Word: toolings
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Dates: during 1940-1949
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...agencies, they have backed away right and left at their powers, until only a maimed carcass is left, which they would probably be only too glad to see thrown away also. But the New Dealers, including Dean Landis, are idealistic about agencies, and see in them an important tool in the hands of a government working on all fronts for the "general welfare." It seems to them pure atavism to scrap the idea that it is a fine thing to assemble a group of experts and give them fairly sweeping powers to regulate some phase of national life. But this...
Last week the food wagons rolled 24 hours a day, because the machine-tool industry is in mid-boom. Few of its 350 plants do not work around the clock. Big toolmen say in a spirit of cheerful frustration: "We can't make a dent on the back-log." The industry makes possible modern assembly lines-it makes the machines that make machinery, machines that make parts so accurately that they can be used interchangeably in any one of a series of airplanes, automobiles, cannons, egg beaters. When a manufacturer develops a new model or expands his productive capacity...
...machine-tool industry is no monster economic unit. In a big year like 1937 it may gross $200,000,000, about as much as the automobile industry (cars and trucks) may gross in a month. When other industry stagnates, it stagnates too, and its grey-haired veterans switch their diamond-studded long-service pins from their overalls to the lapels of their best blue suits. The companies that make machine tools are as individualistic as their workmen. Most of them started as small family enterprises, and have not far outgrown that stage. Because of their independence...
...typical of the business on hand was the backlog of one of the big machine tool makers, Niles-Bement-Pond Co., which last fall got out of its antiquated 23-building plant in Hartford, Conn., and moved across town to a new factory under a single roof. N-B-P, which operates the Pratt & Whitney* tool works, last week had a backlog of $8,700,000, up 400% from last year. Its bulky president, 65-year-old Clayton Raymond Burt, who served his toolmaking apprenticeship with big Brown & Sharpe back in the early 19005, like the rest of the industry...
...this boom in machine tools, the U. S. aircraft industry, with a backlog of $750,000,000 and $1,000,000,000 more in sight in Allied orders, was chiefly responsible. But many other domestic orders were keeping toolmen on the hop. The automobile industry, which spent handsomely for 1940-model tooling, is already handing out fat orders for 1941 models. Army and Navy have been buying heavily and secretly for their industrial mobilization plans. Topping all is an expanding export trade for aircraft plants and arsenals in Europe, particularly France, Great Britain and Sweden. In normal times exports take...