Word: hazardous
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...stiffen venture capital's spine against this hazard, the White House announced a new policy. Treasury, Defense Advisory Commission and Federal Loan Agency all agreed that capital outlays for Defense may be written off the owner's books, in the tax returns, at 20% a year (far higher than normal depreciation rates in most manufacturing industries). By reducing their taxable profits on war goods, this depreciation rate will keep many manufacturers out of the higher brackets of an excess-profits...
...which has meant a shortage in many a cold winter. Unwilling to spend several million dollars for a new pipe line, East Ohio has also discarded plans for storage tanks, because 150,000,000 cubic feet of needed reserve would fill 30 huge tanks, be an intolerable fire hazard...
Last week East Ohio extricated itself from the dilemma. Proudly announced by President Charles Eugene Gallagher was a scheme that got the storage problem down to three dinky (57-foot) spherical tanks, the expense down to $1,000,000, the fire hazard to zero. The scheme: liquefaction. Against next winter's peak demand. East Ohio will next fall compress natural gas under 600 pounds of pressure, liquefy it by cooling at 250° F. below zero, pour it into insulated sphericals. In the three tanks, Utilitarian Gallagher will have the liquid equivalent of 150,000,000 cubic feet, compressed...
Varsity 150-pound: Vincent R. Bailey '40, stroke; Howard N. Turner, Jr. '40, 7; Samuel F. Peirce '40, 6; S. Chandler Crocker '41, 5; Peter H. Hazard '41, 4; Calvin H. Elliott, Jr, '40, 3; Peter J. Kooniger '41, 2; Henry R. Shepley, Jr. '41, bow; Edward B. Learner '40, coxawain...
Students at the East Boston field have some difficulty landing and taking off because of the extremely heavy traffic--on March 28 a new high of over 1600 takeoffs in a single day was recorded. Dennison, though much less crowded, has a substitute hazard of telephone wires adjacent to the landing space, recalling Will Rogers's definition of an airport: "A small plot of land surrounded by high tension wires...