Word: coal
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Dates: during 1950-1959
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...Ludwig Erhard last week announced a stiff tax on fuel oil: $7.14 per metric ton (about $1 per bbl.). The punitive tax, which Erhard himself describes as a "sin" against his free-market theories, is designed to discourage the use of oil, thus ease Germany's steadily mounting coal surplus of 17 million tons...
Nosing down are U.S. shipments of aircraft (foreign lines are waiting for the jets), cotton (buyers are holding back for a price cut expected later this year), coal (Europe has a big surplus). Dropping also are exports of machinery and steel, cars and oil, for the same reasons that U.S. imports of them are steaming up: the foreign products are plentiful, low in price and of good quality. Comparing the first halves of 1958 and 1959, U.S. imports of electrical apparatus, electronics parts and transistor radios went up from $72 million to $96 million, imports of industrial machinery from...
...redevelopment district. Two million dollars will come from the Federal Government, $1,000,000 from the state. Homes and other real estate in the threatened area (130 acres) will be-bought at fair prices. Then massive dragline excavators will attack the fire by digging huge trenches around the burning coal...
Nasty Job. The first trenches will connect stripped-out areas and so make a perimeter beyond which the fire cannot spread. Then the draglines will work in ward, digging both burning and nonburn-ing coal from the whole 130 acres. Says Mining Engineer Robert W. Bell, consultant to the Carbondale Redevelopment Authority: "A nasty job-rather dangerous." While working on burning coal, the dragline operators will be only the length of their booms (60 to 90 ft.) away from the hot stuff. Each scoopful will be dumped on high ground and sprayed with water. In many places the hot surface...
...expected to take at least three years. When it is finished, the site will be filled, graded and, if possible, reforested. Eventually some of it may become a park-a fitting monument to the city fathers who dumped combustible rubbish against a seam of coal...