Word: plantes
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Dates: during 1940-1949
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...principal mine-operating subsidiary of Dominion Steel & Coal Corp. Ltd. ("Dosco"), which controls 90% of Nova Scotia's coal pro duction, besides the steel plant at Sydney, where iron ore from Newfoundland is reduced...
Kaiser charged that White had "tried to blackjack the Government" into letting Republic have the plant dirt-cheap. He told how once, on the telephone, White had called him "the kind of fellow that carries a pistol in his pocket." When Kaiser tried to recall the date, White offered to provide it. Said he: "I had a stenographer on the telephone...
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...
...committee soon discovered that Republic needed the plant's hot metal (to make steel) as badly as the foundrymen needed the pig iron. That gave White and Kaiser a reason to get together. At week's end, the two old feuders parked their popguns and signed a temporary truce...
Under it, Kaiser-Frazer got the plant, but agreed to let Republic run it until next May; by then Republic was expected to have a new pig-iron source. Meanwhile, Republic will supply K-F with 5,000 tons out of its monthly 37,500-ton pig-iron production. Charlie White had driven a shrewd bargain. His rent to Kaiser-Frazer is $1.40 a ton of iron produced, while Kaiser-Frazer must pay WAA $1.50. Thus, as long as White runs the plant, Kaiser loses a dime on every ton of iron that Republic makes...