Word: lipsetts
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...their 15 years as junkmen in New York, brothers Morris and Julius Lipsett had handled such big jobs as scrapping Manhattan's Second Avenue El, the old approaches to the Brooklyn Bridge, and the liner Normandie (TIME, Oct. 14, 1946). So they expected no trouble when they bought the decommissioned battleship New Mexico for $381,000 (original cost in 1917: $17,348,200). But last week as the New Mex, shorn of her power plant and with holes bored in her big guns, was towed from Boston toward Newark, trouble hit her like a spread of torpedoes amidships...
...September, the Manhattan demolition firm of Lipsett, Inc. sent Big Jim to Pittsburgh to help clear away the wreckage of the Pittsburgh & West Virginia Railway's old Wabash Station, which had been swept by an $8,000,000 fire in 1946. With his 40-ton crane and his wrecking ball, Big Jim was the delight of Pittsburgh's sidewalk superintendents. Every day, hundreds of people gathered to watch him work. The Pittsburgh Press ran a Sunday feature story about Big Jim. The story said that he was "the best free show in town...
That was too much for Pittsburgh Local No. 905 of the A.F.L.'s Union of Operating Engineers. Last week it peremptorily ordered Lipsett, Inc. to take Big Jim, a good union man himself, off the job and replace him with a Pittsburgh craneman. Cried Local President P. Wharton: "He had too much publicity. The [newspaper] story focused attention on him and the fact that he was from New York. It also called him an expert. We've got 2,010 members in our union, and they're all experts. We just had to show him he wasn...
...buyer: Lipsett, Inc., a Jamestown, N.Y. steel scrap firm. Lipsett intends to cut the Normandie down to the waterline, then raise the hull and break it up. Total cost of the operation: between...
...Lipsett expects the Normandie to yield about 40,000 tons of steel scrap (worth some $15 a ton), which will just about cover scrapping costs. Any profit will depend upon how much brass, copper, lead, etc. (worth up to $240 a ton) he can salvage. Said company President Morris Lipsett: "It's just like a crap game