Word: knudsen
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...stockmarket, which after a brief spurt in June had marked time. Last week manufacturers began slowing down to the stockmarket's pace. They realized that the expected U. S. boom is still on the drawing boards. Mass production of arms cannot start until Defense Advisory Commissioner William S. Knudsen guides the program out of its present engineering phase, through the plant and equipment building phases, to the assembly lines-all of which may take from six months to three years...
...TIME was misinformed about what Mr. Knudsen said, was right about his being earnest and preoccupied...
Instead he smiled at his preoccupation with one of the vital problems which he has to solve and we went on with business, which Mr. Knudsen conducts in a way that makes it a pleasure to be his associate...
...bureaucrat, Mr. Knudsen has none of the mannerisms...
Last week Father Henry thought differently. Reason: a fervent isolationist, he will manufacture only for "Defense," not for Britain.* At once the entire deal was declared off. Defense Commissioner William S. Knudsen issued a pained, circumstantial account; Morgenthau explained that inasmuch as Britain had given the U.S. permission to make the Rolls motor, "fairness and policy" required that Britain should have the right to buy them. Said Henry Ford: "My offer to make airplanes, aviation engines or anything else the U. S. Government needs for defensive purposes still stands...