Word: co
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Dates: during 1950-1959
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Died. Ernest Eden Norris, 76, longtime (1937-51) president of the Southern Railway Co., "the guy''-according to Frisco line President Clark Hungerford-"who brought the Southern from doldrums to dividends," father of Novelist Frank Collan (Tower in the West) Norris; of a heart attack; in Washington, D.C. A lifetime railroader who began his career in his teens, Norris ceaselessly patrolled the Southern in his office car, knew every foot of the road's 8,000 miles of track, once walked away from a wreck and waited until that evening to have a broken collarbone set with...
BUILDER William Zeckendorf will get $22.5 million loan from Prudential Insurance Co. for his Courthouse Square project to cover two blocks in Denver. He has put up a four-floor department store, by next year will complete a 21-story, 1,000-room hotel with 2,000 underground parking spaces...
...obstacle is that the U.S. has contracted to pay steep royalties to Freeport Sulphur Co. for the ore that the plant uses, is even now battling to renegotiate the contract and slash the royalties. Few companies are willing to bid on the plant until peace is declared and a steady stream of ore is guaranteed at a good price...
Price Fight. When the Government built the Nicaro plant in 1942, it badly needed ore to feed it. Freeport Sulphur Co. owned a rich ore body just four to eight miles away, and the Government lent $1,100,000 to Freeport to develop the ore. The Government promised to buy at least one-third of Nicaro's ore needs from Freeport through 1968, now gets all of Nicaro's ore from Freeport, pays a royalty of $1.73 per ton, and also pays the cost of extracting the ore. The Bureau of Mines contends that the Government, which operates...
...Donald Slichter, 57, was elected president and chief executive officer of Milwaukee's Northwestern Mutual Life Insurance Co., eighth largest life insurance company in the U.S. (insurance in force: $9 billion). A graduate engineer (University of Wisconsin, '22) and amateur gardener (roses), Slichter, brother of Harvard Economist Sumner Slichter, has been a vice president in charge of Northwestern Mutual's investment portfolio since 1949¶Emerson Foote, 51, a founder and onetime president of Foote, Cone & Belding, who once shocked Madison Avenue by voluntarily giving up the $12 million American Tobacco account, again caught fellow admen flat...