Word: laughlin
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Last May, four air police walked into the Jones & Laughlin mill in Pittsburgh and asked for Bob Toth, a young (21) steelworker. When they found him at work, the APs handcuffed him, took him to the Greater Pittsburgh Airport, where he was ordered aboard a military plane. Five days later, Toth, who had gotten his honorable discharge five months earlier, was in a guardhouse in Taegu, Korea, awaiting trial by court-martial on a charge of murder...
...pour out. Second-quarter net profit of General Motors was $162 million v. $142 million a year ago. U.S. Steel's second-quarter net was $55,640,806, up from $22,218,922 a year earlier. Summing up the effects of the truce on the U.S. economy, Jones & Laughlin Steel Corp. Chairman Ben Moreell declared: "A war economy is a destructive thing . . . The farther we go down the road to peace the better off we will...
...steel industry, record sales of $927,925,909 increased U.S. Steel's net 13.4% to $49,375,958. Republic's net jumped 17% to $13,759,513 and Jones & Laughlin's 19.8% to $5,642,000. Biggest gainer of all was Bethlehem, which reported sales up 7.3% to a record $500,407,927 and earnings up 63.6% to $30,961,033. But though steelmakers' earnings were good, none of the companies thought they were good enough to absorb an industry wage increase (see above) or higher costs. Said Bethlehem's Chairman Eugene G. Grace: "Since...
When Knowland last week recommended Laughlin E. Waters, chairman of the California Republican Party's central committee, for appointment as U.S. attorney for Southern California, some California Republicans predicted a hot war between Nixonites and Knowlandites. Waters is especially displeasing to Nixon, who accuses him of sitting on his hands during the campaign. But, both future presidential possibilities, Nixon and Knowland want to avoid an open break. Public squabbles would do neither man any good and might damage the Republican Party -not only in California but nationally. The two men stay on good terms outwardly, try to keep their...
...gall bladder trouble, which could be cured by a change of diet, serious sinus infections and potentially fatal malignancies which required surgery have been discovered. In G.M.'s program, the director Dr. Max Burnell, has calculated that 422 persons underwent operations after the examinations disclosed hidden ailments. Jones & Laughlin's medical director, Dr. John Laurer, believes that health programs also pay an extra bonus in morale and better productivity. Said he: "When an executive doesn't have to worry about his health, he feels and works better...