Word: kaisers
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...could, of course, be wrong, as the Kaiser and Hitler and Tojo were wrong. Who will win a war is determined by real strength, but whether a war will start is determined largely by estimates of strength, which may be right or wrong...
...Tuebingen, Germany, ex-Crown Prince Friedrich Wilhelm, the Kaiser's eldest son, who is quietly living out his years in the French zone, was about to get a glittering reminder of the old days. The British, acting on a 1946 tip, had dug up the crown of the Hohenzollerns, hidden during the war under the false step of a crypt in a tiny church. This week, after some careful investigation to make sure of its authenticity, the gold-heavy gewgaw, studded with 150-odd rose-cut diamonds and topped by a giant sapphire, was on its way back...
...Kaiser. Henry Kaiser took over another surplus war plant: the War Assets Administration leased the $22.8 million, 36-building aluminum mill at Newark, Ohio to Kaiser's Permanente Metals for ten years. Terms: 5% of the first year's sales, $125,000 a year minimum for the second, third and fourth years, and $250,000 minimum thereafter...
...committee soon discovered that Republic needed the plant's hot metal (to make steel) as badly as the foundrymen needed the pig iron. That gave White and Kaiser a reason to get together. At week's end, the two old feuders parked their popguns and signed a temporary truce...
Under it, Kaiser-Frazer got the plant, but agreed to let Republic run it until next May; by then Republic was expected to have a new pig-iron source. Meanwhile, Republic will supply K-F with 5,000 tons out of its monthly 37,500-ton pig-iron production. Charlie White had driven a shrewd bargain. His rent to Kaiser-Frazer is $1.40 a ton of iron produced, while Kaiser-Frazer must pay WAA $1.50. Thus, as long as White runs the plant, Kaiser loses a dime on every ton of iron that Republic makes...