Word: weirton
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Dates: during 1930-1939
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Steelman Millsop to the presidency of his Weirton Steel Co., making him, at 37, the youngest chief executive in the business. Steelman Millsop quit an open-hearth job to spend three years as a combat pilot with the Canadian and U. S. air forces. After the War, he barnstormed for a while as a stunt flyer, later returned to steel in the blast-furnace department of Youngstown Sheet & Tube. After a few months he moved over to drive rivets for Standard Tank Car Co., shortly shot up to the production manager's desk...
Died. John C. Williams, 60, co-founder and president of West Virginia's Weirton Steel Co., which in 1933 obtained the first court decision outlawing Section 7A of the National Industrial Recovery Act; of a heart attack; in Weirton...
...Other steel companies which followed U. S. Steel in granting paid vacations included Jones & Laughlin, American Sheet & Tin Plate, Youngstown Sheet & Tube Co. Steelmen estimated that vacations would cost the industry $9,000,000. Ernest Tener Weir's Weirton Steel offered employes the choice of a paid vacation or double pay for working straight through...
...they were desperately disappointed, for instead of gaining they lost ground. Many industries, distrustful of the A. F. of L., encouraged their employes to form company unions. The A. F. of L., with the aid of the National Labor Relations Board, was unable to crash the steel industry when Weirton Steel worsted them in court, failed to crash the automobile industry when Franklin Roosevelt negotiated a settlement of the threatened automobile strike on the basis of proportional union representation.* After 21 months of Section ya, the A. F. of L. had actually lost ground: it claimed some...
...three Weirton wisemen have been dropping in on Partner Strauss for the last few months whenever they were in Manhattan. Last week the result of their conversations was dispatched to Washington as a registration statement for $50,000,000 of 4% National Steel bonds. About $40,000,000 of the proceeds will be used to pay off other bonds bearing higher coupons, the $10,000,000 balance representing new capital for expansion of the Detroit plant...