Word: fueled
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Dates: during 1940-1949
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Snap-Up. Allen & Co. thought that Bosch (fuel injection pumps, automotive equipment) would link up nicely with Brooklyn's Amra Corp. (electronic devices), which Allen bought into in 1946. So Allen got Amra to put up part of the $6,044,748 it took to buy OAP's 77% interest in Bosch, borrowed the rest. With Bosch, Amra got a company that grossed over $19 million last year, a plant in Springfield, Mass, and a bagful of German patents. Allen & Co. also strengthened its foothold in the electric manufacturing field...
...which it holds controlling or substantial minority interests, Allen & Co. digs iron ore in Wyoming, gold in the Philippines, manages real estate in North Kansas City, New York City and Beverly Hills, runs railroads, buses and bridges in the Middle West. One of its biggest holdings is Colorado Fuel & Iron Corp., bought from the Rockefellers. All told, the companies Allen has a guiding hand in have a net worth of above $200 million, net $15 to $20 million a year profit. Allen does not look for immediate earnings but for long-term capital gains. Its income from banking and shrewd...
...proposed new ships would include "defense features" (e.g., extra fuel tanks, space for guns), the Maritime Commission was sure that the Defense department would put up enough extra cash so they could be built. Said Vice Admiral W. W. Smith, the commission's chairman: "It looks good for all of them...
...They tinkered hardly at all with the original idea of the 19th Century Scotsmen. When they got through, they had engines that weigh only 10 to 20 Ibs. per horsepower and are about as efficient as diesels. Their simplicity makes them cheap to maintain, and they burn almost any fuel, from oil to coal or corncobs...
...almost completely vibrationless. 3. It weighs only 250 Ibs. 4. It burns low-priced fuel. 5. It utilizes a practical form of atomic energy...