The impelling needs of defense last week drove the U.S. Government into the aluminum business. Jesse Jones's RFC arranged to put up $250,000,000 for new aluminum plants. They will be owned by the Government, operated by three private companies (Aluminum Co. of America, Reynolds Metals Co., Bohn Aluminum & Brass Corp.).
Reason was that all concerned, having badly under-guessed aluminum requirements (TIME, May 26), now recognized that what had been done before was not enough. RFC had already put up money for Reynolds to build two plants in competition with Alcoa. Its near-monopoly...
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