Word: symington
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...guiding finger on domestic matters. During the week he: ¶Appointed St. Louis Banker John W. Snyder to be War Mobilization and Reconversion Director (see below). ¶ Asked Congress to abolish the three-man Surplus Property Board, put the job under one man (presumably Businessman William Stuart Symington III of St. Louis, his appointed chairman). ¶ Ordered the Petroleum Administration to take over and operate the strike-threatened (C.I.O.) butadiene plant of Sinclair Rubber Inc. at Houston. ¶Asked "any patriotic American" who could to go to work on the western railroads, to help move men and supplies Pacificward...
Forthwith, Symington must determine what is worth the attempt to sell. He can be reasonably sure that the $65 billion of tanks, planes, ammunition and other combat items will have little resale value. But there will still be $25 billion of salable items (merchant ships, plants, tractors, trucks, clothing...
...smart, energetic industrialist from St. Louis, W. Stuart Symington III. moved in as the new boss of the Surplus Property Board this week. Thereby he took on one of the toughest administrative jobs in Washington-the disposal of roughly $90 billion of surplus war property held by the Government (TIME, June...
...make the confused Surplus Property Act of 1944 work. When it was passed, it was loudly damned as unworkable. Retiring Board Chairman Guy M. Gillette did little to take the curse off, laid down no clear-cut policy to sell the billions to come. To get rid of it, Symington will need to flavor caution (to keep property out of the hands of fly-by-night promoters), with shrewd sales promotion. He will have to find new uses for old products...
...will supervise the sale of billions of dollars' worth of war property to U.S. business, is no stranger to U.S. businessmen. In 1938, when he took charge of Emerson Electric, the company was operating at a loss; in two years it was in the black. More sensationally, Stu Symington sat down with Bill Sentner, boss of the C.I.O.'s United Electrical Workers in St. Louis and one of the country's few Communist labor leaders who frankly calls himself a Communist. Together they worked out a successful labor-management plan, adopted a profit-sharing program...