Word: kaisers
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Sears, Roebuck and Kaiser-Frazer have one thing in common: they have both lost money selling cars. Forty-one years ago, the Sears catalogue offered a two-cylinder car for less than $500, which would whiz along "from one to 25 miles per hour [on] resilient, hard-rubber tires." Sears dropped its auto after losing $21,000 on it in 1912. But Kaiser-Frazer, which has been making cars for six years and lost $13 million last year alone, is not that easily discouraged. Last week K-F made a deal that put Sears back in the auto business...
When Henry Kaiser bought a mink coat for his wife during the war, he was astonished to hear that it would take three weeks to make. "But I can build an oceangoing ship in a week," he protested. Answered the storekeeper coldly: "Mr. Kaiser, you are a great man. I am only a furrier...
...Pacific Northwest, normally the source of abundant hydroelectric power. But last week that power was growing scarce; the Columbia River, which is studded with dams (Grand Coulee, Bonneville), was at the lowest level in 20 years. As a result, aluminum's Big Three-Alcoa, Reynolds and Kaiser-were forced to cut their Northwest production as much...
Since Harvey was an unknown in the aluminum-producing business, aluminum's Big Three-Alcoa, Reynolds and Kaiser-flinched a bit at the news that the Government was dealing him in as No. 4 at their table. But Leo Harvey pointed out that Reynolds and Kaiser also had very little experience in making aluminum until the Government put them in the business...
Stretching the String. Like Henry Kaiser himself, Leo Harvey has the knack of getting what he wants from the Government and working a shoestring into a golden cord. His shoestring was the one-man Los Angeles machine shop which he started in 1913. Born in Latvia, Harvey had learned the machinist's trade in Germany before coming to the U.S. at 20. His shop prospered with World War I orders for parts for the Curtiss "Jenny," afterward, did a tidy business machining brass and aluminum parts. World War II's demand for aluminum plane parts spread his company...