Word: expands
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Dates: during 1950-1959
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...engineer, sitting at a control cabinet with little handles on it, opens valves releasing streams of compressed air. One stream runs through tubing to each of the caissons and inflates a heavy-walled rubber "inner tube," locking the caisson tightly to a steel ring. Then other inner tubes inflate, expand, and drive the caisson into the mud. Eventually the caissons reach firm footing deep in the mud. Then, inch by inch, the barge climbs up its own caissons like a boy shinning up a tree...
...with a truck and a debt of $1,060. When he made back the $1,060 in 25 days by hauling fruit from orchards and farms, the town's leading produce dealer advised him to pay off the debt. Replied Riss: "No, sir. I'm going to expand and go into competition with you." When he was 27, Riss had accumulated enough capital to put $40,000 into the trucking business. He lost $50,000 the first year. The next year he earned...
Texas insurance men thought that Erwin, who had gained his experience in the stable business of life insurance, had been out of his depth in the risky casualty business. In his eagerness to expand two-year-old General American, Erwin had taken on too much risk business. Said one insurance agent: "If you were running truckloads of nitroglycerine over the rough road to Acapulco. General American would insure you." The company's loss ratio was estimated to be running as high as 70% (v. a normal ratio...
...executive committee persuaded the board of directors to change the company's bylaws, clipping Behn's powers and putting top control in the hands of the executive committee. While General Harrison will be nominal boss, the executive committee will run the show. It will not try to expand I.T. & T.'s consumer-goods line, instead will concentrate on I.T. & T.'s transmission equipment and other industrial products, in hopes of cashing in further on the new electronics...
...State Insurance Commission guilty of "fraud if not criminal laxity" for not doing anything about it. Texas Mutual was organized in 1949 by Leslie Lowry, ex-mayor of Beaumont (ousted by recall), and his brother Paul. They started with $500 of their own cash and $19,500 borrowed. To expand their assets, said the court, the Lowry boys bought (with notes, no cash) a shabby, one-story building in Beaumont for $100,000, had three friends appraise...