Word: steeled
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Dates: during 1930-1939
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Before press conference the President arranged to have a written question submitted asking whether he agreed with U. S. Steel's Benjamin Franklin Fairless that steel prices could not be cut without cutting wages. The answer, written out, he read to reporters in the best Roosevelt manner, tossing his head from side to side, stopping once to point out how he used monosyllables so anyone could understand. Excerpts...
...treasury -after contributing $500,000 to the National Democratic Committee in 1936, spending $550,000 on elegant new quarters in Washington and lending $2,000,000 to the C. I. O. and its various affiliates. Its vice president is Chairman Philip Murray of the Steel Workers Organizing Committee, its secretary-treasurer is Lieut. Governor Thomas Kennedy of Pennsylvania and its president is the most potent labor leader...
...soldiers under a Lieutenant Huisse, assisted by several municipal chemists and police, started carrying the packing cases to the waiting trucks. One clumsy soldier let a case fall. With crash after crash that broke windows a mile away, the cases exploded. The trucks were left two tangles of twisted steel in a puddle of burning oil and blood. Fourteen men were killed instantly. Parts of the bodies were blown 200 feet away. Only four of the 14 could be identified. Minister of the Interior Albert Sarraut promised a formal state funeral for the remains...
There still remain forty metal groups whose alloy characteristics have yet to be studied, and whose possible industrial application is still in its infancy. Their development may mean as much to industry as the relatively recent development of such alloys as stainless steel, or tungsten carbide used in high speed machinery...
...financing dwindled away to a paltry trickle late in 1937 when two big issues met disaster in the same week. One of these (some $44,000,000 in Pure Oil stock) had to be impounded when the public refused to buy and the other ($48,-000,000 in Bethlehem Steel debentures) could be sold only at a loss of about $1,725,000 to the underwriters (TiME, Oct. 18). Since then by conservative estimate $150,000,000 in new financing has been held back in hope of a better market. Last week, just as bank officials were bemoaning the situation...