Word: pigged
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Though he had lost the plant, White was still fighting. His talk about cutting off some 400 northeastern foundries from their pig-iron supplies had whipped up terrific pressure from the foundrymen. Moreover, White knew that the plant, which Republic built, was so much a part of Republic's other operations that it could never be cut out of them without a long shutdown. Kaiser confessed that he was in for trouble unless the committee could "make a Christian out of White...
During the war Republic operated the plant for the Defense Plant Corp., after the war continued to operate it under an interim lease. The WAA plant supplied iron for Republic's Cleveland mills and that, in turn, made it possible for Republic to sell pig iron from its other blast furnaces to hundreds of Northeastern foundries. With a defense program on, White did not think that the Government would disturb this complex setup...
...abruptly stopped haggling with Republic, turned to Henry Kaiser, who had once shown an interest in the plant. Asked Larson: Would Kaiser be willing to pay a minimum rent of $800,000 a year? Kaiser, who needs steel for his Kaiser-Frazer automobiles and knows that he can swap pig iron for it, jumped at the offer...
...White claimed that, including tonnage royalties, his offer would have netted the Government $1,275,000 compared with $1,248,000 from Kaiser. (WAA said Kaiser's rental would exceed $1,500,000.) White also wired 403 of his foundry customers that Republic was "going out of the pig iron business." By week's end, the frightened foundries were deluging WAA with protests...
...from 700,000 to 1,400,000 tons a year, or one-sixth of all Republic's needs. Republic thought the day was not too distant when all its steel would be made from Adirondack ores. Its Adirondack ore reserves were big enough to keep the company in pig iron for 50 years...