported that marine claims filed against insurance companies for U.S. ships lost since Jan. i were $48,000,000; lost cargo claims were $25,000,000; total $73,000,000. This was $17,000,000 more than the premiums paid, almost completely wiped out all marine-insurance profits...
Last week in the nation's insurance center, Hartford, the big stock companies were keeping their powder dry. Pointing to a 36% reduction in average fire rates during the past 20 years, and untold millions spent for inspection services and education in fire prevention, they insisted that rates are not too high. They admitted that in 1921 they paid out 62.3% of the premiums collected to policyholders for losses, and that during the last ten years the ratio has fallen to between 40 and 50% (which has enabled them to show an average underwriting profit of 6.1%). But they...
...Ferguson still thought his plan was good. He has a little subsidiary (200 employes) called Hartford Electric Steel, which not only makes castings for Navy submarines, but has long been a laboratory of labor relations. When C.I.O. organizers came to Hartford a few years ago, the steel workers asked, and got, a promise of ⅓ of the monthly profits -and the organizers went away. Hartford Electric Steel profit-sharing now amounts to a tidy $40 per month per employe. Last December Sam decided that Hartford Electric Steel was a good place to try the Ferguson post-war wage-cushion plan...
...which Sam Ferguson, 68, implements his faith in progressive private enterprise. A pioneer in low utility rates, power pools, the mercury turbine, many another social and technological change, he is a Yankee individualist who also knows what year it is. Last month he told his stock holders that Hartford Electric Light Co. would have a new policy for the duration : "to increase the amount of earnings to be converted into taxes." That meant fewer reserves, no additions to surplus. But not even unorthodox Sam Ferguson wants to go broke paying taxes and shoring up the post-war world...