Word: steams
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Dates: during 1950-1959
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...capital equipment. The foreign customer must pay 20% down; the U.S. exporter must finance 20%, and the Export-Import Bank will lend the rest. The two first credit lines under this policy: $4,000,000 to The Oliver Corp. (farm implements); $6,000,000 to Combustion Engineering, Inc. (steam boilers...
...lone remaining Truman appointee. He told the Joint Committee that some features of the contract did not serve the best interests of the U.S. AEChairman Lewis Strauss decided to negotiate for contract changes which Murray wanted, knowing he needed Murray's approval to take some of the steam out of the Democratic attack...
...furor on Capitol Hill, Dwight Eisenhower threw his weight more firmly than ever behind the Dixon-Yates plan for building a $107 million private power plant at West Memphis, Ark., and against the alternative of making a Government outlay of about that much for additional Tennessee Valley Authority steam-generating capacity. The question involved, the President pointed out, is broader than Dixon-Yates. It is: Should the Federal Government perpetually expand its role in the power industry? In a letter to Chairman "Stub" Cole of the Joint Committee, the President wrote: "If the Federal Government assumes responsibility in perpetuity...
Dixon, who lives in Tenafly, N.J., has been in the utility business since he became a clerk for the Electric Bond & Share Co. after his graduation from high school in 1922. Among other business connections, he is a vice president of Electric Energy, Inc., which is building a steam plant to supply the AEC's Paducah, Ky., installation. Yates, an engineer (Rutgers '02), worked for five years on two railroad tunnels under New York's East River, since 1911 has spent much of his time in the South. As vice president of Wendell Willkie's Commonwealth...
...were right, in our opinion, Mr. President, in deciding that TVA ought not be permitted to expand farther beyond its natural boundaries at general taxpayer expense; that AEC should buy its additional electricity requirements from privately built steam plants which paid interest on investment and taxes on profits. But in our view, the AEC has been pitched into the role of "power broker" for TVA. The AEC has much more important things to do. It should be able to buy directly all the power it needs for its own vital work. The contract should go to the lowest competent bidder...