Word: gracing
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Dates: during 1940-1949
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...Urgent" legislation passed last week: a bill to give soldiers & sailors and U.S. employes abroad three months' grace after they get home before they have to file income-tax returns...
...more purposively than their feet. Lithe, hollow-cheeked Bhupesh Guha became the god of spring, his fluttering hand a bee alighting on a flower to drink honey. Willowy Sushila was the lotus-born Lakshmi, placing buds at the feet of Vishnu, her arms and hands moving with the deliberate grace of a cobra. Bhupesh Guha became a hunter with tasseled spear, stalking the tiger, wary, fleet, then charging in for the kill. His frenzied ritual dance around the slain animal, joined by three women, was a bolero of stabbing rhythm...
...open this week came the strangest internal fight in U.S. airline history. The battlers: nimble, Washington-wise, $60,000,000 Pan American Airways v. cagev, 90-year-old, multi-million-dollar W. R. Grace & Co., shippers, bankers and international traders. Pan Am boasts many a foe's scalp; Grace has a reputation for never losing a battle. The prize is domination of a great airline they started together, Pan American-Grace Airways (Panagra). The only important airline on the whole west coast of South America, Panagra flies over 8,000 route-miles from the Canal Zone to Santiago...
Panagra started about 1928, when Pan Am was first nosing into South America. On the east coast Pan Am had no U.S. competition. But in the west Pan Am ran smack into Grace, which has toted Chilean nitrates, Colombian coffee, Peruvian copper and Panama hats in its green, white & black funneled ships for decades, considers that part of South America a state of Grace. Grace was thinking about an airline to complement its shipping business. So Pan Am and Grace made a deal-each anted up $500,000, agreed to own and operate Panagra, 50-50. Panagra started flying...
...Panagra had two big troubles: 1) of eight directors, four are elected by Pan Am, four by Grace. (Until three years ago they could not even agree on election of a president or chairman.) 2) It is a dead-end airline, and Pan Am would like to keep it that way. It begins & ends in South America (see map p. 50), connects with the lush U.S. market only through Pan Am. Today, ten weekly Panagra flights in & out of Cristobal bottleneck into six Pan Am flights direct to or from Miami. But if a Panagra passenger has plenty of time...