Word: lindsley
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...Lindsley's vast project will take 20 years or more to complete. A lacework of Yukon rivers and lakes, whose waters now flow north to the Arctic Ocean, will have to be dammed off in the north to form a new lake thousands of square miles in area and nearly 200 ft. deep. The backed-up waters, under one plan, would force the moving of the Yukon's largest town, Whitehorse (pop. 2,594), and the rerouting of the Alaska Highway and the Yukon Railway. The southern side of the manmade lake will be tapped, and its waters...
Classmate of F.D.R. No man is better equipped by experience than Thayer Lindsley to launch the Yukon project. The publicity-shy Ventures president has been one of the most successful operators in Canadian mining ever since he went to Canada from the U.S. in the early '20s with a nest egg of $30,000 in cash. Lindsley, a Harvard classmate of Franklin Roosevelt, got his initial capital and mining know-how operating an iron mine in Oregon, but it was in Canada that he came into...
...decades after Ventures was formed in 1928, Lindsley often traveled the hinterlands of Canada by pack and canoe, scouting mining properties. Ventures acquired the rich Falconbridge Nickel mines at Sudbury, Ont., Giant Yellowknife (gold) mine, United Keno Hill (lead) mines and a dozen other rich Canadian producers. The 20-odd Lindsley-controlled properties listed on the Toronto Stock Exchange are now valued at more than $236 million. Through a maze of 49 holding companies and operating subsidiaries, Ventures' mining interests have spread far beyond Canada and now are on four continents...
Mysterious Figure. Despite his widespread interests, Lindsley has remained an unknown, almost mysterious figure in the business world. He divides his time between his apartment on Manhattan's Park Avenue and a fashionable house in Toronto's suburban Forest Hills. He works up to 15 hours a day, much of the time poring over geological maps spread out on the living-room floor. "His work is studying his own mines," a colleague once said. "His relaxation is studying someone else...
...last week's shareholders' meeting, Lindsley let his aides expound most of the details of the great Yukon project. He said little except to summarize the plan with a shattering understatement: "The implications this may have on [the company's future] are far-reaching...