Word: nelsons
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Dates: during 1940-1949
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Newly tough Donald Nelson had a hot new idea last week on what to do about small business in a total war that requires more materials and manpower than big business can find...
Significantly, Nelson's ideas amounted to the first admission from any top-drawer Washington war man that hope of getting any large volume of war orders for small industry is just about gone-though that hope is still personified by a $150,000,000 WPB adjunct, the Smaller War Plants Corp.* But Donald Nelson's realism may nonetheless offer the little fellow a better break in the long run than all the gentle small-business panaceas that millions of words, good intentions-and taxpayers' dollars-have so far produced...
...What Don Nelson had in mind was a kind of Sleeping Beauty treatment, with small business put out of its suffering for the duration and Prince Charming kissing it back to life after the war. To the Senate Small Business Committee, struggling with plans for keeping the Beauty awake as well as alive next year, he suggested instead a War Liabilities Adjustment Agency that would: 1) relieve about-to-be-extinguished firms of their pressing current liabilities (leases, loans, etc.); 2) finance their re-entry into business after the war; 3) give them special breaks such as priorities...
Production Tsar Nelson made it clear that he wanted no part of this helping-hand job for WPB, which had troubles enough already with war production. What he wanted for himself was a clear conscience when and if he has to commit mayhem on small business to take over its equipment and manpower. The U.S. has over 2,750,000 small businesses (fewer than 100 employes) with a total payroll of more than 8,350,000 people. Though only 169,000 are manufacturers, they all consume manpower-and manpower in the long run may well become the most compelling...
...last week Ferdinand Eberstadt, Donald Nelson's new right-hand man, spent much of his first week in office trying to cope with the problem. The Army sent chunky, wisecracking Colonel Baxter over to WPB to take on the job. Colonel Baxter is no novice in war work or Government jobs: he had almost 20 years of active service after graduating from West Point in 1911, plus a stretch as one of Hugh Johnson's division heads in NRA days. This week Colonel Baxter is due to make his first move: a new Steel Recovery Corp., backed...