Kankakee Valley Post, Volume 13, Number 22, DeMotte, Jasper County, 9 April 1943 — Page 3 Advertisements Column 2 [ADVERTISEMENT]

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Good Example Teacher—An anonymous person is one who does not wish to be known.” (A few minutes later)— Who is that laughing? Voice—An anonymous person. The only period in a woman’s life when she gives any thought to dress is between the cradle and the grave. His Forte “They say the hardest thing for an actor to do—the highest art—is simply to do nothing.” “Is that so? Then my boy Joe must be a natural born actor.” What It Took *l envy that man who sang the tenor solo." “Why? He hasn*t much of a voice " “No, but just think of his nerve!" A man is as old as he looks; a woman is as old as the way men look at her. Wide Open Clerk These are especially strong shirts, madam. They simply laugh at the laundry. Customer—l know that kind. I had some which came back with their sides split.

0. S. Steel Reports 1942 Production 28 Per Cent Greater Than World War I Peak United States Steel Corporation's Annual Report for 1942, reporting attainment of a steel ingot tonnage production 28 per cent greater than in the peak year of World War I. has just been released as “a production story—and a financial story—of a great war effort.’* Production by U. S. Steel in 1942 of more than 30,000,000 net tons of ingots as well as the manufacture of a steady flow of products entering into thousands of items used in prosecuting the war were described by Irving S. Olds, Chairman of the Board of Directors, in his review of the year contained in the Corporation’s forty-first annual report. The victory parade of steel ingots was listed as only one of several principal contributions of U. S. Steel to the war effort. These contributions were enumerated as follows: “First, a record volume of steel and other materials needed not only for the fabrication of essential war products but also for the creation of new facilities to make such war products has been produced. Second, the technical ability representing many decades of accumulated research and experience has been made available for the requirements of the Government. Third, the construction and operation of vast new facilities for the Government in connection with the war effort have been undertaken. Fourth, millions of dollars of U. S. Steel’s funds have been expended for various facilities contributory to the war effort.’* A one-page condensation of the financial record of the Corporation for the year describes in simple language what disposition was made of the $1,865,951,692 received by the Corporation from sales of its products ana services during 1942. Employment costs of $783 million in 1942 were 25% greater than for the previous year; 1942 taxes of $204 million were 21% more than in the preceding year; while dividends to stockholders remained unchanged. n he amount carried forward for future needs of the Corporation was 78% less than in 1941. Among achievements cited is the development of the airplane landing mat. The serious problem of handling plane landings on nastily built air fields was solved with the war-time invention by Carnegie-Illinois Steel Corporation, a U. S. Steel subsidiary, of a landing mat, consisting of portable interlocking steel sections. It was pronounced the outstanding development of the year in the field of aviation by the Chief of the Army Air Force. As mass production methods were evolved, other companies were licensed to use the process, imd thirty smaller manufacturers are now producing these landing mat sections In quantity. Tne report reveals that in 1942 one subsidiary. Federal Shipbuilding and Dry Dock Company, completed more destroyer* for the Navy Department in shorter building time than any other shipyard in the country. A new shipyard built by this subsidiary for the Navy Department began operations five months after ground was broken. A fully equipped shipyard for the production of the latest type of tank landing craft was constructed and is being operated for the Navy Department by American Bridge Company, another subsidiary. An interesting comparison of the use of U. S. Steel’s own resources and of Government funds for the expansion of emergency facilities undertaken by U. S. Steel from June, 1940, to the end of 1942, shows that the ratio of U. S. Steel’s investment to the use of Government funds was 65c of its own money to every dollar of Government funds used. This compares with a ratio for all industry of 27c of private funds to one dollar of Government funds. In this expansion program. U. S. Steel's private investment was $282,000,000, as compared with $436,000,000 of Government funds expended, making a total of $718,000,000 expended in the program.— Adv.