Word: bagging
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Dates: during 1930-1939
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...brokers who would be delighted to handle an issue on the terms prescribed. But no sooner had the City had its chuckle over Messrs. Mullens & Co.'s studied statement, than the treasurer of the City of Glasgow let the cat out of the Old Lady's bag. He published a juicy account of his unavailing efforts to obtain the Bank of England's approval of a big Glasgow refunding issue...
Last week Union Bag & Paper Corp. approved final plans for a $4,000,000 plant in Savannah, Ga. Up to last month when the world's biggest maker of paper bags leased a tract along the Savannah River on the old Hermitage Plantation,* the city's businessmen & bankers were on pins & needles lest the company choose another site for its first Southern paper mill. Fernandino, Fla. tried desperately to wangle PWA funds to build a pine-pulp mill, which Union Bag was to operate. Then Jacksonville was discussed. But at last Savannah's newspapers got their chance...
Financed by an offering of rights to common stockholders, Union Bag's new factory will employ nearly 1,000 persons directly, and another 500 indirectly in the nearby woods. However, the Savannah paper mill did not represent the long-promised birth of a Southern newsprint industry. Like many another paper mill in the South, the Union Bag plant will turn out coarse, dark kraft paper for bags and wrapping...
Nevertheless, the Union Bag project last week received the blessing of the Dearborn Conference of Agriculture, Industry & Science, a group organized last spring to promote the use of farm products in industry and now functioning as the Farm Chemurgic Council (TIME, May 20). The Council carefully called the public's attention to the works of Chemist Charles Holmes Herty, who has long dreamed of transferring the newsprint industry from the spruce forests of Canada to the pine woods of Georgia. For several years Chemist Herty experimented with the pine pulp on a $40,000 grant from his native State...
...sylvan visions of Chemist Herty & friends, Union Bag's new Savannah plant is hardly a symbol. Their piney economy turns on newsprint, which devours a forest for every tree that is used in kraft paper. With a capacity of 120 tons of paper per day, the bag plant will mash up only 70,000 cords of wood annually...