Word: jessop
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Dates: during 1950-1959
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...Victoria P. Coffey and William J. E. Jessop followed the histories of 1,326 women at three Dublin hospitals, half of whom had Asian flu while pregnant. Of 663 flu victims, 639 had normal babies while 24 had malformed children. Among an equal number of women who escaped flu, 653 had normal babies and only ten lad malformed children. There was no notable difference in the number of still or premature births. The malformations, concentrated among the women who had had flu in the first three months of pregnancy, were mainly in the central nervous system and included a disproportionate...
...their own time, Jessop's managers and workers alike pitched in for a year to lug away junk, paint cranes, repair roads, whitewash walls, mend roofs, hang office draperies-all led by Rackley in person. Only once did a tired worker complain, calling Rackley a phony. Equally tired, Rackley promptly punched the dissident in the nose. In admiration for his hard work and leadership, employees gave Rackley a $2,000 kitchen for his home last year, gather there for parties with the boss...
...family, Frank Rackley slowly amassed community support that helped swing a $1,000,000 Reconstruction Finance Corp. loan in 1950. With the loan for working capital, Rackley was in business. He became one of the youngest steel presidents in the industry. With heavy Korean-war orders to help, Jessop Steel netted $400,000 in 1951, $1,800,000 in 1952. Though earnings fell to $25,000 in 1954, Jessop came back handily through the rest of the post-Korean years. "We didn't take our foot off the pedal," says Rackley. "We kept right on going uphill...
Last year Jessop Steel netted a hefty $1,500,000. It has a new Canadian subsidiary, a new Detroit plant, new modern equipment, 1,300 employees. Its sales last year climbed above the $25 million mark. The 1950 RFC loan was retired in 16 months; a subsequent $1,000,000 loan from the Bank of New York was paid off in full last month, and Jessop now is debt-free...
Dovetail. Green River, which makes semifinished steel, neatly dovetails with Jessop's finishing plant. Last week, aswarm with plans for his new acquisition, which he will operate as a separate company, Frank Rackley was sure that by putting $3,500,000 into Green River's new plant that failed, his old plant that succeeded can make Green River start earning at least $2,000,000 a year after the new facilities are in operation. "The foundation is there," said he, "to make Green River one of the finest quality plants in the country...