Word: gracing
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Dates: during 1960-1969
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...Rather Reason. Lyndon's saving grace was what a fellow student, Dr. Emmette S. Redford, now on the University of Texas faculty, calls his "inquisitive mind and intense interest in everything related to politics." That interest was encouraged by his father, a state legislator, and spurred Lyndon's lifelong interest in public speaking. As a high school debater. Lyndon with another student won a countywide debate competition. In most of his dealings, recalls Redford, Lyndon "tried to win his points with words-he'd reason and argue instead of fighting-and in those days kids had plenty...
When he is not visiting his plants in Europe, Latin America or Africa-an activity that consumes half his time-J. Peter Grace is apt to spend his evenings studying chemistry in his Long Island home. "I'm not a chemist by any means," he explains, "but things change so fast in chemistry today that any man would have to study just as hard as I do to keep up." Grace's studies have paid off for the firm that he heads, W. R. Grace...
Once solely a shipping and overseas-trading firm (founded by Grace's grandfather in 1854), Grace has become one of the largest U.S. chemical companies. Since 1952, when Peter first plunged Grace into chemicals, its annual sales have risen from $315 million to $815 million; chemicals now account for more than 62% of the total. Last week at the company's annual meeting in Chicago, Peter Grace predicted that chemicals would be the major factor in pushing 1965's sales close to $1 billion...
Liquefying Ammonia. To keep earnings of chemical products increasing at their current 25% -per-year rate, Grace has been busy building new plants and expanding older ones. The company is enlarging the capacity of an $85 million ammonia-plant complex in Trinidad, has just opened an $8,000,000 phosphate plant in Bayonne, France, which it will supply from one of the world's richest rock-phosphate mines, jointly owned by Grace and French interests in the African Republic of Togo. In the U.S., Grace is completing a factory near Buffalo for reprocessing nuclear fuel. In the Midwest...
...Grace has purchased two Dutch chocolate producers, a dairy company in Ireland and a general food company in Guatemala, increased the production of its biscuit, candy and sugar companies in Latin America. Food sales, which accounted for only 4% of Grace's revenues in 1962, reached...