Word: wars
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Dates: during 1940-1949
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Like a nation preparing for war, the mighty Du Pont empire had been carefully preparing its defenses and enlisting allies for a momentous struggle to keep its empire intact. Only two weeks ago, it split its high-priced stock ($179), thus bringing its price down to $45 so that smaller investors could buy it, and, in effect, become Du Pont's allies. Last week, the expected assault began. Attorney General Tom Clark filed an antitrust suit in Chicago's Federal Court to break the $1,585,000,000 Du Pont holdings into at least four pieces...
...Government itself had, in fact, been trying to get Du Pont to expand. The Atomic Energy Commission has been vainly begging Du Pont, which ran the Hanford atomic plant during the war and then got out lest it be tagged as a merchant of death again, to put its vast resources back to work on atomic energy. But as long as Tom Clark thought Du Pont was too big, there was small hope that Du Pont would accede to AEC's plea to grow bigger...
America's biggest bargain counter closed down last week; the War Assets Administration officially expired. For the $25.2 billion worth of surplus property (original cost) which WAA sold in a little over three years, it got $4.2 billion...
...Peddling war plants, fishhooks, girdles and bulldozers, WAA had a peak of 58,795 workers, more than 100 offices. WAA still has on its books $1.8 billion in property, mostly real estate. Like other Washington bureaus which have outlived their usefulness, WAA will not die completely. Most of its 2,550 employees will be transferred for close-out bookkeeping chores to the new General Services Administration...
...Himalaya; in Sussex, England. Graduating from. Swiss Alpine feats to bigger things (Kinchinjunga, 28,146 ft, 1930; Kamet, 25,447 ft., 1931), Smythe tackled Everest (29,141 ft.) in 1933, reached the 28,000-ft. level, had to turn back after trying alone for the summit. During the war he trained U.S. and British troops in mountain warfare...