Word: consol
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...last year pleased nobody so much as a Pittsburgh coal executive, George Hutchinson Love, 62. Coal and cars may be far apart, but Love's aptly named Consolidation Coal Co. is now Chrysler's largest shareholder with a 7.3% interest that Love is steadily increasing. Since 1961, Consol has pumped $45 million into Chrysler from profits piled up in 20 years of profitable Love management; the value of this investment has jumped to $86 million. Love himself has become chairman of both Consol and Chrysler, the only U.S. businessman to chair two major companies in widely separated fields...
...head and cherubic face, George Love never set out to be coalman or auto magnate. After Princeton and Harvard Business School, he became a bond salesman in Chicago and St. Louis, but left to run three family coal mines outside Pittsburgh. He did well enough to be offered a Consol job by George Humphrey, who was then heading Consol for its principal shareholder (now 21%), M. A. Hanna Co. Love succeeded Humphrey as president, in 1945 forged together the best of Consol and the best of Pittsburgh Coal (a Mellon interest)-two companies that between them had lost $100 million...
What the new league needs far more than big talk is big players like Linebacker Sam Huff. Down in Consol No. 9, back in Farmington, W. Va., a monster engine pulls loads of coal out of the mine, and still has enough power left over to do half a dozen other jobs. Nickname of the engine: the Sam Huff Special. "By jingo," says the proud father of the finest linebacker in the world, "it pulls an awful load...
...going up. Last week Pittsburgh Consolidation Coal Co., biggest U.S. independent producer, demonstrated a radical new way to cut shipping costs. On an experimental basis, it sent the first coal through a 108-mile, $15 million pipeline designed to carry 1,300,000 tons of coal annually from Pitt Consol's strip mine at Georgetown, Ohio to the big Eastlake steam electric plant of the Cleveland Electric Illuminating Co. The coal is pulverized and mixed with water to form a slurry, which six giant pumps move along at about 3½ m.p.h. At Cleveland, a $2,500,000 plant...
...weighing 2,200 pounds) was dropped on this monument, the only thing which had to be replaced was Concrete, Ltd.'s concrete balls. Another picture showed upright tapered steel outhouses onto which a brick wall was toppled without so much as denting them. These shelters were labeled: ARP CONSOL-Suitable Shelter for Key Personnel. Non-key personnel are supposed to be hiding in cellars...