Word: coal
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Dates: during 1930-1939
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That admission became the headache of tall Emil Schram, 45, who became Jesse Jones's successor as RFC Chairman. A successful Hoosier whose business was farming, timber, coal, he was made a member of RFC's board in 1936. From handling RFC loans to needy drainage and irrigation districts he was graduated to manager of RFC's business loan program. On the side he ran Electric Home and Farm Authority (set up to finance the sale of electrical appliances to home owners). One of the most capable members of RFC, his selection was backed both by conservative...
...sales were $11,109,000. Last week its officials announced a $1,500,000 expansion program. But Chemist Howard was still scouting ahead. His goal: to establish his new chemical talk-of-the-town as the most important addition to the world's store of raw materials since coal tar and cellulose...
...Saskatchewan, rode freight trains east to Ontario for gold, found none, jumped another freight back, worked in British Columbia logging camps (where friendly lumberjacks organized a bodyguard to protect him from those who resented his slickness), prospected in the Mojave Desert (where all he got was sunstroke), shoveled coal in Utah and Pennsylvania, bummed. Once, arriving in Eugene, Ore. with 5?, he talked local businessmen into backing a sporting goods store, gave golf lessons to drum up trade. He played in the low 120s. In 1928 he landed a job in a San Francisco bond house...
...rousing Civil War period without depending on battle scenes for his excitement. American Nabob reads like a political biography full of interesting scandal. Chief figure is fictional Curtis Larkins, a wildcat country banker who modeled himself on Henry Clay and Napoleon, grabbed a mountain region full of coal and oil during the Civil War's confusion, developed it afterwards with rugged individualism...
Butadiene rubber itself is not new. It is the same in composition as the noisily touted German synthetic rubber called "Buna." But the German product is made from acetylene (a product of limestone and coal) in five complicated stages and its price is around 60? a pound. Inventor Egloff estimates that his butadiene rubber, if produced in any quantity, can be made to sell for less than 20? a pound. E. I.. du Pont de Nemours & Co.'s famed chlorine-containing synthetic rubber (TIME, May 6, 1935), now called "neoprene," is probably superior to butadiene rubber in some...