Word: opm
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Dates: during 1941-1941
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Last week, before the Edison Electrical Institute meeting in Buffalo, OPM's William Loren Batt made the shortage sound more ominous. Estimating that 1,000,000 new kilowatts were required for expanded aluminum output alone, he recommended the extension of daylight saving time all over the nation. SEC Chairman Eicher chimed in: "Competent authorities are predicting that serious generating deficiencies will be encountered in many areas...
Papa did just that. OPM responded to the Ickes blast by repudiating Mr. Kellogg and his optimism, said he must have spoken "in his private [non-OPM] capacity," since "this office is not in agreement. . . . On the contrary, representatives have been . . . developing a program to provide additional power...
...Government in competing with Alcoa. This must come as a blow to 0PM Economist Grenville Ross Holden, who has fought aluminum expansion plans (unless they were Alcoa's) all along the line. Young Holden, who left Eastman Kodak to handle aluminum and magnesium matters for OPM, admitted to the Truman Committee last month (TIME, May 26) that he had no special knowledge of aluminum, and also refused to give any good reason why expansion plans of Bohn Aluminum & Brass had been blocked...
Despite the 6.4-million-ton shortage already in sight, Mr. Dunn's second report took a stand against wholesale expansion even firmer than his first. Stacy May, head statistician for OPM, had predicted a 1942 demand of 120.4 million tons, almost 30 million tons above present capacity. Mr. Dunn regarded this figure as inflated, notably on the side of civilian needs.* He therefore shaved it to 102 million tons, for a starter. Then he averaged it with American Iron & Steel Institute's lower estimate (92.6 million tons), with the frank admission that either figure might be right. This...
Last week's report made such bad reading that even habitually sanguine Franklin Roosevelt could think of no comment beyond predicting general priorities on steel. Next day priorities came. OPM's Stettinius announced that he and OPACS's Leon Henderson would allocate 75% of steel production (the share not now going to defense and Britain) among competing civilian needs. Graceful living was clearly due for another shock...