Almost alone among big businessmen, GeneralMotors Corp.’s President Charles E. Wilson has needled the steelindustry for not expanding faster (TIME, Nov. 6). Last week CharlieWilson did more than needle. In an unusual agreement, G.M. offered tolend Jones & Laughlin Steel Corp. $28 million at only 3% interest. Withthe loan (still to be approved by J. & L. stockholders), plus another$200 million from bank loans and new bonds, the steel company will dojust what Wilson has been asking. It will increase its capacity by1,500,000 tons, or 32%, by 1953. In return for its loan, G.M. will beable to buy another 50,000 tons of J. & L. steel a year.