Word: steele
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Dates: during 1920-1929
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Pipes. Recent elections of directors and officers have tied together, although not merged, the Universal Pipe & Radiator Co., the Pressed Steel Car Co., the Blaw-Knox...
...also said that big business demands and gets, because of contributions to the Republican campaign fund, almost any tariff rate it wants. You charged that giving to the steel men, to use your example, a tariff of 25 per cent was robbery, but you added that you were ready to give 10 per cent., 15 per cent., 20 per cent., 22 per cent., 23 per cent., or even as high as 24 per cent. Economists are agreed that all protection, except to "infant" industries, means robbery and that the high American standard of wages is not due to tariff...
Almost tearful were the pleas for protection voiced to the Conference by many an industrialist delegate, including one from Sheffield who cried: "Forty-three more of our blast furnaces have been shut down in the past twelve months! If the steel industry isn't safeguarded, I predict that not a single blast furnace will be operating in England by the spring...
...Prime Minister, who lost the election of 1923 on the "Safeguarding" issue remained deaf to all such pleas, although he himself is in the steel business, and only said...
...Mercantile Corp. won the non and lucrative U. S. stamped envelope contract, making a tidy profit for Stockholder Myron Charles Taylor, now a potent U. S. Steel executive.* Not until 1917 was the contract wrested away from the Mercantile Corp. In that year, the Middle West Supply Co. submitted low bid. And as this contract is not transferable, the only way for the Mercantile Corp. and Stockholder Taylor to regain it was to buy the Middle West Supply Co. This they did. They were not again disturbed in its possession until last week...