CORPORATIONS: Springtime for Henry

Henry J. Kaiser, who once seemed to own a private pipeline to the federal till, last week proved that a pipeline can work both ways. His Kaiser Aluminum & Chemical Corp. handed a $37.4 million check to the General Services Administration, thus cleared itself of Government debt 23 years ahead of schedule. Except for $51 million still owed by the Kaiser-Frazer Corp., Kaiser's sprawling industrial empire of ten companies and 48 plants is completely off the Government hook. For its help in building or buying plants, Kaiser has paid the Government $250 million in principal, interest and rentals since...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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