Business & Finance: Jahco Finds a Way

Bill Jack loves to grab the public address microphone in his Cleveland plant and bellow important news to his "associates" (employes). Last week the president of Barnumesque Jack & Heintz (Jahco), who contends that the War Department is renegotiating him into the red, told them something that hit home to each & every one. His news was a plan to 1) partially circumvent renegotiation, 2) build up a reserve for postwar expansion.

The plan: let associates subscribe some $15,000,000 immediately for capital, another $35,000,000 for a postwar fund. Bill Jack reasoned that this...

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