Word: repairable
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Dates: during 1940-1949
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Only three of the building's six floors appear above ground. Two floors are devoted solely to stacks and cabinets of baked enamel while the others include a variety of offices, repair shops, and reading and exhibition rooms
...around. District Attorney Frank S. Hogan questioned more than a hundred witnesses. Not until all the evidence was in could the question of sabotage be determined. But the story of carelessness looked worse & worse. The Navy maintained that responsibility for fire precautions was up to the Robins Dry Dock & Repair Co., conversion contractors...
...weight and vigor of the German Panzer divisions, which at vital moments took possession of the battlefields so that they could repair their damaged tanks-and ours...
Actually, Todd's profits did not seem extravagant for a firm doing $200,000,000 worth of repair work a year. Todd earned $2,981,000 in the year ended last March after paying $3,500,000 in Federal taxes. This year Mr. Barnes indicated Todd would net about $7,000,000, pay $8,000,000 in taxes. But Todd's invested capital is only $40,000,000. On that, a $7,000,000 return is a very respectable...
Moreover, from Barnes's candor at its most candid, it appeared that haste and Hitler were not the only villains of the piece. The ghost of NRA, he revealed, still stalks the ship repair yards. Because Todd competitor United Drydock (since bought by Bethlehem Steel) was in danger of going broke, the NRA code fixed all repair yard rates on the basis of daily wages paid, plus 35 or 40% overhead, plus machine rentals, plus 10% "profits." The arrival of war and a flood of Government work found this antique formula still in effect. As the yards filled, overhead...