Word: tools
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Dates: during 1930-1939
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Unique in industrial life are machine tools. They not only make all other machines but can also reproduce themselves. Composed of scores of small companies, many family-owned, the machine-tool industry is really more basic than steel, for it takes machine tools to make the machines which make steel. Machine-tool orders are a prime index of the business outlook, reflecting as they do businessmen's confidence in adding new equipment or in replacing the old or obsolete...
Last week the Association of Machine Tool Manufacturers reported that orders booked in June were at a new high since 1929. The Association's index rose 8% from May to 128.8, which was 41% above a year ago. The May-June gain was recorded in the face of an actual drop in foreign orders, an important item with U. S. machine toolmakers. Except for 1929 and a few months in 1928 business was better than at any time in the past 16 years. The shortage of good machinists, noted early in Recovery, had become so serious that many...
...Born 62 years ago in Burlington, Vt., where his father was a physician, Arthur Atwater Kent was sent to Worcester (Mass.) Polytechnic Institute on the strength of his youthful preoccupation with electrical and mechanical gadgets. After graduation he worked for a little New Hampshire tool company. In Philadelphia in 1902 he set himself up as a maker of batteries, battery testers and intercommunicating telephone systems. His first plant was in a loft where the floor cracks were so wide that he never needed a dustpan...
Some worn old tool of my own, Will be turned up by the plow, The wood of it changed to stone, But as ready to wield...
...general the Socialists and other Leftist parties believe in friendship with Germany, strict adherence to the League of Nations, reduced taxes and extended credit (i. e. modified inflation). Rightist parties clamor for French security maintained by force of arms, the League as a tool of French foreign policy, less government interference in business, and the gold standard forever...