Word: smith
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Dates: during 1940-1949
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Could Harry Truman open them? Could he break the union, even if he wanted to? A determined and sweeping Government assault could include prosecution, under the Smith-Connally Act, of Lewis and all his district leaders; seizure of the funds of all districts; an attempt to dissolve U.M.W. as a monopoly; the freezing of U.M.W.'s $13.5 million treasury; a request that company stores deny credit; operation of the "strip" mines by the Army; a heavy daily fine for as long as the strike continued. But this would be the extreme of extremes...
...Columbia University's fifth annual Conference on Religion last week. Economics Professor William A. Orton of Smith College spoke a mighty mouthful. Said...
...Assets Administration had kept its decision to itself. But it was an open secret in Washington that the most favored of the 16 bids had come from Big Inch Oil, Inc., headed by Charles Howard Smith, an old hand in the fuel business. WAA aides even gossiped that Smith's company, which had offered $110,000,000, had been given the final okay by WAA Boss Robert M. Littlejohn...
Fantastic Nonsense? To the bidders, this seemed like 1) nonsense and 2) the biggest of all WAA's blunders. Snorted Oilman Smith: "Fantastic." Actually, the Army-Navy board told WAA last month that it had no preference as to oil v. gas. And if WAA was going to permit the lines to be used for gas, then Littlejohn's complaint that bids were too low made little sense. Many of the bidders would gladly have raised their bids considerably if WAA had told them they could pipe gas (gas securities are more readily marketed than oil securities...
...Oilman Smith estimated that he could clean out the lines in two weeks, have oil pouring out the Eastern outlets in another two weeks. Their emergency use for gas was out of the question. Reasons: compressor pumps would have to be installed all along some 1,500 miles of pipe, and feeder lines built-a year's job. But, thanks to WAA's latest bungle, there seemed small chance that the pipelines would be used for months, for anything...