Word: anacondas
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...gambling joints and the whorehouses that once lined "Venus Alley" have disappeared. But the ugliness remains. In the years following World War II, Butte had a raw look because it was a boom town. Today it is shabby because it is dying. For the past two decades, the Anaconda Company's immense Berkeley pit has been slowly nibbling away one section of the hilltop city after another. Now the pit, a gaping, terraced ulcer 7,200 ft. long, a mile wide and 1,500 ft. deep, has begun to eat into the town's business district...
...owes its development-and recent decline-to copper. In 1882, a prospector named Marcus Daly found a 5-ft. vein of 30% pure copper ore while searching for silver. Daly's discovery touched off a wild scramble for the precious ore, which was eventually won by Anaconda. By 1910, the company owned the rights to the minerals underlying 90% of the city. It also held the right of eminent domain, which allows it to buy up any sur face property that stands in the way of its operations...
...cost was high. Pollution fouled streams and scarred mountainsides. By the mid-1940s, Butte's high-grade ore thinned out, forcing the company to increasingly undermine the town in its search for copper. By 1955, when the decreasing quality of the ore made even those operations uneconomical, Anaconda turned to cheaper open-pit mining...
...closed meeting in October 1971, the then Secretary of State, William Rogers, told executives of such American corporations as ITT, Ford, Anaconda, Ralston-Purina, the First National City Bank and the Bank of America: "The Nixon Administration is a business administration. Its mission is to protect American business." That is clearly also the mission of the Ford Administration. Mr. Ford stated publicly in September 1974 his approval of the activities of the CIA in Chile...
...because it was the first elected socialist regime in Latin America, and so aroused the fear that if it was successful there might be a domino effect throughout the Latin American states. Also there was the direct involvement in Chile of such giant U.S. corporations as ITT and Anaconda, both of which have recently negotiated large financial settlements with the Chilean junta: $125 million to ITT, $253 million to Anaconda...