FOREIGN TRADE: Their Money Lies Over the Sea

In the good days, when American Radiator and Standard Sanitary Co. were separate companies making (together) $20,000,000 a year (their joint 1939 net profit: $3,712,193), U. S. plumbing was both the butt and admiration of Europeans. Radiator's chairman was autocratic Clarence Mott Woolley. By the time they consolidated in 1929, they had an estimated stake of $35,000,000 in foreign plants to make goods that would raise Europe's standard of plumbing to that of the U. S. Of their 15 European plants, nearly half were in Germany, Austria, Italy, Spain. In that era...

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