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...Joseph Stetson, a teacher of science in Washington's Landon School, thought the notion "a little leftist" at first, but came around fast when he saw the kind of leaders who would preside at Romford's salons. Among them: Utah's Senator Elbert Thomas, Kaiser-Frazer's Joseph Frazer, Sportswriter Grantland Rice, Scientist Vannevar Bush, ex-Supreme Court Justice James McReynolds, Connecticut's Governor Raymond Baldwin, China's U.N. Delegate Quo Taichi...

Author: /time Magazine | Title: Education: Beyond the Next Dance | 6/17/1946 | See Source »

Since mid-May, 1,000 G.I.s and Germans a day have thronged through an A.M.G.-sponsored art show in Wiesbaden. In paintings gathered from bombed-out German museums (notably Berlin's Kaiser Friedrich), they saw the work of such Flemish masters as Van Eyck, Gerard David and Van der Goes, such Germans as Dürer, Grünewald and Holbein. But the popular favorite by a day's march was Cranach's 16th-Century Fountain of Youth. His cosily detailed vision of the fountain seemed as real as a park pool. Cranach made people half-believe...

Author: /time Magazine | Title: Art: Dream in Detail | 6/17/1946 | See Source »

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...

Author: /time Magazine | Title: STEEL: $12,000,000 More | 6/17/1946 | See Source »

...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...

Author: /time Magazine | Title: STEEL: $12,000,000 More | 6/17/1946 | See Source »

...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...

Author: /time Magazine | Title: STEEL: $12,000,000 More | 6/17/1946 | See Source »

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