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...dominate Canada's natural gas industry. In one corner was Clint Murchison, the flamboyant Texas oil tycoon (TIME, May 24, 1954) who bosses an empire of companies with assets of about $400 million. Against him was Francis Murray Patrick McMahon, 53, multimillionaire Canadian who began as a $4-a-day driller and rose to be a leading operator in Western Canada's spectacular oil boom. The big stake in the contest between them: a franchise to build a $350 million pipeline to carry Western gas 2,200 miles to the cities of Eastern Canada and the U.S. Midwest...

Author: /time Magazine | Title: OIL & GAS: Battle of the Giants | 4/16/1956 | See Source »

...time when the $30,000-a-week headline act made economic sense as a loss leader because it lured customers to gamble was changing. More and more people were going to the hotels to watch the high-priced floor show, eat the $2 steak dinner, enjoy the elegant $8-a-day hotel room, and maybe drop a few token coins in the slot machines (5% profit for the house). Last June most of the hotels were forced to alter a longstanding policy, and charge a $2 minimum for the midnight supper shows that guests could once see by sitting...

Author: /time Magazine | Title: HOTELS: Snake Eyes in Las Vegas | 9/19/1955 | See Source »

...likelihood goes up with the amount smoked: if a light smoker (up to 15 cigarettes daily) has X chance of larynx cancer, a 16-to-34 man has almost double that chance and an over-35-a-day smoker nearly four times that chance. Noninhaling cigar and pipe smokers run about the same risk as 16-to-34 cigarette men (higher, relatively, than their risk of lung cancer...

Author: /time Magazine | Title: Medicine: Smoking & Cancer | 6/13/1955 | See Source »

From the moment he took a $1.50-a-day job as a water boy on a gang building a railroad for Anaconda Copper at Butte, Mont., there was never much doubt how Cornelius Francis Kelley would spend his life. Born in the mining country (his father was a mine superintendent), "Con" Kelley had copper in his blood. He went off to study law at the University of Michigan, started specializing in mine cases back in Butte. In a fledgling industry dominated by Irishmen and racked by legal brawls, Kelley quickly made his mark. He went to work for Anaconda, became...

Author: /time Magazine | Title: PERSONNEL: Copper in His Blood | 5/30/1955 | See Source »

...maximum fine for antitrust violations of the Sherman Act should be boosted from $5,000 to $10,000, but the present "exorbitant" $5,000-a-day fine for continued violations of a Federal Trade Commission order should be cut to a maximum of $5,000 for each separate violation...

Author: /time Magazine | Title: GOVERNMENT: Repeal Fair Trade? | 4/11/1955 | See Source »

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