Word: wpb
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Dates: during 1942-1942
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Last week ODT and WPB were studying the carriers' carefully pruned minimum new equipment needs for the year commencing in October. If WPB sees fit, the railroads intend to order...
Earlier in the month the picture had looked brighter. One WPB prophet made the headlines with the cheery prediction that not eight, but nine million tons of ships could be expected this year...
...morale-boosting headlines do not make a war-winning merchant marine. The day after the optimistic WPB statement, Admiral Vickery of the Maritime Commission told the House merchant marine committee what had happened. WPB's steel division had slashed the 418,000 tons of steel plate needed by shipyards in August to 368,000 tons. Because of this steel shortage all shipyards were slowed down. Todd's Richmond yard had six of 21 shipways idle, Bethlehem-Fairfield with 16 ways and Calship with 14 ways each had two idle...
This is a huge order: the 50,000 machines needed by Helvering's bureau alone total 30% of a normal year's output of all business machines (excluding typewriters). Worse still, WPB has already cut most office equipment companies to 70% of 1941 production, has ordered a dead stop by year...
When & if the tax is passed, the Treasury has one partial solution: it can get some machines from WPB's stockpile. The Government doesn't worry about what private employers will...