Word: hammerism
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...acre Pico property, and with each new start, not only derrick and drilling rig will be moved, but so will the shell that looks like a skyscraper. At dedication ceremonies last week, Los Angeles Mayor Sam Yorty presented a commendatory scroll to Occidental's chairman and president, Armand Hammer, who proclaimed: "The largest pool of oil in the world lies under Los Angeles. We believe that the Los Angeles fields can be developed to the profit of the city and its people. The problem is one of doing it without the unsightliness and noise that depress property values...
Wheat for Hides. If building a skyscraper to camouflage an oil well seems unusual, it is only in keeping with the career of Armand Hammer, 67, a bouncy man with some unusual ideas. The son of a Bronx physician, Hammer himself went to the Columbia College of Physicians and Surgeons. While there, he and an older brother purchased for peanuts a large supply of Government-owned pharmaceutical products that had become surplus with the end of World War I. In 1921, at the age of 23, Hammer became an M.D.-and, by selling his pharmaceuticals on a rising market...
Awaiting his internship, Hammer felt the call to perform some international good deeds. He bought a surplus field-hospital unit, including ambulance, from the U.S. Government, took it to Russia with every intention of providing medical treatment for the peasants. But when he discovered the famine in the Volga region, he told the Soviets that there was a glut of wheat in the U.S. and thereupon made a deal. For American wheat he bartered Russian furs, hides and caviar. Recalls Hammer: "Lenin called me to the Kremlin and said: 'We don't need doctors. We need Americans...
Explaining his business successes, Hammer says: "One thing leads to another. You see an opportunity, and everything after that falls in place." In 1944, Hammer saw a new opportunity when he learned that the American Distilling Co. was about to declare a dividend of one barrel of whisky per share. He bought 5,000 shares on margin-and to make his 5,000-bbl. dividend go up further, he mixed the whisky with alcohol made from potatoes purchased from Government sur pluses. The blend was sold to the wartime whisky-parched public and to other distillers. To produce the alcohol...
...National Hockey League's Most Valuable Player, its fastest skater (upward of 23 m.p.h.) and hardest shooter (his lefthanded slap shot rockets toward the net at 118 m.p.h.). Goalies complain that getting in the way of a Bobby Hull shot is "like being slugged with a sledge hammer," and practically everybody agrees with Montreal's Claude Provost that Hull is "the strongest guy in hockey." He even looks mean when he smiles, because he is missing his three front teeth...