Word: plante
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Dates: during 1930-1939
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...this week, the loss of Adviser Lord Weir was more than compensated for. Lord Nuffield, Britain's top-rank motor manufacturer, announced that he was ending his two-year quarrel with the Air Ministry. Lord Nuffield, long at loggerheads with Lord Swinton, will place his mammoth Morris auto plant, the largest in Europe, at the Government's disposal for the mass production of airframes. The motor magnate had previously turned out only tanks and motorized units for the Government...
...Tennessee Public Service Co. But fixing the price was no simple matter. Mr. Mynatt's first offer was $5,250,000; National Power turned it down. But Mr. Mynatt meant business. With a $3,225,000 bond issue and a PWTA loan, he started building a municipal power plant. National Power accepted the next offer-$6,000,000; Mr. Mynatt promptly stopped work on his plant. This time National Power's preferred stockholders thought the price was too low. Mr. Mynatt went on higgling and resumed work on the plant. Fortnight ago his price...
...reasons why Donald Douglas has expanded in 18 years from that pint-sized barber shop to a plant covering 1,315,974 square feet are two: He believes that it takes dreamers and technicians, not businessmen, to make airplanes; he has the uncanny ability of finding the right experts from among his old cronies. Donald Douglas has surrounded himself with a group of congenial, practical-minded Jules Vernes. Perhaps the most important of these is Arthur E. Raymond. Son of the late Walter Raymond of Raymond-Whitcomb, he looks more like a professor than a boss. His first job with...
According to Professor Hanson, no substantial revival occurred in these three fields in the recovery of 1935-1937. Although there was a real boom in the production of automobiles and some other durable consumers' goods and a very considerable investment in industrial plant and equipment, capital expenditures remained low in the basic fields of housing, railroads, and public utilities...
...refinancing in U. S. history, he wiped out virtually all of it-$295,000,000-with money taken from surplus plus a $142,000,000 issue of common stock. But between 1932, when Myron Taylor became chairman of the board, and 1935 Big Steel lost $100,000,000. New plant construction & improvement took $123,000,000 in 1937, is expected to amount to $80,000,000 more in 1938. With steel production again on the skids, this added up to a pressing need for cash. Three months ago U. S. Steel borrowed $50,000,000 from Pittsburgh, Chicago and Manhattan...