Word: segundo
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Dates: during 1940-1949
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When war clouds rolled up in 1939, Douglas was a middling-sized company with plants at Santa Monica and El Segundo. But he had a big-company backlog of $69,000,000. Cautious Donald Douglas did not want to grow any bigger and did not intend to. All this planemaking interfered with his engineer's urge to design planes. But the Army changed his mind...
...Letter. The issue came into the open with the publication of an exchange of letters between Vice Admiral Segundo Storni, Argentine Foreign Minister, and U.S. State Secretary Cordell Hull. Wrote Storni, in one of the most amateurish diplomatic papers of the times...
Borrow $80,000. Only a few months after he left his swanky Vultee office, Don Smith got a strange offer: take charge of Interstate Aircraft, a year-old, struggling parts maker with no cash, $186,000 debts and a two-by-six plant at El Segundo, Calif. Smith grabbed the job, went to work with $80,000 borrowed capital and a pair of young, bright, production-minded cronies from Vultee. In no time at all Smith had the parts business booming with sales of precision equipment like hydraulic units, bomb shackles, anti-aircraft gun sights. Then Smith got interested...
...Interstate's parts business soared anew, its little Cadet was ordered by the hundreds for the Government pilot-training program. Meanwhile Smith and Navy engineers sweated hours over a bigger & batter plane, finally got one. Last May a cluster of Navy aviation experts flew to the little El Segundo plant, ogled a radically designed plywood plane. The Navy promptly placed huge orders. To take care of the rush, Smith expanded into Los Angeles, leased a huge furniture plant at De Kalb, Ill., handed multimillion-dollar aviation subcontracts to ex-jukebox makers Rudolph Wurlitzer Co. and ex-civilian producer Singer...
Robin Hood in the Jungle. Among those who rebelled was Segundo David Peralta, a bookbinder from Tucuman, who took to the jungle with a band that soon grew to 30 or 40 members. Objects of his wrath were the brokers and big companies, who not only dictated sales prices but sometimes charged as much as 30% interest on loans. Sweeping out of the jungle in organized forays, Mate Cosido* and his well-armed men have staged at least seven big holdups, netting over 90,000 pesos ($21,420). He distributes the loot among the neediest farmers and pickers, thereby assuring...