Word: laughlins
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Clandestine Meetings. The $400,000 total of fines, highest ever in the industry's history, was levied against its six largest companies-U.S. Steel, Bethlehem, Republic, Armco, National and Jones & Laughlin-as well as Wheeling Steel and National's Great Lakes Steel subsidiary. The judge also allowed no contest pleas by the only two individuals indicted: James P. Barton, 62, U.S. Steel's assistant general manager of administrative service, and William J. Stephens, 58, hard-selling president of Jones & Laughlin. Stephens, who worked for rival Bethlehem as an assistant vice president at the time covered...
...More power to the little town of Hennepin, Ill., and to Jones & Laughlin for locating their new plant there [July 9]. Andrews, N.C., is also a little town. It is one of the most economically stagnant areas of Appalachia. Poor they may be, but Andrews residents are proud too. Under the leadership of Mayor Percy B. Ferebee, a development corporation was formed, and $200,000 was raised. With this as bait, Andrews in two years signed a furniture company. Today, construction is under way on a factory that will employ 900-about three times as many men as there...
...plant on the hunk of Lake Michigan sand that is now Gary, Ind., has a private project had such opportunity to change an entire area. The mill will start off employing 2,500 people in a plant for finishing rolled steel shipped from the East. Jones & Laughlin hopes that the plant will eventually be completely integrated from blast furnaces on up, expects it to generate satellite manufacturing industries to use its steel. Says Jones & Laughlin Chairman Charles M. Beeghly: "We are talking about the largest single development in the company's history...
Anxious to follow the westward flow of industry and begin tapping the booming Chicago market, Jones & Laughlin, the nation's sixth largest steel producer, started looking over possible Midwestern sites last summer. Its conditions: plentiful water, a youthful labor supply in the area, easy rail access and cheap land. With the aid of Fantus Co., the international plant-location experts, they considered half a dozen possible sites, finally settled on Hennepin as the one best meeting the requirements...
...Locust. When Jones & Laughlin made its intentions public last April, a stampede of speculators began. Property values soared: the steel company had already doubled the going rate by paying $870 an acre for its site, and nearby Hennepin land soon started attracting bids of up to $5,000 an acre. A vacant lot 80 ft. by 150 ft. drew an offer of $10,000. Two speculators tried to buy up stock in Hennepin's sole bank, threatened to put up another one next door when their offer was refused. Half a dozen groups rushed in and offered...