Word: autos
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Dates: during 1930-1939
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...John Blish and West Pointer John Taliafer Thompson whipped up the first submachine gun, they knew they had something. By the time Commander Blish died in 1926, Brigadier General Thompson, full of honors from long service, had long since retired from the army to become chief advisory engineer of Auto-Ordnance Co. Chief financial backers were Capitalist Thomas Fortune Ryan, who held 51% of the stock, and George Harvey, who held a smaller block. Onetime Ambassador to the Court of St. James's, Harvey went to his grave soft-pedaling his interest in the company which sold 750 choppers...
Between 1921 and 1928 Auto-Ordnance, doing a small, tidy business, sold more than 6,000 Thompsons for a gross of $1,330,000. In 1928, however, death came to Thomas Fortune Ryan. Manhattan's Guaranty Trust Co. became executor, Elder Statesman Elihu Root the lawyer, of the $135,000,000 Ryan estate. In kindly Pacifist Root's scheme of things, the sale of man-killers had no place. Quietly he put Auto-Ordnance on the shelf. The Thompsons, father and son, had done a good selling job, were on the way to making it better, but under...
...United Automobile Workers of America last week showed its muscle by winning exclusive recognition (but no closed shop) from the Briggs Manufacturing Co. in Detroit, called off a strike which had tied up Chrysler and Lincoln plants as well, by depriving them of Briggs auto bodies (TIME, June 12). Having just taken his minority U. A. W. back into A. F. of L., President Homer Martin thereupon displayed his muscle. He demanded that big General Motors recognize his union to the exclusion of C. I. O., called a strike in three G. M. plants and threatened more...
...Martin had some luck at one of the subsidiary Fisher Body Corp.'s two plants in strike-worn Flint, Mich., little luck elsewhere. "A complete failure," chortled C. I. O.'s Auto-President Roland Jay Thomas...
...Steel were forced to share popularity with stocks which speculators seldom bother with: food stocks-Standard Brands, National Biscuit, Kroger Grocery -even such a market bush-leaguer as Safeway Stores (third in number of stores, second in sales volume among U. S. food chains). Meantime steel, auto, chemical stocks bobbed indecisively up & down...