Word: invest
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Dates: during 1950-1959
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Rent in Advance. A company ready to invest in Alberta oil can lease the rights on almost any amount of land by paying an advance yearly rent of $1 an acre and signing an agreement to go ahead with immediate exploration. When a company strikes oil, it has three months to map out its entire lease in alternate blocks, usually in checkerboard pattern. The company keeps half the blocks, and pays land rent to the farm owners (up to $1,500 a well), plus a government royalty averaging 14% on all oil produced. The alternate blocks of the checkerboard revert...
...what was happening to them. But now we're ready." One of the main reasons why McLendon's Texas-born Liberty network was ready last week was a visit he paid to Houston's oil-rich Hugh Roy Cullen. The $1,000,000 Cullen agreed to invest in Liberty was enough to make him a partner in a network that has become the nation's second biggest in number of stations...
Although a university cannot invest heavily in every field of learning and still meet its budget, a school with a large graduate program must cover certain fields adequately. Harvard continues to de-emphasize at a time when political geographers are needed by the government and when other schools, such as Yale, are building up their geography studies. The void in geography also hurts departments like Economics and History whose students cannot get expert help in problems tied up with geography...
...Island has long been the dump for central Boston, at great cost to everyone. In 1951 the Coleman Disposal Company will charge $530,000 to truck rubbish to two Atlantic Avenue piers, load it onto scows, and tow it out to the island. Because no new company wants to invest the large sums necessary for scows and other equipment on the mere chance of getting a contract, the Coleman Company has a virtual monopoly. It has held its job for the last 30 years. In 1947, when the Coleman Company was charging $414,000, the Financial Commission claimed that Boston...
...last five years, responsible city officials have advocated a large city-owned incinerator to break this monopoly. When disposal facilities are owned by the city, any company can muster enough money to invest in necessary equipment, and can therefore afford to bid. An incinerator would also cut off the $75,000 expense of dragging the refuse out to Spectacle Island. In 1945, $30,000 was appropriated to plan an incinerator, and an engineer engaged to do it. But when the design was submitted, the Public Works Commissioner rejected it on two relatively minor points. Nothing has happened since...