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Three years after that, René Girier was picked up once again. This time he was tossed into sturdy Pont L'Eveque Prison. Five days later, he departed without ceremony by climbing over the wall...

Author: /time Magazine | Title: FRANCE: Slippery Stick | 12/4/1950 | See Source »

...million tax set-aside for the first nine months of 1950 was the biggest tax bill in corporate history, and more than the total profits of the entire U.S. steel industry in 1949. G.M.'s extra dividend during the quarter helped boost the net of E. I. du Pont de Nemours & Co., which owns 22% of G.M. stock, to $96 million, v. $49 million a year...

Author: /time Magazine | Title: EARNINGS: Crest of the Wave | 11/6/1950 | See Source »

...building the Government's $350 million Hanford plutonium plant during World War II, Du Pont agreed to a fee of $1. But it took Du Pont a long time to collect. Only last month did the Government pay off (because it took so long to terminate the contract). Last week Du Pont announced that it had signed up with the Atomic Energy Commission to make another dollar, this time by building the hydrogen bomb plant...

Author: /time Magazine | Title: How to Make a Buck | 11/6/1950 | See Source »

...letter to Du Pont's 122,000 stockholders, President Crawford Greenewalt referred to the new project merely as "new production facilities for atomic materials." In addition to the $1 fee, Du Pont agreed to the same terms as those for Hanford (now operated by General Electric Co.). The Government will pay all costs, including the salaries of Du Pont personnel assigned to the project, and Du Pont will turn over to the U.S. all patents and discoveries arising from the project. The site of the new atomic city has not been selected, but a decision is expected shortly...

Author: /time Magazine | Title: How to Make a Buck | 11/6/1950 | See Source »

President Greenewalt, one of the key men in the Hanford project, flatly said that Du Pont had not wanted to take on the new job. It had done so only "upon assurances from highest governmental sources that the project is of vital importance" to the U.S. The reasons for Du Pont's reluctance were plain. It did not want to risk having the "merchant of death" tag pinned on it again. Nor did it have any desire to hand more ammunition to Fair Deal trustbusters who have filed three suits attempting to break up the Du Pont organization. Last...

Author: /time Magazine | Title: How to Make a Buck | 11/6/1950 | See Source »

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