Word: mr
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Dates: during 1920-1929
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...Republic-Youngstown amalgamation, which has on several occasions appeared all but ratified, may yet be arranged, and Chicago's Inland Steel Company, in which Mr. Eaton is heavily interested, is also a potential member of the combination. The Republic group at present lacks a rail-making member-a gap which Inland would fill. Present ranking of the leading steel companies...
...several shadows thrown before the Republic merger event was last month's (TIME, Nov. 4) resignation of Tom Mercer Girdler from the presidency of Jones & Laughlin, Pittsburgh's great "family" steel company. Last year Jones & Laughlin made Mr. Girdler president, having heard that the Eaton interests were negotiating with him, so that his departure from Jones & Laughlin indicated that Mr. Eaton had some large fish ready to fry. Mr. Girdler, who has spent nearly 30 years in various steel mills, swears vigorously and always keeps his hat on, to be ready for emergency calls...
Perhaps a very farsighted steel observer could have forecast the Republic merger as long ago as April 1928, when another steel man in whom Mr. Eaton was interested also changed jobs. This man was Elmer T. McCleary, who, after 22 years with Youngstown Sheet & Tube, left its vice-presidency to become president of Republic Iron & Steel. Under the McCleary administration Republic acquired Sheet & Tube, and in 1929 will more than double its 1928 earnings. McCleary habit: to work 12 hours a day 365 days a year. McCleary pride: the new electrical welding process which Republic acquired in taking over...
Essential to Mr. Eaton is the assistance of able steel men for Mr. Eaton knows little of steel and, like a chemist's catalyst by his mere presence hastens reactions in which he has otherwise no part. "I am,'' he himself has said, "only an investor." Born in Pugwash, Nova Scotia, he graduated from McMasters University, Toronto, and, in 1906 arrived in Cleveland with the Baptist ministry as his chosen career. Before ordination, however, he became interested in public utilities, left the ministry in favor of Cleveland street railways. Next he went to Iowa, bought up options...
...Mr. Eaton is a member of ten clubs, including a fishing club and two hunt clubs, one of which, at Northfield, Ohio (where Acadia Farms, his summer home, is located) he founded and subsidized. He has made many gifts (one of $250,000) to McMasters University, also to Denison University (Ohio), and is a University of Chicago trustee. On a visit to his home town of Pugwash he disliked the hotel accommodations, so undertook a campaign of municipal improvement which included the straightening of Main Street, a park, and a new hotel. Shortly after these improvements, the whole town...