HOUSING: Venture for Veterans

At Camp Bliss, Tex., in 1942, two young officers met again; they had been fraternity brothers at the University of Kentucky. They decided to go into business together after the war. When Lieutenant Colonel Clarence James Bishop, 34, a mechanical engineer, got out of the Army last fall, he put in a long distance call to Captain Charles Francis Stone III, 37, onetime bank cashier, suggested that they start that company. They decided to make prefabricated houses. They also decided that all the stockholders and employes would be veterans.

When they announced their plan in Atlanta newspapers, over 800...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!