Word: junkyard
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Raider Louis Wolfson, who parlayed a Jacksonville junkyard into a $240 million empire and attempted to gain control of giant Montgomery Ward, sounded a general retreat last week. He is getting out of Montgomery Ward and selling all his 59,000 shares (at an expected profit of about $750,000). Furthermore, he is thinking of selling the Highway Trailer Co., the Marion Power Shovel Co. and its subsidiary, the Osgood Co., all controlled by Merritt-Chapman & Scott, which Wolfson runs as chairman, president and chief stockholder (more than 157,000 out of 5,374,360 shares...
...bitter end of World War II, the U.S. captured Okinawa in the bloodiest engagement of the Pacific, and for four years the despondency of devastation settled over the island. On its fields, supplies-stockpiled for an invasion of Japan that never happened-moldered and rotted. Okinawa became "the junkyard of the Pacific," the outpost of the outcasts, the place where old jeeps and obsolete colonels went to rust away under the gentle melancholy of the August moon...
Atomic Cannon. Last week Okinawa was no longer anybody's junkyard. Four-lane highways lace the island. Modern typhoon-proof buildings dot the lush hills. On the seaside flatlands, Army warehouses stretch for serried miles. Hillsides are honeycombed with underground ammunition dumps. Offshore, sleek F-84s practice simulated A-bomb drops. And as the final cap to its new significance, the Army last week landed atomic cannon on Okinawa, the first in the Far East...
...techniques of welding and brazing are taught in high-school shop courses throughout the U.S.; the materials, iron and steel, can be found in any junkyard. The inspiration for many of the new space concepts is as easy to find: in the confused welter of the modern cityscape with its forest of TV aerials, bridges, air-raid-siren platforms, metal scaffolding and skyscraper girders. In the hands of U.S. sculptor-welders, this new handling of space has resulted in a myriad of styles from a long roster of native talents...
...they are vanishing fast. Some, no doubt, have gone to California where, for the next few years, they may serve to perpetuate a legend (fog, a barrel-organ and a 1921 Unic taxi honking its way through the murk). The remainder are finding their way, rather quickly, to the junkyard...