Word: steeling
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Just seven years ago, Bainbridge Colby, personal friend of President Wilson, invited two steel men to lunch at Washington. Mr. Colby, later Secretary of State, was then a member of the U. S. Shipping Board. At lunch he begged one guest, Charles M. Schwab, to become Director General of the U. S. Shipping Board Emergency Fleet Corporation. The other guest, Eugene G. Grace, admonished Mr. Schwab, his business associate, to refuse...
...Grace, now President of the Bethlehem Steel Corporation, from the vantage point of "I-told-you-so," issued a statement berating the Government's suit. Defending Mr. Schwab, he said...
...Pittsburgh, Secretary of Labor Davis addressed the 47th Annual Convention of the Amalgamated Association of Steel, Iron and Tin Workers. He recalled his 35-year membership, hailed the new day of cooperation between employer and employe, admonished the workers to "ease up on such strict rules" as charging the employer a full day's wage for a one-hour...
...guns of the dreadnought Duilio were booming and belching smoke, fire and steel. In the turret, a boom and a belch sounded above the rest: a 305-millimetre* gun had blown up: 7 were killed, 30 wounded. The ship immediately caught fire. The magazines were flooded as a precautionary measure but the fire was extinguished before irreparable damage was caused. The accident was due to a backfire into an imperfectly closed breach...
...times, plus the relatively high prices reached by securities when interest rates are low. The U. S. is apparently moving into another such merger period as 1900-06, except that today enthusiasm is more tempered with wisdom of ex- perience. But the figures are larger, except for the mammoth Steel Corporation merger of 1901. There are still few other billion-dollar corporations, yet in the last few years a large number have crept up to within striking distance of the billion-dollar class...