Word: lode
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Dates: during 1950-1959
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...gyrated between boom and bust, went from a $10 million profit in 1917 to an $800,000 deficit in 1921 when defense needs slacked off, and the company actually had to shut down for twelve months, Stanley and Thompson worked years to find peacetime uses for the fabulous nickel lode, helped develop heavy-duty nickel steels for dozens of products, taught businessmen new ways to use nickel in household equipment, autos, steel and other products...
...first time in my life, I was homesick." Cloar began a long voyage home, a year later was back in Arkansas. "I tried to imagine how things seemed to me when I was a child," he says. He found his mother's old picture album a rich lode to mine. Setting up his studio in nearby Memphis, Cloar painted My father was big as a tree, recording his boyhood image of his looming (200 Ibs., 6 ft. 1 in.) father, Charlie Cloar. Arrival of the Germans in Crittenden County, if they won the war they would be over here...
After giving Baltimore the best that they could assemble, the peripatetic Wurtzburgers decided two years ago to branch out to Oceanic art, went on a streamlined tour of the South and West Pacific islands. Again they found themselves collectors-come-lately. They did not hit a good lode until they reached Australia and found a Melbourne curator willing to sell his private collection. Says Wurtzburger: "We picked the eyes out of his collection." They filled it out with purchases in London and Paris...
After gold and silver were discovered in California, Telegraph Tycoon J.W. Mackay brought in three tons of silver from the Comstock lode and had Tiffany's make it into 1,000 pieces of table silver. One day President Lincoln dropped in to pick up a strand of pearls for the First Lady. Diamond Jim Brady earned his nickname with Tiffany diamonds, and an admirer of Sarah Bernhardt ordered for her a bicycle set with diamonds and rubies. Tiffany's even made horseshoes for the thoroughbreds of Tobacco Millionaire P. Lorillard. Steelmaker Charles Schwab once strolled into Tiffany...
...Americans prosperous simply because they stumbled upon a fabulous lode of natural resources? The book quotes the late Economist Wesley Mitchell, who pointed out that American Indians "lived in a poverty-stricken environment. For them, no coal existed, no petroleum, no metals beyond nuggets of pure copper . . . A precarious food supply, flimsy housing, mystical medicine and chronic warfare limited the increase in numbers." Says Dewhurst: "Technology, in fact, can be thought of as the primary resource; without it all other resources would be economically nonexistent . . . Technological progress during the past century, especially since 1900, appears to have been more rapid...