Word: kaiser
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Dates: during 1940-1949
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...Manhattan last week, Automaker Joseph Washington Frazer proudly displayed two shiny new cars. One, in which Joe rode down to the City Hall himself, was the $1,600 Frazer. The other was the slightly cheaper Kaiser Special. Both of them, said Joe Frazer proudly, had been built "on the production line" in the Kaiser-Frazer Corp.'s Willow Run plant. New York was impressed...
...eyes, the drooping facial lines of a world-weary hound, and hair like an aurora borealis. He is Professor Albert Einstein, author of the Theory of Special Relativity, the Unified Field Theory, and a decisive expansion of Max Planck's Quantum Theory, onetime director of Berlin's Kaiser Wilhelm Institute, Professor Emeritus at Princeton's Institute for Advanced Study, onetime Swiss citizen, onetime Enemy No.1 of Hitler's Third Reich, now a U.S. citizen...
Since October, U.S. investors have plunked $53 million into Henry J. Kaiser's automaking enterprise. Last week they learned that they would soon be invited to plunk down $12 million more. The new money would not go directly into the Kaiser-Frazer Corp. It would be used to finance a new company to provide steel for K-F cars...
...deal with Kaiser and Partner Joe Frazer was Cyrus Stephen Eaton, Cleveland financier who helped float the first two K-F stock issues. On May 23 the Portsmouth Steel Corp. was incorporated with Eaton as board chairman. Portsmouth plans to offer 1,025,000 shares of common stock to the public at $10 a share, as soon as its registration statement is made effective by the SEC, and sell another 300,000 shares at the same price to K-F and Graham-Paige Motors Corp. With the cash Portsmouth plans to buy the Wheeling Steel Corp.'s ingot works...
...steel deal, Kaiser hopes to end one of his prime headaches. Once promised steel by U.S. and National Steel, he has had little delivered so far. Fortnight ago he was forced to start shipping steel to Willow Run from his own plant at Fontana, Calif., an expensive procedure. Now he plans to ship only enough from Fontana for 15,000 cars, expects to be getting steel from Portsmouth by the time these are finished. This should give him plenty of time to put the deal through...