Word: rubberizing
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Dates: during 1950-1959
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Among the items that Grand Rapids figured the public was ready to bid for right away: cork-topped dining-room tables, streamlined rockers, foam-rubber easy chairs, spreading couches and coffee tables slung low enough to fit under modern picture-windows...
Michigan's Republican Paul W. Shafer, author of present rubber legislation, promptly complained that the President had demanded "too much for too long." Shafer favored immediate disposal of the synthetic plants, and limiting of controls to three years...
...baby, the $700 million synthetic rubber industry, was ready to stand on its own feet. So said President Truman last week as he sent Congress a detailed plan for the care & feeding of the youngster during the next ten years. His most important recommendation: dismiss the baby's Government nurse and send the child out into the competitive world. The Government, said Harry Truman, should get out of the rubber business "as soon as possible" by selling or leasing its 28 synthetic plants to private industry...
Long-term Federal controls were needed, said the President, to keep the synthetic industry strong in the event war should cut off natural rubber imports...
...case, the Government's rubber experts agreed that synthetic rubber would be a firmly established competitor of natural rubber within a few years. At its current price of 180? a lb., natural rubber has a slight edge over synthetic, priced at 18½?. But the presidential report anticipated that new techniques might soon bring down synthetic's price...