Word: magnesium
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
When World War II caught the U.S. desperately short of magnesium, a No. 1 component of incendiaries and planes, the Federal Government spilled out $515,000,000 to expand the infant industry. Last week, the Senate's wallet-watching Truman Committee ended a two-year probe of: 1) whether the U.S. got its money's worth; 2) what will happen to the new industry at war's end. Its report...
...Praised Michigan's Dow Chemical Co. which, with its licensees, turned out 61% of all U.S. magnesium last year...
...Roundly condemned the contract made by Jesse Jones's Defense Plants Corp. with Basic Magnesium, Inc. to build the country's biggest magnesium plant at Las Vegas, Nev. (TIME, April...
Balm for Dow. To Dow Chemical (only prewar U.S. magnesium manufacturer) the mild praise was sweet. But even sweeter to the company's white-haired president, Dr. Willard H. Dow, was the deathblow the Committee gave to the popular belief that the U.S. magnesium shortage was due to an agreement between Dow, Alcoa and Germany's I.G. Farben. Under that deal-so the libelous rumor ran-Dow magnesium manufacture was limited, while German production was kited. Other agreements brought antitrust indictments down on the heads of Dow and Alcoa in 1941, forced them...
...Committee had now found that the agreement "probably assisted in fabricating magnesium and increasing its commercial use in the U.S." though price differentials may have kept newcomers out of the field. "Dow Chemical was never limited in its production." Rather, it "incurred original losses in order to produce magnesium. Without [Dow's] interest the production of magnesium in the U.S. might not have been so great...