Word: inlanders
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Dates: during 1950-1959
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...well aware of the need for finding new markets for its surplus capacity, which is partly due to a miscalculation; the new plants in many cases have proved capable of turning out more goods than expected. U.S. Steel is still budgeting $665 million this year for further expansion; Inland Steel is going right ahead with its $280 million program. Said Big Steel's Vice President and Comptroller W. A. Walker: "It is not prudent or intelligent of management to halt expansion when things are poor. It is easier to build now. You get more for your money, although prices...
...When Inland decided to build its own headquarters at Dearborn and Monroe Streets, opposite its old offices in a bank building, it set a basic goal. "We are the only major steel company with headquarters in Chicago," said Inland Vice President Leigh Block. "We wanted a building we'd be proud of, one that spelled steel...
Resting on steel piles that extend 85 ft. through mud and clay to bedrock underlying the Loop, Inland's main building rises 19 stories, with thin, stainless steel mullions retaining the 10-ft.-tall green-tinted glass windows. Joined to it is the windowless service core, towering 80 ft. above the main structure, and sheathed in small panels of dull stainless steel. Architecturally, it is as striking as the building it serves. Unlike its street-crowding neighbors, the Inland structure is set back far enough to provide a small plaza...
...Inside, Inland's new building makes widespread use of art-both paintings (the industrial scene by modern artists) and sculpture (stressing the use of steel under tension). "Of course, the most important thing is the sale of steel," said Art Collector Block. "But on the other hand, we believe that painting and sculpture belong in a modern office building to enhance its beauty...
...enhance the lobby, Inland commissioned Richard Lippold (TIME, July 30, 1956) to design a is-ft.-tall construction of stainless steel rods, which is suspended in a delicate network of wires of gold, stainless steel and fire-red enamel. It is set against a block of polished black Belgian marble, and rests in a reflecting pool of water. For the 19th-floor executive suite, U.S. Sculptor Seymour Lipton, winner of the Jockey Club's top acquisition prize at the Sao Paulo Bienal, hammered out a heroic, 7-ft.-tall Hero. There are more than 30 paintings, including a green...