Word: athabasca
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...years he has commuted between Manhattan and Toronto, has set up a string of more than two dozen Canadian mining and oil companies. In 1950 New York State's Attorney General Goldstein warned investors against buying shares in American-Canadian Uranium Co., which was backed by Pax Athabasca Uranium Mines. Ltd., a Hirshhorn interest (TIME, Dec. 4, 1950), because the promoters were making too much...
Young and Hirshhorn, Goldstein said, had come into the McNutt company by virtue of a deal with a Canadian company called Pax Athabasca Uranium Mines, Ltd. which Young and Hirshhorn control. Last summer they swapped the company's Saskatchewan land claims for 1,800,000 shares of American-Canadian. News of the swap, said Goldstein, had sent Pax Athabasca's stock soaring (recent price: $28 v. 5? in 1949). Counting the shares in American-Canadian Uranium held by Pax Athabasca, said Goldstein, insiders owned 83% of American-Canadian's stock. All told, they...
...Whitney uttered was associated not with banking or finance but with cowpunching. Partner John Batterson Stetson Jr. of Philadelphia's Stetson & Blackman is the son of the founder of John B. Stetson Co., whose hats were (and still are) as much a fixture of the cow country from Athabasca Landing to the Strait of Magellan as the cows themselves...