Word: bensons
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...make their lands more valuable, the Soil Service has developed a strong esprit de corps. Working with other federal bureaus, the Service has saved so many millions of acres that its attitude on erosion control has become almost fanatical. Thus its protest was understandably loud when Secretary Benson announced his new plan which will strip the Soil Service of most of its functions, and delegate conservation control to the states...
...them hard, postponed the harvest a full two months; growers in the state were hustling to get the big leaves into their curing barns before the first frost came. Moreover, the quality of this year's crop had suffered, and prices were down. To Agriculture Secretary Ezra Benson, the growers sent their suggestion for a cure: acreage allotments for 1954 should...
...know tobacco best-Philip Morris' Board Chairman Al Lyon, 67, and Benson & Hedges' President Joseph Cullman Jr., 71-have the same hobby: horseback riding. Last week they decided to ride the same horse, i.e., merge their fast-growing companies. The new company will keep the Philip Morris name and officers, absorb Cullman as chairman of the executive committee, his son Joseph III as a vice president. But the Cullmans will continue to run Benson & Hedges as a separate division...
...making cigars in the 1850s. ("His cigars," Joe's grandmother used to say, "put more Union soldiers out of action than all the Confederate bullets.") His family had long owned Tobacco & Allied Stocks, with various tobacco investments, but never rolled its own cigarettes until the family trust bought Benson & Hedges...
...Lyon became president in 1945 he has pushed Philip Morris sales from $185 million to $315 million last year, its profits from $6,800,000 after taxes to $11.3 million. Since 1941, Cullman has boosted Parliament's sales from 95 million cigarettes to 1.7 billion, and has seen Benson & Hedges common stock rise from approximately $30 a share to $50 (after a four-for-one split) in the same period. On $20 million in sales Benson & Hedges last year made $894,612 profit after taxes...