Word: goldings
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Dates: during 1950-1959
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...equal slice of Kay Kendall, Gregory Peck, Tennessee Williams and a host of other gold-plated names? For new light on the vast organization that collects these tidy percentages, keeps itself in the dark as much as it keeps its clients in the limelight, and controls much of what the U.S. sees in movies and TV, see BUSINESS, 10% of Everything...
...Fellow. Lyndon Johnson has never ridden higher, and he should be a happy man. But he is not, and he may never be. He sits at his command-post desk in Office G14, Senate wing, U.S. Capitol, restless with energy, tumbling with talk. He flashes gold cuff links, fiddles with the gold band of a gold wristwatch, toys with a tiny gold pillbox, tinkers with a gold desk ornament. And he glances often at the green wall, where hangs Edmund Burke's framed warning about the vexations of leadership...
Ever since 1955, Cleveland's M. A. Hanna coal and iron company has had its eye on a South American lode that would make any miner sharpen his pick. The property: Brazil's St. John D'el Rey, which Brazilians romantically labeled the "heart of gold within a breast of iron." Spreading over 100 square miles in Minas Gerais state, some 200 miles north of Rio de Janeiro, the D'el Rey mines produced only gold for 120 years-and in recent times some heavy deficits for the company's British owners. What magnetized Hanna...
...announced that it had control of St. John D'el Key and would operate it. The details of the deal were secret, but there was no secret about the richness of the prize. Though D'el Key's British owners dug nearly $300 million worth of gold over the years from a maze of galleries running five miles into the earth, they never laid a serious shovel on the iron. In fact, they had bought the lematite ridges humping hundreds of feet high around the property only to protect water rights for their gold mining. Hanna will...
...Gold from Iron. Hanna's goal is to turn D'el Key into a major ore supplier for the U.S. and Europe; D'el Key will be almost as big as Hanna's Labrador project, which shipped about 12.5 million tons last year. It plans to spend something like $300 million for equipment, a railroad and a port to get the ore to market. In winter, Hanna's fleet of 40,000-ton ore carriers will shift southward from ice-locked Labrador to Brazil, cut around the world carrying 10 million tons of ore annually...