Word: hecla
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Dates: during 1940-1949
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Died. Maximilian Agassiz, 77, swank grandson of the famed 19th-Century naturalist Louis Agassiz and president of both Newport's Reading Room (stag) and Clambake Club (coed); after a ten-year illness; in Newport, R.I. His father, Harvard Savant Alexander Agassiz, helped develop Calumet & Hecla copper mines, left him a fortune out of which he paid many a newsboy's way through college...
First WPB moderated this anti-bigness policy, allowed Calumet & Hecla to charge 17? for whatever it could take out of an abandoned, high-cost pit. Last week WPB went further, let it be known that henceforth it will allow all the big companies to negotiate prices on a mine-by-mine basis, will give them a fighting chance to get in on a bonus by stepping up the output from individual shafts...