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Wolcott managed to keep the company afloat during rough years that included the depression and wars. He served on the national boards for scrap, when metal scrap was needed during the World War II. He was president from 1925-1949, then became Chairman of the Board.
Mr. Wolcott was Director of American Iron and Steel Institute; a member of the Philadelphia Committee, in American Newcomen; and a member of the Committee for North America, in The Newcomen Society of England.
Under Mr. Wolcott's leadership, the family and company traditions were fully lived up to.
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