Word: anacondas
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...chinchilla was a prized fur, adorning the robes of kings and potentates. Annual world sales were as high as 78,000 skins in 1900. But gradually the mountains of South America, where the chinchilla lived, were swept almost clean, and the fur fell from fash ion. In 1923, an Anaconda mining engineer named Mathias Chapman captured eleven of the remaining wild chinchillas, brought them from the Andes to Southern California in an ice-cooled crate. He started breeding them and founded the domestic chinchilla industry. From his original eleven animals sprang virtually all the estimated 250,000 chinchillas...
...Objections. But the Government had new objections. Anaconda was already the biggest company in the copper industry, and Secretary Chapman did not think it should move into aluminum. Said he: "The proposed arrangement will not further [competition]." Attorney General Howard McGrath also objected on the same ground...
Last week DPA Boss Manly Fleischmann overruled them both. He told Chapman "to enter into a suitable long-term contract with the proposed new producer for power from the Hungry Horse project." Fleischmann said he approved the Anaconda-Harvey deal because the plan for an enlarged Air Force (143 wings) made the need for aluminum urgent, and the Anaconda plant should be producing at the rate of 72,000 tons a year by 1953, soon after the Hungry Horse Dam is fully completed. Feischmann could not see any threat of monopoly; the new plant, said he, would produce less than...
...Supplies. The Interior Department acceded to Fleischmann's request, and power negotiations with Anaconda-Harvey were begun. There was one thing that Fleischmann did not mention in his letter, and reporters were quick to take him up on it. What about the wartime charges against the Harvey company? Said Fleischmann: "The reason that I am canceling the Harvey loan contract ... is not as a result of any finding on my part of moral turpitude or unfitness on the part of the Harvey company, [but] because we felt that such a large loan was not advisable if the aluminum could...
Barring a hitch in the power negotiations, the new Anaconda-Harvey plant will bring total U.S. aluminum capacity to 1,526,000 tons by 1953 v. 692,000 before the expansion program got started...