Word: kaiser
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Dates: during 1940-1949
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...shortage in steel threatened to wreck the automaking of Henry J. Kaiser. As a possible hedge against grave trouble, last week he leased two Government-owned aluminum plants near Spokane, Wash., the $47,630,000 Trentwood rolling mill and the $22,270,000 Mead reduction plant. The Kaiser-Frazer-Corp., and Kaiser Cargo, Inc. which did the actual leasing, will pay rentals from $458,000 the first year to $3,915,000 the fifth year...
With aluminum from these plants, Kaiser plans to build bodies for K-F's Kaiser and probably for Graham-Paige's Frazer. Reason: up till last week K-F had no steel. All it had was promises. Graham-Paige was sure of some steel, but not enough both to permit Graham to get into auto production in Willow Run, now estimated for the end of April, and for K-F to build up a backlog of parts it needs for Kaiser production, now fixed for midsummer...
When Joseph Washington Frazer became board chairman of Graham-Paige Motors Corp., he got 45,600 shares of Graham stock for himself as part of the deal. The stock was then selling at $3.62½ a share. Joe Frazer soon changed that. He teamed up with Henry J. Kaiser, leased Willow Run, talked glowingly of Graham-Paige's future with Joe and his Frazer...
...tireless joiner, public speaker and partygoer, Palmer Hoyt gets around like no other Oregonian. He drinks his whiskey and gobbles his vitamin pills with equal gusto. His appetite for civic wheelhorsing has never been sated. He helped bring Henry Kaiser to Portland. As Oregon's first War Bond director, he put the state at the head of the U.S. in sales. His methods became the pattern for the national bond drives. In 1943 Hoyt slaved for six months as OWI's domestic director, fought hard to keep war news flowing free from needless and petty censorship...
...four and a half days, K-F salesmen took more than 8,700 "orders" from enthusiastic customers who gave no deposits, " got no promises as to delivery dates or prices. But if Henry Kaiser stuck to his general price prognostication ($900 to $1,400) K-F had a backlog (if the orders held good) of approximately $11,000,000 from the New York City showing alone. Carried away by all this, Partner Joe Frazer chortled: "We have, I believe, become the fourth largest automobile company in America...