Word: jessop
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Last week struggling Green River finally found a groom. Running to the rescue came 56-year-old Jessop Steel, a Washington (Pa.) company which in just eight years has bounced back from a disaster itself...
Weeds & Wages. Jessop's business of high-grade steels for high-speed tools had gone to pieces in World War II, when it concentrated on defense items, e.g., armor plate, failed to recover its peacetime customers. By 1948 Jessop was almost bankrupt. Then in came a new boss. Frank B. Rackley, 33, whose blacksmith father had encouraged him to read and believe Horatio Alger. While working as a $13-a-week office boy in Pittsburgh, Rackley studied metallurgy at night school, was named Western manager for U.S. Steel's stainless and alloy division when still...
When Rackley arrived at Jessop Steel, he found an obsolete, junk-filled plant among tall weeds at the edge of town with a $4,100,000 debt, only $7,000 in the bank and 600 sullen workers demanding $300,000 in back wages...
...Yourself. Calling the workers together on his first day. Rackley made a blunt mill-yard speech. Jessop could survive, said he, if everyone contributed extra work without pay and accepted back pay in company stock. Then he led the workers in prayer. The union local president stood up and said: "The guy makes sense...
...course the voice isn't there when they first come," says Headmaster A. Jessop Price, "but if y.ou put the right boy among the others, he will make a similar kind of noise, parrot fashion." In return for book learning, the singers give more than 500 musical services a year and practice an hour every day. It took five years of negotiations with interested Americans before the two-month tour was settled. Its expenses are guaranteed (by Columbia Artists Management), and any profits will go to U.S. charities...