Word: horned
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Dates: during 1950-1959
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Appropriately, the first witness was U.S. Steel Corp.'s beet-faced President Benjamin F. Fairless, who had been the first to raise his prices. Adjusting his brown bow tie and his horn-rimmed spectacles, Fairless summed up his story at the start. "There is no mystery about our price increases," he said. "They were made necessary by heavy increases in our costs...
...early months of 1949, in the mid-continent city of Indianapolis, Mrs. Irene Horn, a housewife, felt frightened of the future. She "just had a sort of fear." The fear was so great that she was saving every nickel, buying only bare necessities, and praying for prices to come down. By year's end, Mrs. Horn's fears had vanished. She and her husband had bought a farm in Ohio, and the future looked rosy. As she looked out over her 30 acres, her well-filled bins and fat cattle, she said: "I think things are pretty steady...