Word: seamless
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Dates: during 1940-1949
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Hollywood liked the seamless bowls so much that Paddock, pool-purveyor to cinemoguls since 1922, hired Ilsley as a consultant. When Pascal Paddock, company president, decided to sell in 1939, Ilsley bought him out for a mere $17,000. During the war, Ilsley built pools and water tanks for the Army & Navy, thus was ready to dive back into private pools at war's end. Now he produces about one custom-made pool a day (average cost: about $10,000), paid himself $41,000 last year in salary and bonuses. The company netted $59,730. With the People...
...Removals would not begin until some time next spring. Because of the steel shortage, U.S. casket-makers will be unable to meet the services' demand for seamless steel, hermetically sealed coffins until then...
What had aroused them was the 300% increase in Canada's tariff on seamless steel boiler tubing, which had been belatedly discovered (TIME, Nov. 5) in Canada's new budget. They reminded the Cabinet that those increases, perhaps petty in themselves, were indefensible in view of the Liberal Government's repeated declarations favoring free trade...
...Government does not always practice what it -preaches. Buried deep in the budget, and bypassed in a 42-word, offhand way by Finance Minister James L. Ilsley in his recent budget speech (not of "major importance," said he), was a new 20% tariff wall-increased from 5%-on seamless-steel boiler tubing...
...effect, it was imposed solely against the half dozen or so U.S. tube companies which sent $2,414,000 worth of seamless tubing into Canada last year. Because of Empire preferences, British tube exporters would be exempt...