Word: ores
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Dates: during 1950-1959
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...production, the Defense Production Administration last week okayed the biggest single quick-tax-write-off in its history: a $298 million project for Minnesota's Erie Mining Co. Most businessmen had never heard of the company and they were baffled by its purpose, which is to "beneficiate" an ore named taconite...
Later, for Bethlehem Steel, he studied employees shoveling ore, coal, etc. He found that because they used different sized shovels, output varied widely. Taylor tried the workers with a shovel holding 34 Ibs. of ore, then shifted to a shorter shovel holding 30 Ibs. For every reduction in the load, each man's daily tonnage rose - until a 21-lb. load was reached. Below that, output fell. Taylor set 21½ Ibs. as the ideal shovel load. Result: the yard force was cut by two-thirds, yet daily loadings rose from 25 tons...
...Louis Robertson disqualified himself because he was deputy comptroller of the currency when his office, two years ago, permitted Transamerica to sell 22 banks to the Bank of America (TIME, July 10, 1950). Abbot L. Mills, who came to the board from the U.S. National Bank of Portland, Ore., disqualified himself because his former boss had testified for Transamerica...
Touching. In Medford, Ore., red-faced officials of the United States National Bank found their vault's time clock set two days ahead by mistake, sheepishly got a loan from rival First National to conduct the day's business...
Commenting on various Presidential hopefuls. Thomas stated, "I like Ike, but I want to know what he likes." He said that some people have claimed that Eisenhower was politically to the right of Taft, while others, like Senator Morse (R-Ore.), felt he was on the left. "What he said in the short period he was President of Columbia were the usual generalizations," Thomas declared. "I want more particular knowledge of where he stands...