Word: myron
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Above this caption and under a headline GET LIFE IN URSCHEL KIDNAPPING the sedate, careful Indianapolis News last week printed a photograph of five men whose solemn expressions supplied the only possible excuse for mistaking them for convicted kidnappers. They were Steel Tycoons Myron C. Taylor. George M. Laughlin, Ernest T. Weir, Eugene G. Grace and Lawyer Nathan L. Miller, representing the American Iron & Steel Institute. The scene was not Oklahoma City but the steps of the White House, where the five had been photographed after a conference with the President...
...Washington, But the miners si ill stayed out and the President's next move was to summon a committee of captive mineowners to the White House. To U. S. Steel's Myron C. Taylor, Bethlehem's Eugene G. Grace, National's Ernest T. Weir and Jones & Laughlin's George Laughlin Jr. was presented an eight-point program, written in the President's own hand and scrutinized by General Johnson, which provided for a meeting between captive operators and union representatives. "Failing in agreement on any point . . . the President will pass on the questions involved...
...FLUTTER OF AN EYELID-Myron Brinig-Farrar & Rinehart...
...such reception was waiting for the steel and oil codes. The President's own persuasion was used to help wangle the steel code. U.S. Steel's Myron C. Taylor and Bethlehem's Charles M. Schwab spent an hour on the carpet in the White House. They emerged rather grimly, refused so much as a word to newshawks. One determined correspondent took Mr. Taylor's lapel, cried: "You'd better come clean. We're stockholders in your company...
That was, of course, wiped out by depreciation, bond interest etc., etc. but the turnabout was decisive. Moreover it was achieved on operations averaging only 27.5% of capacity. For July Steel's operations were estimated by Chairman Myron C. Taylor at 53% of capacity-a rate which if maintained ought to bring U. S. Steel quickly into a land of milk & honey.* That these figures represented not only the fortunes of U. S. Steel but of a big part of the steel industry was shown two days later when Bethlehem Steel reported its deficit cut from...