Word: know-how
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...longer good business that some U.S. fighting men paid by the Chinese Government should get $600 a month plus a bonus of $500 per enemy plane downed. Pilots fighting for the U.S. get paid in the ungenerous Army & Navy scales. Perhaps more important: all A.V.G.'s battle-won know-how on the technique of destroying Japs was far too precious to keep concentrated in only three squadrons-it needed to be spread through the U.S. air forces...
...Navy has its own way of doling out civilian commissions, bases rank on age plus know-how, will not go higher than a lieutenant commander. Thus ensigns must be at least 19, lieutenants (junior grade) 21, lieutenants 33, lieutenant commanders...
Toughest problem of all for Army & Navy commission boards is getting the right men as officers, not because the U.S. is short of either brain power or know-how, but because most U.S. citizens have always regarded a military life as a dog's life. But the boards are not discouraged. The men are there, in the U.S., somewhere -and the services believe they can find them...
...comparatively small corporation near New London promptly became one of the most important firms in the U.S. The Electric Boat Co., on the Thames River at Groton, Conn., has almost a monopoly of U.S. sub-building know-how. Only other U.S. sub-builders are two Navy yards (Portsmouth, N.H. and Mare Island, Calif.) and a new private venture at Manitowoc, Wis. Even the Manitowoc yard is staffed and supervised (not owned) by Electric Boat Co., and its product is Ebco-guaranteed. All three rival yards combined have fewer ways, less equipment than Ebco. Ebco got started in 1899 when...
...after the war the motor industry will not consist of three huge successful companies and a handful of independents struggling against odds. All the signs point to a motor industry in which the Big Three will have to face the competition of a vigorous brood of independents, wise in know-how and better founded financially than at any time in a decade. Thus last week Nash, Hupp, Hudson and Packard were the four most active stocks on the New York Stock Exchange-and all four hit new highs for the year...