Word: pratt
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Dates: during 1940-1949
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Labor relations had become so bad at the Niles-Bement-Pond Co. machine-tool plant in Hartford, Conn. that they could only change for the better. The company's president, Harvardman Charles Walton Deeds, 44, was good at making money (he ran a $40 stake in Pratt & Whitney Aircraft Co. into a $1,600,000 profit). But he was stiff-necked in his dealings with employees. The C.I.O. United Electrical, Radio and Machine Workers Union, which was heavily sprinkled with Communist leaders, was just as tough as President Deeds. Last year their mutual toughness resulted in a bitter...
Roll with the Fall. During the war, United's Pratt & Whitney and licensees accounted for 47.5% of U.S. aircraft engines (measured in horsepower) and the Hamilton Standard division for 75% of all propellers. The Sikorsky division made 400 helicopters for the military. United's gross business mushroomed from $37,000,000 in 1938 to $484,000,000 in 1945. When cutbacks came, and United's payroll dropped from 76,000 to 25,000, the company managed to roll with the fall. It closed seven branch plants, returned $51,750,000 worth of equipment to the Government...
...Rentschler, who had resigned as president of Wright Aeronautical Corp., started Pratt & Whitney in a rented plant on a $250,000 loan. Four years later he moved into top position when P. & W. merged with Vought, Hamilton and Sikorsky...
...probably the most available member of the Pratt family in America, F. D. is also constantly asked to help locate lost Pratts. He has no idea why so many Pratts lose track of their relatives, but if they are TIME subscribers he can always find them...
Among his most rewarding and faithful correspondents are the servicemen who wrote to him all during the war about TIME's Pony and other editions they were getting overseas. They deluged him with battle flags, daggers, and other souvenirs of their gratitude. Fran Pratt is rightfully proud of the fact that more than 400,000 of them are now civilian subscribers and newsstand buyers of TIME and that they still write...