Word: timken
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...progressive Timken Roller Bearing Co., a railroad supplier for 37 years, last week went out of its way to offend one of its best customers. In full-page newspaper ads, run in 23 U.S. cities, it stingingly rebuked the railroads for technical backwardness, urged them to avoid "serious freight congestion" by converting all their freight cars from friction bearings to roller bearings at once...
Roller bearings, said Timken's intrepid ad, would permit "one-speed" railroading (identical speeds for freight and passenger trains), would accelerate the whole defense program, save building many new cars. Other roller-bearing claims: 1) starting resistance reduced by 88%; 2) elimination of hotbox delay; 3) reduced maintenance costs...
Father of this brain child was a hulking ex-artilleryman from Georgia named Walter C. Sanders, who has bossed Timken's railroad division for 20 years. During all that time Sanders has had one passionate reverie: all U.S. railroad equipment on roller bearings-preferably Timken. His first break came in 1926 when the Milwaukee put roller bearings under its passenger trains. Now scores of U.S. streamliners, hundreds of crack passenger trains roll on rollers. But the whole U.S. coach and Pullman market is only 39,000 cars...
...Timken Roller Bearing is now the No. 1 electric-furnace operator, but it uses a large part of its steel output in its own plants...
...Insull empire under, American Gas, doing business next door (in Indiana), was comfortably earning nearly twice as much as its preferred dividends, was investing spare cash in bankers' acceptances. Remarkable is this liquidity and solvency for a system dependent in good part on such feast-&-famine businesses as Timken Roller Bearing (at Canton, Ohio), American Rolling Mill (at Ashland, Ky.), International Nickel (at Huntington, W. Va.), then very much depressed...