Word: inland
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Dates: during 1950-1959
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...carrying 41 million tons of freight some 7 billion ton-miles annually-more tonnage over a greater distance than either the Kiel or the Panama Canal. Touching every major Gulf port, it has helped boost New Orleans into the nation's No. 2 seaport, transformed Houston from an inland city into one of the busiest U.S. ports, handling $500 million worth of waterway cargo alone last year, including everything from autos to seashells. The waterway has also opened up the Gulf's vast natural resources at bargain-basement prices. By using strings of heavily laden barges, businessmen...
...presidency of the fourth largest, Jones & Laughlin Steel Corp. (ingot capacity: 6.2 million tons). Yaleman Adams, a slender six-footer, started as an open-hearth laborer in 1919 at the old Trumbull Steel Co., where he worked up to assistant general sales manager. Later, he held vice-presidencies with Inland Steel Co., U.S. Steel Corp., Portsmouth Steel Corp., Detroit Steel Corp. Adams caught the fancy of Jones & Laughlin's Chairman Ben Moreell, who remains chief executive officer, by his $115 million Pittsburgh Steel rebuilding program, which is expected to increase sales from $118 million in 1950 to an estimated...
...sunny afternoon last week Besley sat down at his favorite window, focused his glasses on the lake. He watched a launch cut through the water, the frolicking bathers on the beach. Shifting his gaze inland he saw a woman sitting on a camp chair. She was reading a book. Walking slowly up from behind her, a white shirt in his hand, was a tanned, muscular, bare-chested man. Curious, Besley watched as the man walked along the edge of a thicket, suddenly dropped to his hands and knees and crawled into the bushes...
...when news photographers whooped them on, spent most of their tours on the picket line playing ball, shooting craps, or gazing at television sets plugged into management's power outlets. In Gary, Ind., pickets used an air-conditioned, seven-seat mobile toilet lent them by U.S. Steel. An Inland Steel official called the situation "a comic opera." Said a U.S. Steel executive: "It's just as if they'd all been let out of school...
...Chairman Frank E. Naley: "If his recovery is rapid and complete, there should be no letup in the record industrial expansion. A slow recovery or a decision to withdraw from politics could possibly cause some hesitation, but would not stop the expansion program. The momentum is too great." Added Inland Steel's President Joseph L. Block: "Over the long range, no one man's health can have much effect. The forces in the economy are too powerful." Said the world's biggest banker. President S. Clark Beise of the Bank of America: "We will all carry...