Word: scrap
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Dates: during 1950-1959
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Standing up before 200 scrap-metal dealers in Washington last week, Chief Mobilizer Charles E. Wilson angrily pounded his ham-sized hands down on the lectern. The Defense Production Administration, he said, had told him that steel production will be lower in the beginning of 1952 than in the last quarter of this year. Cried Charlie Wilson: "I just won't accept that answer. We have got to have at least a million more tons to distribute in the first quarter and another million or two million tons in the second quarter . . . Get this damn scrap...
Wilson's blood & thunder speech may have been intended only as a pep talk to get badly needed scrap rolling into steel mills. But it shocked steelmen who wondered where Wilson got the figures. If DPA had privately made such a gloomy report on a drop in steel production, why had NPA estimated that steelmen will produce 400,000 tons more steel in the first quarter of 1952 than in this year's last quarter? Furthermore, how did Wilson expect to get more steel next year when he had permitted DPA to slash the steel industry...
...West's efforts to arm Italy against the threat of Red attack, the 1947 Italian Peace Treaty has proved embarrassing: it limits the Italian air force to 350 aircraft. This means that whenever the U.S. delivers new planes to Italy, the government must scrap older planes, although they may still be useful as trainers or transports. But the Italian government thought of an ingenious-and legal-dodge: instead of destroying the old planes, it transferred them to the Knights of Malta,* who are theoretically sovereign, issue their own passports, send diplomats to half a dozen Roman Catholic countries. Last...
Gould himself admitted he had paid the price (up to $3 a lb.), and was grateful for what he got, whether it was new (Gould's ceiling price: 59? to 63? a Ib.) or "the rankest nondescript scrap." Gould identified the sellers as Benjamin S. Flug and Robert Corey, a pair of Brooklyn jobbers doing business under the name of Flurey Products Corp. Said he: Flurey Corp. disguised new nickel electroplating anodes as scrap ones (which are subject to more flexible ceilings), and sold them at many times their proper ceiling price...
Near Bordentown, NJ. the 476-ft. Grille, once proud pleasure yacht of Adolf Hitler, later bought by Textile Millionaire George Arida, went under the torches of a salvage crew, to be cut up and sent to the national defense scrap pile...