Word: rubbers
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Dates: during 1940-1949
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...them. When defense agencies pleaded with companies to accept wartime orders and expand, Mr. Jones demanded collateral as usual, saw to it that each deal was a rock-sound financial proposition before he certified a Federal loan. In the summer of 1940 he turned a cold shoulder on synthetic rubber manufacture, because he figured that synthetic rubber would cost 40? a pound to produce. Commented the Nation wryly: "If the United States loses the war, it will go down to defeat in a thoroughly solvent condition." Mr. Jones was accused of delay all along the line: aluminum, magnesium, ships, defense...
...Truman Committee had its teeth in Standard Oil Co. of New Jersey and was unwilling to let go. After gnawing at Standard's synthetic-rubber deals. Chairman Harry S. Truman posed with President W. S. Parish mugging through a Standard synthetic tire. Then he took a new bite: at Standard's sales to Lati, the Italian airline which ferried Axis agents and funds between Rome and Brazil...
Only a fulltime hoarder, with unlimited bankroll, could keep up with the flood tide of shortages; no hoarder had the future really cased without a full stock of hair curlers and wigs, Easter lilies and lawn mowers, girdles and cod-liver oil, sugar and quinine, gin and tea, rubber diapers and bronze caskets...
Flies would be a major menace: swatters could not be made of metal, nor of rubber either. Tire-rationed motorists who had begun to think of buying bicycles woke up one morning to find that bicycles were rationed...
...Defense Plant Corporation) is a war branch of Jesse Jones's RFC, with power to build, buy and sell plants, operate them if necessary; DSC (Defense Supplies Corporation), MRC (Metals Reserve Company), RRC (Rubber Reserve Company) are RFC subsidiaries, concerned with stocks of war materials...