Word: laughlin
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Reagan's candidacy has already drawn the fire of the other G.O.P. hopefuls. "I don't intend to go into any background," says George Christopher, a moderate Republican and former mayor of San Francisco, "except his complete and utter lack of qualifications." Says Laughlin Waters, former U.S. attorney in Los Angeles and another moderate contender: "I'm all for on-the-job training but not at the gubernatorial level." Reagan has refused to be drawn into an argument with his fellow Republicans, says: "I will have no word of criticism for any Republican." He believes that California...
Lift in Output. The two trends together have touched off the greatest migration and building program in the steel industry's 101-year history. U.S. Steel and Inland, both longtime Chicago producers, have major expansion programs under way to add furnaces and finishing mills. Jones & Laughlin will erect a ground-up $600 million plant at Hennepin, 111. (TIME, July 9). Bethlehem is spending $400 million on a 3,300-acre complex of finishing mills at Burns Harbor, Ind. Youngstown Sheet & Tube is laying out $375 million for a blast furnace and finishing mills at East Chicago, and Midwest Steel...
...most important U.S. executive ever indicted under the Sherman Anti-trust Act appeared last week for sentencing in Manhattan's U.S. District Court. Facing a possible one-year jail term and a $50,000 fine was Jones & Laughlin President William J. Stephens, 58, who had pleaded no contest to Government charges that from 1955 to 1961, while he was a sales executive of Bethlehem Steel, he had met with other industry men in Manhattan hotel rooms to rig some prices on carbon sheets, the commonest grade of steel. Also facing the same sentence was a lesser executive, James...
...sojourn in Italy this summer, a Manhattan couple came armed with H. V. Morton's A Traveller in Rome and A Traveller in Italy, Luigi Barzini's The Italians, and a clutch of Moravia novels. Another species of Experience Maximizer is represented by Washington's Laughlin Phillips, a former State Department officer, who during shore vacations in Maryland cracks nothing but shellfish and books on shellfish...
When the indictment was handed down last year, steelmen were openly resentful, and Bethlehem went so far as to accuse the U.S. trustbusters of digging up "ancient history" to "harass" the industry. By last week tempers had cooled, and steelmen seemed relieved. Wheeling, National and Jones & Laughlin all called their no-contest pleas "appropriate" under the circumstances. Bethlehem said it was "satisfied" that the disposition of the case "is in the best interests of the company and its stockholders...