Word: million
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Dates: during 1940-1949
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...company, a new war began when peace came. It seemed to be a losing battle from the start. With 16 of its 19 plants shut down, Curtiss-Wright began losing out on orders from the Air Force. It also got little business from civilian customers. It still had $100 million in cash, but President Guy W. Vaughan was saving it for a rainy...
...belts, one carrying coal north from the coal-mining towns along the Ohio River, the other carrying ore south from lake freighters to the steel mills. There would be enough room in between the belts for workers to tend the machinery. In this way Stewart hoped to move 29 million tons of coal, 30 million tons of iron ore and 3 million tons of limestone a year-at about half the price of present railroad rates...
...building his road into one of the most successful short-line carriers in the U.S. Last year it netted about $1,000,000. His conveyor belt, he thinks, will do even better. To finance it, he has already lined up backers who will put up the $210 million construction cost, and take bonds which Stewart hopes to pay off in 20 years. Stewart intends to start building his conveyor in a year, have it running in three...
...weatherbeaten farmers and farm administrators. Delegates of the National Rural Electric Cooperative Association, they were there to plump for more and bigger TVA-like projects. They wanted dams and power plants along the St. Lawrence, Missouri, and Columbia Rivers. They wanted the federal government, which had spent $375 million in rural electrification last year, to spend $450 million more this year...
Double Effort. To build up their reserves and beat the shortage, the utility men were well into a $5 billion expansion program, the biggest in their history. Example: California's Pacific Gas & Electric Co. was spending $500 million on expansion, part of it to transmit power from the Government's Shasta Dam. It hoped to boost transmission enough so that last year's power shortage would not occur again. In addition, the Government hoped to step up California's Central Valley Project's capacity enough to take care of another big spurt in demand...