Word: bagging
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Dates: during 1930-1939
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...Fascists to riot their heads off, smashing Communist and Socialist demonstrations ruthlessly. Socialists asked and got the head of Prefect Chiappe as the price of their support of the luckless Daladier government. Prefect Chiappe was forced to resign. To keep him quiet Premier Daladier reached deep into his plum bag for one of the juiciest of all French administrative posts-the Governorship of Morocco. Still gambling on his popularity in Paris, Jean Chiappe turned the offer down...
Today Union Bag turns out more than 6,000,000,000 bags per year, varying from Cellophane pill envelopes to containers for 100-lb. lots of zinc oxide. Its biggest competitor is Continental Paper & Bag, International Paper & Power subsidiary...
...Union Bag was originally not a maker of bags but of bag-making machinery, sold under license agreements. Up to the Civil War paper bags were improvised by wrapping old paper around one's arm and twisting the end like a cornucopia. Flat bags were developed in the 1860's and with them patented machinery for large-scale cutting and pasting. When it became evident that there was more money in making bags than bag machinery, Union Bag's predecessor merged with a group of companies operating under its licenses...
...Union Bag was severely deflated by the introduction of the kraft process, which is supposed to have been discovered by a Swedish workman who unwittingly treated pulp with an alkali instead of the usual acid. The result was called kraft-Swedish for "strength." Upshot was that Union Bag's sulphite pulp plants had to be scrapped. For five successive years, right through the gayest days of the Coolidge Boom, the company reported deficits. Then, having adjusted itself to the kraft order, Union Bag climbed out of the red in 1931, only to slip back the next dark year...
...titillated shady, moss-hung Savannah with an expansion program that will increase Union Bag's assets more than one-half is President Alexander Calder, known to his subordinates as "Sandy," though greying hair reveals his 50 years. As a Union Bag salesman, not long out of St. Lawrence University, he bagged the Woolworth 5?-&-10? stores account, which was a springboard to a vice-presidency. Boardchairman and one of Union Bag's big stockholders is old Philanthropist August Heckscher...