Word: leon
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Dates: during 1940-1949
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...last February, in the foggy, groping first winter of defense, the big easy-mannered buyer already loomed as one of the most far-sighted defense managers, at a crisis-time when ability to foresee the future was even more precious than aluminum. Very early he formed an axis with Leon Henderson, quietly backed him when Henderson's stock was selling at zero in March and April. For Nelson agreed with Henderson on a vital point, the quotation appearing under Henderson's TIME cover picture May 12: "By God, we should have learned a few things from the last...
...Washington Times-Herald noted that Nelson had "almost magically" escaped criticism. There was no magic in it: Nelson had done an enormous job well, held his tongue, kept his head-and above all had truly seen the size of the job ahead. He had been, with Leon Henderson, the first to insist that the defense program could not be superimposed on top of the normal U.S. economy; that there was only one choice between guns and butter...
...Leon Henderson got even more out of the reorganization, in some ways, than did his colleague Nelson. The bulgy, cigar-eating Price Boss became one of the Big Seven SPABoard-members to manage Civilian Supply. "The Great Jawbone" will have a voice with all other members in every problem of allocation and priorities; he remains Price boss, responsible only to the President, free to exercise his now-famed method of "jawbone control" of inflation...
...plan. It called for collection of the scrap by local committees, its sale to junk dealers who would sell it to the smelters. But the Little Flower did not trust junk dealers. Too many already were bootlegging aluminum-utensil scrap for as high as 40? a pound (Leon Henderson's ceiling...
...smelters agreed to pay 11.5? a pound for the scrap, but meanwhile Alcoa has announced that on Sept. 30 the price of virgin aluminum will be reduced from 17? to 15? a pound. Fearing that Leon Henderson will make a similar reduction (from 17?) in his ceiling on secondary aluminum (made from scrap), the scrap smelters-mostly smallish businesses-are jittery about being squeezed between the price they have to pay and their selling price...