Word: kaisers
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...urgent call from Washington brought Speaker Joe Martin flying down from Massachusetts in a hurry. Senator Styles Bridges, conducting the opening hearings of his investigation into Kaiser-Frazer's C-119 contract (see BUSINESS), left his gavel with Vermonter Ralph Flanders and rushed off to the White House. President Eisenhower received Martin, Bridges and seven other Republican House and Senate leaders in the Cabinet Room. He had called them together, he explained, to dis cuss a rider which the Senate Appropriations Committee had unexpectedly at tached to the $1.1 billion appropriation for the Departments of State, Justice and Commerce...
When New Hampshire's sharp-tongued Senator Styles Bridges charged last November that the Air Force was paying Kaiser-Frazer $1.2 million apiece for the same C-119 Flying Boxcar that Fairchild Engine and Airplane Corp. made for $260,000, K-F's President Edgar Kaiser cried foul. He took newspaper ads in ten cities to answer the charges of K-F's inefficiency (TIME, Nov. 24) and invited a congressional investigation. Last week...
...Busy Day. Up before the Senate's Preparedness subcommittee came Truman's ex-Under Secretary of Air John McCone, a Los Angeles Republican, ex-steel-man and onetime shipbuilding associate of Henry Kaiser. McCone recited the crowded events of a busy day in December 1950. In the morning, Kaiser-Frazer got a $25 million RFC loan; at noon, Henry and Edgar Kaiser met McCone at lunch to ask him about defense work; in the afternoon, Fairchild Engine and Airplane Corp. was notified by telephone that Henry and Edgar would come out to Hagerstown, Md. next morning to pick...
After earmarking 60% of their production for defense and Government stock piling, aluminum's Big Three in the U.S. (Alcoa, Reynolds, Kaiser) cannot meet booming U.S. civilian demand. No foreign competitor knows this better than Canada's Aluminium Ltd., world's biggest producer of primary aluminum ingot. Its salesmen have been calling on the Big Three. Last week, Aluminium Ltd. closed deals with Alcoa and Kaiser to supply them with a whopping 713,000 metric tons of aluminum during the next five years. Price: more than $300 million...
...m.p.h. pace on Daytona Beach's measured mile in 1910. Gottlieb Daimler, whose company merged with Benz's in 1926, built the first practical gasoline-driven car, and turned out luxurious limousines for royalty (e.g., England's Queen Alexandra and Germany's own Kaiser Wilhelm). After the merger, Daimler-Benz (with France's Bugatti and Italy's Alfa Romeo) dominated European road racing until World...