Word: planted
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Dates: during 1930-1939
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...estimated $20,000,000 this year, its net income from a 1935 deficit of $275,000 to an anticipated 1939 profit of $1,000,000. Still, minority stockholders were not satisfied. Once they set up a fuss at their annual meeting at the firm's Chicopee Falls, Mass, plant over the $12,000 annual fee directors had voted their chairman. Next year the directors retaliated by holding the stockholders' meeting in Delaware. Last week, however, it looked as if the controversy would soon be ended...
...however, the deal was a shock. He is short, bald, capable Colonel Charles Edward Speaks, 52, Fisk President, who has increased his firm's business about 65% since he took over in 1936. Almost solely responsible for Fisk's good showing, he wanted to keep his plant going independently and profitably. Says he: "Of course, I'm an operating man, and I don't see any reason why the directors should want to sell...
Through the night the long windows of Pratt & Whitney's aircraft engine plant glow with an eerie, blue-green light. Through the streets of East Hartford, Conn., freight cars lumber along old trolley tracks from the plant to the New Haven Railroad. The air of the whole neighborhood palpitates with the muffled thunder of Wasps and Hornets on test stands in the research buildings. And every six seconds the white finger of the airport beacon flicks over the fleshening skeleton of a huge new factory extension growing from the main plant...
...backlog of something like $100,000,000 (United's total backlog: above $115,000,000), Pratt & Whitney has hit the high point of its production history, above 350* engines a month, more than double its average for 1938. This production will be doubled when the new plant reaches its capacity next spring...
...least remarkable part of this 300% increase in production is the new plant. It will double P. & W.'s floor space, and the building will cost United not a dime. To speed up deliveries on orders for $60,000,000 or more worth of warplane engines and an additional $12,000,000 of propellers (which went next door to United's Hamilton Standard division), France has already advanced $1,500,000 to $2,000,000 to erect the new factory. The cost will be defrayed by Pratt & Whitney gradually by a small charge on each engine delivered until...