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SHIP-CONSTRUCTION BONDS guaranteed by U.S. will be marketed by American President Lines to aid in building two 13,250 D.W.T. cargo ships. First of its type, the $14.4 million offering is expected to lead way for $1 billion in new maritime bonds...

Author: /time Magazine | Title: Time Clock, Sep. 21, 1959 | 9/21/1959 | See Source »

...Umpqua Hotel. Once he walked the three blocks to the Gerretsen Building Supply Co. to look over the blue 1959 Ford truck he had parked on the street after a 290-mile drive from his home plant, Pacific Powder Co. of Tenino, Wash.. Cause for his worry: his cargo consisted of two tons of dynamite and 4½ tons of Car-Prill (a highly explosive mixture-ammonium nitrate and oil) that he was to deliver to customers at dawn. About 1 a.m.. back in his hotel, he heard fire engines roar by, ran toward his truck. He still...

Author: /time Magazine | Title: DISASTERS: Overnight Parking | 8/17/1959 | See Source »

...Airman Arkfeld, this trip from the coastal town of Wewak to one of the vicariate's 38 inland stations was routine; he logs an average of 30 flights a week, carries such diverse cargo as day-old chicks, bull calves, building material, engine parts, Australian beer, food, nuns, priests and mission helpers. Now and then he flies armed patrols, native cops or doctors to trouble spots, and he is always available to transport the sick or injured to the nearest hospital. Furthermore, says he, by plane "I am able to make many of my confirmation trips with less effort...

Author: /time Magazine | Title: Religion: Flying Bishop | 8/10/1959 | See Source »

...FREIGHT RATE SLASH of 50% is expected after delivery of turboprop cargo planes ordered by Pan American World Airways from Lockheed at cost of $60 million. Scheduled for early 1962 delivery, the twelve Super Hercules planes will carry 35-ton payload nonstop across Atlantic, cruise at 360 m.p.h...

Author: /time Magazine | Title: Business: TIME CLOCK, Aug. 10, 1959 | 8/10/1959 | See Source »

Although it will carry 60 passengers and 10,000 tons of cargo, Savannah has no hopes of turning a profit, will fulfill its mission if it can lead the way to more efficient models and prove the safety and reliability of seagoing nuclear power. The power plant and 690 lbs. of enriched uranium-to be loaded next spring-will be shielded by a 33-in.-thick ring of water, a steel cylinder, then a 2,000-ton composite shield, and finally by a 24-in. redwood and steel collision mat. Dotted around the ship will be twelve monitors to gauge...

Author: /time Magazine | Title: THE ATOM: Symbol at Sea | 8/3/1959 | See Source »

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