Word: sirs
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Dates: during 1940-1949
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Medal for Merit. Sir William agreed to take on the Jamaica cement project. With the same quiet dexterity that won him a wartime U.S. Medal for Merit, he quickly organized the Caribbean Cement Co. Ltd., with himself as chairman (Ed Stettinius joined in as a director). He got a 19-year monopoly on Jamaican cement, and a scale of guaranteed prices (30% below the delivered cost of British cement, but still enough to make a tidy $221,650 annual profit...
...return, the company agreed to build a $4,800,000 factory capable of producing 600,000 barrels of cement a year. To raise the capital, Sir William got the World Commerce Corp. to underwrite $1.400,000, had no trouble at all in selling $2,000,000 worth of stock to enthusiastic Jamaicans. Last week the new company, awaiting $1,000,000 worth of machinery from England, was already clearing its 72-acre site on Kingston Harbor...