Word: frasers
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When the London Psychic News revealed last year that the late Mackenzie King had been a practicing spiritualist for 25 years (TIME, Oct. 23, 1950), most Canadians put it down as one more quirk in the enigmatic private life of their veteran Prime Minister. But Blair Fraser, an editor of Maclean's magazine, wanted to know more about King's well-kept secret. This year he went to Britain, where King's spiritualist activities centered, to dig for information. Last week Fraser's findings were published in Maclean...
...Anglo-Iranian Oil Co. had some bad news for Iran. Last week in his annual report for 1950, Anglo-Iranian Board Chairman Sir William Fraser disclosed that the company has already made up from other sources two-thirds of the oil lost when its property in Iran was nationalized. The squeeze on world oil supplies, which had been a strong bargaining point for Iran, was fast ending. Production has been stepped up in fields in which Anglo-Iranian has an interest in Kuwait, Qatar and Iraq...
Last week, when Sir William Fraser, chairman of Anglo-Iranian, indicated that he was about to take a "tough" line with Mossadeq, Grady immediately cabled Washington, which put pressure on Fraser via London to be reasonable. At the same time, Grady informed the Iranians that 1) the U.S. recognized Iran's right to nationalize its resources, but 2) would not make available U.S. technicians to run the nationalized fields. Last week, limited U.S. pressure showed some limited results...
...Teheran, Oilman Fraser agreed to send a representative to confer with the parliamentary oil commission "as a measure of respect to the Imperial Government and the Iranian Parliament." Reports trickled out of Parliament that some members of the commission were counseling coolness, conciliation and delay. The British still hold some cards which, if played wisely, might give Iran pause. In taking over Anglo-Iranian, the Mossadeq government has assured the British of compensation (about 25% of current oil revenues). Iran not only lacks capital to pay this, but probably will not even be able to raise the $60 million needed...
Though he has been chipping and modeling steadily for over 60 years, and Fraser allegories and heroes stand in conspicuous spots all over the U.S.,† Sculptor Fraser still has a hard time keeping up with his commissions, figures he is now about two years behind in his work. A big Fraser project just completed: two 18-ft. winged horses of bronze, flanked by symbolic figures representing The Peaceful Arts. The statues, cast and gilded in Italy last year, were paid for by the Italian government as a gesture of friendship to the U.S. Sometime this summer, they will...