Push-Button Profits?

More in sorrow than in anger, steelmen stomped into the Senate caucus room last week. They were not there, as one of them said, to defend the latest boost in the price of steel (TIME, Dec. 26); they didn't think they had to. But they wanted to explain it to the Joint Committee on the Economic Report.

Appropriately, the first witness was U.S. Steel Corp.'s beet-faced President Benjamin F. Fairless, who had been the first to raise his prices. Adjusting his brown bow tie and his horn-rimmed spectacles, Fairless summed up his story...

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