Word: coaling
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Dates: during 1960-1969
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...midst of the crucial West Virginia primary last spring, Jack Kennedy sent a crisis message to his kid brother, Ted, 28, who was busily running interference in the coal mines of Beckley. In his daily talkathon of 20 or more speeches, Jack's vocal cords had given out, and he badly needed a substitute. Teddy hurried to his brother's side and enthusiastically read Jack's speech to an audience of miners in Ravenswood. As Ted Kennedy recalls it, "I was saying to the audience, 'Do you want a man who will give the country leadership...
Lacking water power, coal or petroleum, Cuba runs on imported oil. For many years, the oil has flowed from Shell, Jersey Standard or Texaco wells in Venezuela, traveled in Shell, Jersey Standard or Texaco tankers to Cuba, been refined at Shell, Jersey Standard or Texaco refineries at Santiago or Havana. It was paid for with dollars earned by selling sugar...
...plans launched in 1956, the satellite countries were assigned the jobs they could do best. Czechoslovakia, whose giant Skoda works turn out entire sugar mills, oil refineries, and more electric locomotives than any factory in the world, undertook to build machines, tools, heavy electrical equipment. Poland began specializing in coal mining and transport equipment. East Germany set out to concentrate on chemicals, building materials, precision machinery. Hungary was told to concentrate on aluminum processing. Rumania on petroleum production, and Bulgaria, on the sunny Black Sea coast, undertook to become a kind of fourth-class Florida of orchards, vineyards, and resorts...
...objection: it has a long-term debt of $393 million and makes fat and steady profits, while the Central has a debt of $976 million and has a spotty earnings record. A merger of the C. & O., the nation's biggest soft-coal carrier...
Tough Competition. Merger of the Nickel Plate and the Norfolk & Western would give the N. & W. access to the Great Lakes, and create a network stretching from St. Louis, Chicago, Cleveland and Buffalo to the Pocahontas coal region of the Virginias. The merged roads would rank among the nation's top ten, have a 4,964-mile network with assets of $1.4 billion. Under the terms of the merger agreement, one share of Nickel Plate common would be exchanged for .45 of a share of Norfolk & Western. Since the two lines do not now link, the merger is contingent...