chapter  11
14 Pages

Last Stand For Steel

Some executives were explicit in their preference for expanded federal economic power. Steel magazine quoted the comment of a Republic Steel executive:

We are not afraid of government intervention in business. If it corrects some of the long-standing evils in the steel business it will be doing something we have for years been trying unsuccessfully to accomplish for ourselves. We welcome this chance to put the entire industry on an equitable and ethical basis.3