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Before answering the second question, it is well to recall that almost a year ago, at the peak of the tenure controversy, Dean Ferguson stated that the loss of a large number of assistant professors would not seriously affect undergraduate instruction. This was figuring pretty close in Slavic, but at that time it did seem just possible to fill the gap created by Simmons' departure. Over the summer, however, two new developments put the Slavic department out on a limb: a Teaching Fellow who had been counted on to share part of the load left for a job in Washington...
...steel industry is notoriously unstable. Whenever it approaches peak operations, blows in its last 10% of becob-webbed furnaces, farsighted businessmen begin to expect sudden collapse. Last week steel was flying all the danger signals. Some companies were feverishly running furnaces that could use relining, fearful that time out for repair would lose them business. Deferring repairs is steelmen's standard practice in a boom, the theory being that steel booms rarely last long enough to cause serious breakdowns...
Prosperous in war, the Cramps could not thrive in peace. In 1903 they lost control of their yards to the Morgan-Drexel banks, which later passed it on to the Harrimans. During World War I, Cramp's reached its all-time peak with 11,000 workers, built 46 destroyers and five transports in two years. But in an age of disarmament there was no place for Cramp's. Bidding too desperately for Navy business, it lost $5,741,000 in 1926. The next spring the huge 62-acre yards closed their gates...
...Peak hours in the Memorial Hall ratrace, according to last year's figures which are contained in Hooper's report, are between eleven and twelve o'clock on Friday, and between ten and eleven on Saturday and Monday...
Construction. In 1937, again in 1939, consumer-goods booms collapsed before construction could get started. This time, defense is starting a construction boom before the consumer-goods industries reach their peak. Engineering construction contracts will probably total $3,500,000,000 in 1940, against $3,000,000,000 in 1939 and $4,000,000,000 in 1929. At a volume of around $80,000,000 a week they are already running slightly better than the 1929 rate. Items...