Word: thoughtful
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Dates: during 1940-1949
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...boss of the small Akron, Canton & Youngstown Railroad, Harry Bartlett Stewart Jr., 44, had spent half his life shipping coal. But Bart Stewart thought there was a better way to do it than by train. Last week, he formed a company to build the longest conveyor belt in the world to haul coal and ore. It would stretch from Lorain on Lake Erie for 103 miles south to East Liverpool on the Ohio, with branch belts to Cleveland and Youngstown...
...Small, Too Slow? But all this private and public effort was neither fast enough nor big enough for Cap Krug and his Under Secretary Oscar L. Chapman, who last week called for a doubling of the U.S.'s generating capacity in the next ten years. Chapman thought that the U.S. would be short of power for years. Private utility companies disagreed. They guessed there would soon be a surplus, unless a new demand was created. To create that demand, the Edison Electric Institute last week started a nationwide drive for all-electric kitchens...
...these grass-roots owners are aware of their ownership. Last year, an aged woman walked into Merrill Lynch's Pittsburgh office with a package of yellowed stock certificates she had found in an old bureau drawer. She thought they were worthless, but had borrowed 30? carfare to go to the office to make sure. The stock was worth...
Hopefully, the government pushed its )ill to set up a Film Finance Corporation with $20 million to help the ailing industry back on its feet over the next five years. But nobody in the industry thought hat the government fund could work a cure by itself; they hoped it would lure private capital back into the films. And he most enlightened knew that in any event the bankers would first want the moviemakers to mend their extravagant ways...
...signs. A small independent producer had just turned out a promising feature for $500,000. Called Obsession, it had been brought in under its budget by Director Edward Dmytryk, one of Hollywood's "unfriendly ten." The bigger producers, including Rank, had been making economies too, but insiders still thought that production costs were much too high. The titans were studying the lesson already learned (if not always practiced) by Hollywood: the only way out of the slump was to make better pictures for less money...