Word: talonic
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...unless Washington grants a reprieve, Meadville's boom is doomed. Talon, which furnishes 5,219 of the city's 9,000 industrial jobs, means as much to Meadville as auto plants to Detroit. Talon's payroll for the first six months this year was $4,008,085-at the rate of about $1,500 a year for every one of Meadville's families. Its union contract (A.F. of L.) provides a 50?an-hour minimum for beginners; its women employes averaged $29.40 a week last year. Many a western Pennsylvania schoolteacher has become a Talon factory...
...borrowed $800,000 through the Federal Housing Administration. So far the project has paid its way. In four years $81,000 has been paid on the mortgage out of operating profit-$12,000 more than the amortization plan called for. But 93 of the tenants work for Talon...
...Talon does not get its metal, Meadville will get-and get good-what it escaped in 1932. Said white-haired Chamber of Commerce Secretary M. Ward Williams last week: "Meadville's never thought it was bigger than Uncle Sam, and if he tells us we've got to take it we will. But we'll think it's unfair as hell...
...Business. Talon Inc. began with the harebrained idea of Inventor Whitcomb L. Judson, who had trouble lacing his shoes and decided that there must be an easier way. It grew up under Colonel Lewis Walker, who wore Judson's invention on his high-topped shoes and gave up law at the age of 60 to devote his full time and fortune to making Judson's "clasp locker and unlocker" a success...
Argument for Priorities. Last month William C. Arthur, Talon's president since 1939, went to Washington to present the zipper industry's plea for survival to OPM-OPACS. Because slide fasteners have tiny parts with precision fittings, the industry had to use an easily workable copper base. Talon made its fasteners of either nickel silver (65% copper, 18% nickel, 17% zinc) or gilding metal (85% copper, 15% zinc). But to operate at the last twelve months' rate (440,000,000 fasteners), the industry needed just 6,300 tons of copper a year (.6% of U.S. production...