Word: weir
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...industrial friendships, particularly in the steel industry. Inland Steel and Youngstown Sheet & Tube have long been clients, and last year the firm assisted President Tom Mercer Girdler with his Republic Steel merger plans. Last week Kuhn, Loeb was preparing to market $50,000,000 of bonds for Ernest Tener Weir's National Steel-a big industrial issue even in Kuhn, Loeb's long records...
Last year, having won what he tersely referred to in his annual report as "the case of the U. S. v. Weirton Steel Co." (famed test of the Recovery Act's labor section), Chairman Weir, found time to ponder finances. Mr. Weir thinks that a big debt is a good thing for a company because it makes everyone work harder but he saw no reason for paying 5% for nearly $40,000,000 of borrowed money when he could pay 4%. Moreover, he was planning for his Detroit plant a new wide strip sheet mill, which is an appallingly...
Makings. The facts that went into the making of this issue were fairly simple. With the coming of the Blue Eagle, plant elections were indicated at Ernest Tener Weir's steel mills at Steubenville, Ohio, Clarksburg and Weirton, W. Va. At the last minute the old National Labor Board issued a new set of election rules which Mr. Weir rejected. Thereupon in December 1933 he held an election of his own which resulted in a thumping victory for Weirton Steel's company union. Disgruntled leaders of Amalgamated Iron, Steel & Tin Workers, an American Federation of Labor affiliate...
Significance. "A complete vindication," beamed Steelmaster Weir, as he boarded a boat for a Bermuda holiday. Businessmen in general did not try to hide their smiles of satisfaction. In the midst of the general chorus of groans from Washington, no Administration voice of protest was heard, but NRA's lawyers announced at once that they would carry the Weirton fight to the Supreme Court...
Died. General Walker Burford Freeman, 91, honorary commander-in-chief of the United Confederate Veterans; in Richmond. He was the father of Dean Allen Weir Freeman of the Johns Hopkins School of Hygiene & Public Health, of Editor Douglas Southall Freeman of the Richmond News Leader who last week published the last two volumes of his biography of Robert...