Word: plantes
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Dates: during 1940-1949
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Most of them now work in a reconverted wing of the Sperry Gyroscope Plant at Lake Success, L.I. Their offices, nicknamed "rabbit warren," are cramped, mostly without windows, and erratically air-conditioned. The international civil servants work hard, gripe some, get on without nationalist friction but also without ardent international friendship. Few of them have a sense of high mission in their work; last week, their foremost hope was that the Assembly would get done before Christmas. But most observers agreed that they were doing a workmanlike job of keeping the Assembly grinding away at its curiously varied tasks...
...Meredith Stanley, also of Rockefeller-at-Princeton. Stanley was the man who threw a bomb into science (and philosophy and religion) by finding a Thing which acted like an inanimate chemical and also like a living, growing organism. It was the virus which causes the "mosaic disease" in tobacco plants. It can spread from plant to plant, multiplying within the living cells, apparently living itself. Dr. Stanley tricked it into a test tube, where it quieted down, the "living" molecules stacking together into protein crystals. But within this seemingly dead chemical, the spirit of life remained. When injected into...
...wanted RFC to lend up to $90,000,000 to eleven companies, some of which had never built houses, to build prefabricated houses and housing parts. Biggest loan would go to Chicago's Lustron Corp., along with a lease on Chicago's RFC-owned Dodge-Chrysler plant (TIME, Nov. 11). RFC's roly-poly George Allen said flatly: no. Most of the companies were putting up negligible security, might make as much as 14,000% profit if the loans went through...
Ingredient No. 2. The pot was really brought to a sizzling boil by Preston Tucker, a small-time promoter with big ideas of making autos in the Chicago plant. He had agreed in September to lease it from the War Assets Administration. But NHA had ordered the plant to go to Lustron. In a frantic effort to block this, Tucker came up with a dark tale. His story: a lawyer approached him, just before the National Housing Administration ordered the plant turned over to Lustron, and promised to block the deal if Tucker 1) gave him $400,000 in stock...
...Troubles. Taylorcraft Aviation Corp., one of the largest companies in the field, filed a petition in Cleveland's Federal Court asking permission to reorganize under the bankruptcy laws. It had overreached itself by optimistically redeeming $320,000 worth of preferred stock and spending $600,000 for plant expansion. Then, when it could not get enough engines to meet its production goal of 40 planes a day, Taylorcraft found itself with a whopping inventory ($800,000 in excess of its needs), and no way of meeting its current debts of $1,030,000. But it still had a backlog...