Word: irone
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Dates: during 1930-1939
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...problem of raising business ethics to higher standards is a problem of American business in general. Having been connected with other industries, I have been impressed with many of the comparatively higher standards that prevail in the scrap iron industry. Millions of dollars of business have been conducted over the telephone every week without any written contracts, and it is extremely rare in my experience that such obligations have not been filled...
Some confusion is bound to arise from your use of the word "junk," which covers a large number of waste materials, in conjunction with scrap iron. The impression is made that there is a great deal of wealth to be made in the waste industry. The only element of truth that may be taken from such an impression is that the scrap dealer creates national wealth out of waste materials, but not personal wealth. The margin of profit in this industry is small; the knowledge required to preserve even this small margin of profit is a specialized knowledge...
Institute of Scrap Iron & Steel...
...never realized the importance and the extent of the scrap iron industry and the service that it rendered in American business. I have acquired a decided degree of respect for the so-called junk or scrap man as the result of your interesting article, and I sincerely hope that in these days, when businessmen are looking for every encouragement, scrap iron will prove to be the reliable barometer of business prospects in the near future, which I now learn...
...Russia's first railway was built in 1837 under Nicholas I, "The Iron Tsar," to connect St. Petersburg (now Leningrad) with his summer palace at "Tsar's Village" (now "Children's Village") 14 mi. distant...