Word: coasts
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Dates: during 1950-1959
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...million tons v. 2.1 million for Freeport). Both companies carefully guard their reserve estimates. But some industry experts already guess that Texas Gulf Sulphur has been passed in total reserves by Freeport, which has an estimated 50 million to 60 million tons of sulphur buried along the Gulf coast, not counting the Grand Isle bonanza, which may produce up to double its expected 30 million tons...
...great waterways the mighty Mississippi, Germany's strategic Kiel Canal, the vital Panama and troubled Suez are all familiar names. But one waterway with more importance than fame is a muddy, undramatic complex of barge canals and shallow channels rambling 1,116 miles around the U.S. Gulf Coast from Brownsville, Texas to St. Marks, Fla. It is the Intracoastal Waterway, tying the entire Gulf Coast area into the nation's vast, 28,000-mile system of waterways. For Southerners it is a chief reason for the greatest boom in Gulf Coast history. As one rhapsodic Texan...
...year Fight. The man who gets credit for pushing the waterway to completion was a pioneering Victoria, Texas banker named C. S. E. Holland, who spent most of his life fighting for a cheap way to carry the Gulf Coast's raw materials north in return for needed manufactured goods. Forming the Intracoastal Canal Association with the help of another hard-driving businessman named Roy Miller, he badgered a reluctant Congress into shelling out funds over a period of 40 years, first for a short, 53-mile strip in Louisiana barely 40 ft. wide, 5 ft. deep, later...
...Marshes. The biggest waterway customer of all is the booming Gulf Coast oil industry, which last year shipped out some 25 million tons of petroleum products, more than half of all the waterway's traffic. From New Orleans' Harvey Lock southward, the water is lined solid with oil activity-war-weary landing craft being converted into tenders for offshore drilling rigs, big yards piled high with pipe, well-cementing companies, plants where the giant offshore rigs are fabricated. At intervals, veinlike side canals branch off into the marshes, where oilmen have dredged passageways to float equipment into their...
...year alone 22 companies will either build or expand plants along the waterway. Reynolds Metals is expanding; so is Alcoa, with a new $45 million aluminum plant at Point Comfort, Texas. Estimates are that the surging chemical and petrochemical industries will shoot up 70% by 1960, and the Gulf Coast will get much of the expansion. Texas alone will add $260 million worth of new plants in the next two years. Firestone Tire & Rubber is building a huge chemical plant at Orange, Texas; Dow Chemical is expanding its Freeport. Texas plant by $45 million, while Gulf Oil, Foster Wheeler Corp...