Word: coale
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Dates: during 1960-1969
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Principally responsible for the B. & O.C. & O. merger is C. & O. President Walter Tuohy, who this week also becomes chairman of the B. & O. Tuohy, 62, an elfin onetime coal salesman who outmaneuvered New York Central President Alfred Perlman in persuading B. & O. stockholders to join with him instead of Central, plans to save $50 million annually by integrating operations. Seaboard President John W. Smith will run the new Seaboard Coastline Railroad, which hopes ultimately to save $38 million yearly, partly by eliminating 4,200 jobs along its frequently overlapping routes...
...knows better than Moscow that trade is a weapon in the cold war. "With every additional shovel of coal, with every additional load of oil obtained through foreign help," Old Bolshevik Lev Kamenev once predicted, "capitalism will be digging its own grave." Faced with the continuing failure of their economy, the Russians may be forced to rely on wheat from the West for years to come, but above all they want to get hold of heavy industrial items including whole factories, which Russian industry on its own cannot duplicate for a long time to come. Western policy is divided...
Gentlemen's Disagreement. In Paris, Ball also got a sympathetic reception, a pleasant change for a U.S. envoy these days. France last year exported to the Soviet bloc goods worth only about $266 million; Russian barter proposals, involving a swap of Soviet coal and oil for heavy industrial goods, are highly unattractive since France can sell its own coal and oil inside the Common Market. Besides, Charles de Gaulle believes that trading with the Soviets is a dirty business (although he seems willing to trade with Red China) and recently denied an export license to a leading French steel...
...Mikawa mine on southern Kyushu island, a cotter pin apparently fell out of a coupling on a string of coal cars halted on a slight incline. One coal car rolled back down into the mine. Gathering speed, it flew off the track on a curve in the tunnel and struck the mine wall, showering the fatal sparks that ignited coal dust in a vast explosion. At Tsurumi, outside Yokohama, another cotter pin evidently sheared off the wheel housing of a southbound freight car. The loose lost wheel caused the last three cars to derail and sprawl across the adjacent track...
...course. It may come as a shock, but there it is. First, disregard the effete East, otherwise known as the Fight Fiercelies-the Ivy League, the Yankee Conference, the Middle Atlantic Conference. Concentrate on the Big Five: Army, Navy, Pitt, Penn State and Syracuse. No rep-tie types these-coal miners' sons from Pennsylvania, New York and New Jersey farmers, shave-skull cadets. The Big Five are technically independents, but they are linked together just as any conference is-by bands of mutual geography and mutual jealousy. And if they were a conference, it would clearly be the best...