Word: harvey
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Dates: during 1950-1959
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...uninitiated who haven't followed the recent and mediocre fortunes of Harvard's crew may look with some askance on the news that Harvey Love has set his heart and soul on finding an engine room. With justifiable skepticism they may ask why a coach who has been training varsity oarsmen for the past four years should turn to engineering and architecture to find a winning crew...
...Harvey had to swim through a sea of trouble to get the okay for his new plant...
...first tried to join the primary producers in 1951, with the help of a $46 million federal loan. But when Columnist Drew Pearson dug up a scandal involving faulty ammunition allegedly made by Harvey in World War II (TIME, Oct. 1, 1951), the Government withdrew the loan, even though the charge was never proved. The Montana plant site and power supply that Harvey had lined up were taken over by Anaconda Aluminum Co., which opened a 60,000-ton plant there last month...
...Government, anxious to increase U.S. aluminum capacity without building the Big Three still bigger, decided to try Harvey again. The General Services Administration gave Harvey a letter of intent, offering the company federal help in building a plant at The Dalles. Harvey went ahead and bought 500 acres for a plant site. Then new trouble boiled up. Harvey had been planning to supply the plant with electric power from the federal Bonneville Power Administration...
Last week Harvey agreed to pay for the lines itself. In return, GSA-agreed to give Harvey financial help with the plant in the form of federal loan guarantees, fast tax write-offs and a Government promise to pay in advance for as much as 155,000 tons of aluminum...