Word: buildings
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Dates: during 1940-1949
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Painful Exigencies. Stirring around in the chaotic confusion that after six weeks of peace still prevailed throughout unoccupied France, Minister for Youth and Family Jean Ybarnegaray attempted last week to extricate French youth. Aping the Nazis, he organized "Youth Groups," his goal being to build strong Frenchmen by sport, work and "directed, clean living while still young ... to prepare youth morally and physically to meet the painful exigencies of existence...
From then on, Ab Jenkins' hobby became his profession. Backed by manufacturers of tires, oil, gasoline, he began to build racing cars, drive them in endurance runs. In 1932 he "discovered" Utah's Bonneville Salt Flats. On its marble-hard salt, 4,300 ft. above sea level, he set his first endurance record with a 24-hour grind at an average speed of 112 m.p.h. When he upped his speed in 1933 and 1934, British auto racers sat up and took notice. To Bonneville with their 6-ton monsters went Racers George Eyston and John Cobb...
Thus did Funk blast the cartel scheme with which, at last week's Havana conference, the U. S. was trying to build a solid hemisphere front. Well did Herr Funk know that the U. S. (with her exportable surpluses of agricultural products) would not be able to buy enough from South America (which has mainly agricultural products to sell) to provide her with the money to buy the products of U. S. industry. But Germany (and all Europe), which needs food and raw materials, could pay for them with the industrial products South America lacks. Most disquieting thing about...
...plants, said Bethlehem's boss, mackerel-jawed Eugene Grace, are adding or about to add to their capacity. Through its shipbuilding division, Bethlehem is also the U. S. Navy's No. 1 private supplier. For the sake of a two-ocean fleet, the U. S. Government is building (and taking title to) additions to Bethlehem's shipyards. Bethlehem engineers, said Steelmaker Grace last week, are expanding its San Francisco yards to build destroyers, converting its ship-repair facilities at Staten Island into ways for smaller ships...
...last week lent Wright Aeronautical Corp. $92,000,000 to build a whole new airplane engine factory near Cincinnati (see p. 77). Day before, Henry Morgenthau Jr. had authorized (for tax purposes) a five-year amortization of such plants if the land is taken on lease. Thus was cracked, perhaps broken, one of Defense expansion's chief bottlenecks-the reluctance of manufacturers to go on a long-term hook for new war-term capacity...