Business & Finance: Piggott

When glum pre-Prohibition workers of Pacific Coast Steel Co. first read upon their checks "These pay checks are made non-negotiable so that employes cannot cash them in saloons" they knew it was the work of William (Pigiron) Piggott, president of the company, bitter and active campaigner against liquor.* Mr. Piggott by the time of his death (TIME, July 29) had built up his Pacific Coast Steel Co. and its subsidiary, Southern California Iron & Steel Co., to an annual capacity of 380,000 tons—40,000 more than Columbia Steel, only complete steel unit west of...

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