Tall, skinny, young Earle M. Scott is a handy man with blueprints and tools. In 1932, a foreman in Lancaster (N.Y.) Malleables & Steel Corp., he set up shop in his basement, started a spare-time business manufacturing tail-wheel assemblies for light airplanes. Last year business was so
good ($25,000 gross) that he quit his regular job, moved his shop into a 40-by-80 ft. plant, incorporated it as Uniloy Accessories Corp., put 25 men to work.
Best insurance against materials shortages, Scott knows, are defense contracts. So he went to Washington, got a $25,000 order for compass cases from the British Purchasing...