Word: co
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Dates: during 1950-1959
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...clamor of Texas independent oilmen for sharper cutbacks in oil imports was answered last week by a realistic voice, speaking, of all places, from Texas. The speaker: Houston's Will L. Clayton, one of Texas' elder statesmen, a founder of the giant Anderson. Clayton & Co., cotton firm, a onetime Under Secretary of State and Assistant Secretary of Commerce. Clayton's message to his fellow Texans who expect the Government to cut imports more: stop trying to promote the "special interest of certain oil producers against the national interest...
...East. Agreement has been drafted to lay $500 million 1,100-mile line from Iran's Qum field (TIME, May 6) to Turkey's Mediterranean port of Iskenderun, and the two nations have offer of financial help from U.S. investors headed by Wall Street's Allen & Co. Prospect is that Iraq will hook into line via short feeder pipe, thus bypassing Syria...
Skip the Change. An automatic change dispenser for cash registers which speeds up supermarket checkouts by 30% was announced by National Cash Register Co. Instead of the usual two or three times that change is counted per transaction (with an average 15% error rate), the new machine registers the change due, tells the clerk how many bills to hand over, send the coins down a chute to the customer. Price...
...Carl J. Gilbert, 51, president of the Gillette Co., stepped up to board chairman, replacing retiring Joseph Spang Jr., 65, who pushed Gillette's sales from $16 million in 1938 to more than $200 million in 1956. A Boston lawyer Harvard Law School). Gilbert joined Gillette as treasurer in 1948. became president in 1956. Into Gilbert's job goes Boone Gross. 53, a Texas-born West Pointer ('26) who heads Gillette's safety-razor division. As chief executive officer, Gilbert will face a $6,000,000 sales slide caused in part by the short, straight Italian...
...Paul C.Smith, 49, onetime president of the Crowell-Collier Publishing Co., was named vice president and treasurer of American Export Lines. Smith, who worked in banking before he turned to journalism, resigned from Crowell-Collier after the directors folded its magazines in December 1956 (TIME...