Word: stettiniuses
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...final tatters of respectability were ripped last week from the old highfalutin promise that U.S. aluminum production capacity was plenty big enough for all needs. The Office of Production Management, whose high-rankers were parties to the mistaken promise, announced through OPM's Ed Stettinius aluminum's prospects for June. They were not pretty: defense was going to take nearly 100% of the month's production...
...Administration had won a quick victory during the week over the House-approved Cox amendment, which would have set up the Priorities Division separately from the defense bureaus, would have frozen into place as Priorities Director snow-crested, urbane Edward R. Stettinius Jr., and would have subjected all priorities to the final veto rulings of the Army and Navy Munitions Board...
Alcoa's Davis and OPM's Edward Stettinius, on whose judgment this testimony reflected, did not testify last week. Other testimony: > A young OPM economist, Grenville R. Holden, testified that although he had no special knowledge of aluminum production, he passed on aluminum matters. He had a distinct preference for Alcoa, had a hard time explaining why an offer by Detroit's Bohn Aluminum and Brass Corp. to build new capacity was rejected. > Said the chief Alcoa witness, senior Vice President G. R. Gibbons: "No corporation in the U.S. has . . . done more [than Alcoa...
...Congressional point of attack was a measure sought by the Administration, to give the President statutory powers over many industrial fields in which he now has only the powers of persuasion, as exercised by the Priorities Director, now Stettinius. So far the Administration has only had legal powers in Army and Navy contracts, but lacked mandatory priority power over contracts of the British and other foreign governments under the Lend-Lease Act, over industrial contracts for the expansion of production of scarce but vital materials, over other Federal bureau contracts (Maritime Commission, Panama Canal...
...Representative Eugene ("Goober") Cox of Camilla, Ga.; and bumbling Representative Carl Vinson of Milledgeville, Ga., self-appointed watchdog of the interests of the Navy's high command. Together they suddenly proposed an amendment which was designed to freeze the old and new priorities powers under OPM's Stettinius; give official status to committees of industry, and make all priority rulings finally subject to approval by the Army and Navy Munitions Board. Further: to warn against the probable coming ouster of Stettinius. appointment of anyone as Priorities Director would be subject to confirmation by the Senate...