Word: pauley
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Said Washington dopesters: the President, who had previously picked wavy-haired John L. Sullivan, the Navy's Assistant Secretary for Air, had now definitely settled on California's rich oilman, Edwin W. Pauley, who had raised millions for the Democratic Party as its treasurer from...
...first glance Ed Pauley seemed like a doubtful choice-there could not fail to be bitter debate over his heading a department which controls so much of the nation's oil reserves. He knew little about the Navy. But big, energetic Ed Pauley had a broad background of achievement in private life-he had founded an oil company, directed a bank, helped operate a big construction company. And he had done a shrewd, sound job for the President in sizing up the reparations picture in Germany and Japan. Harry Truman liked him and trusted him; but some...
After a quick look at Japanese industry, Reparations Commissioner Edwin W. Pauley concluded that present Japanese capacity could be heavily cut and still remain larger than it was before Japan attacked China in 1931. He recommended a reduction in steel production to 2,500,000 tons and complete elimination of ball-bearing manufacture. He thought some caustic acid plants, solvay soda ash plants, and coal-burning electric generators could be picked up and removed from Japan...
...Pauley statement dovetailed with the Chinese view on reparations; in spite of its immediate need for finished products, China would rather take Japanese machinery and thus reduce the chance of a subsequent Japanese revival as a power in east Asia...
Compared to all previous reports, Pauley's estimates of how much could or should be taken from Japan were high. It will be good news for reparations claimants if Japan has as much left- after the loss of Manchuria and Korea, plus heavy bomb damage-as Pauley's recommendations indicate...