Business: $5 Billion Investment in Abundance


IN a South Side Chicago building, three miles from the stadium where the world's first atomic pile went into action 14 years ago, a shrilling alarm bell signaled the birth last week of U.S. industry's Atomic Age. As a white-smocked scientist twisted the knobs on a control panel outside a monolithic concrete cubicle, a lighted dial flashed: REACTOR ON. Thus the world's first nuclear reactor devoted exclusively to industrial research went into operation at the Illinois Institute of Technology's Armour Research Foundation.

The $700,000 reactor, owned jointly by the Armour foundation...

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