Word: lumber
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Dates: during 1950-1959
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Business Career: Started as a lumberjack with the Black River Lumber Co. in south Vermont, advanced to logging foreman, moved up to company treasurer in 1921. As treasurer, he trimmed the budget so effectively that he was grabbed off by the parent company, the Parker-Young Co. of Lincoln. N.H.; rose to be general manager...
...major reasons why the U.S. has found as well as consumed more oil each year, says Jacobsen, is the impetus given to oil hunting by the Government's depletion allowance. (A similar allowance is also given on other minerals and on lumber.) Though Harry Truman and other Fair Deal politicos have railed against it as a tax steal, Jacobsen points out that the allowance has made possible a multitude of industries based on expanding oil production, and thus vastly added to the corporate taxpayers. "Moreover," says Jacobsen, "gasoline is lower-priced today, without taxes, than...
Aspirin Parties. Kellerman, an ex-G.I. started his assignment by getting a short haircut, putting away his horn-rimmed glasses, and dressing in a tattered lumber-jacket and an old pair of Army pants. Late one night he was driven to Riverhead (pop. 4,892), the county seat 60 miles away from the paper's office, where he would not be recognized, and dropped off near a bar. Kellerman hung around the bar, making an obvious show of casing the place, while the proprietor and his wife eyed him suspiciously. After closing time Kellerman went around...
...flew around the field at a height of about 40 feet for 8.9 minutes. The XH-17, built for the Air Force by Planemaker Howard Hughes, is designed to lift for short distances loads of several tons (e.g., artillery, bridge sections, tanks and trucks) by straddling them like a lumber carrier. Power is provided by two General Electric turbojet engines astride the fuselage plus afterburners on the rotor tips. Like the Air Force, the Army is also deeply interested in helicopters. Last week it added $200 million to its 1953-54 budget to buy some 4,000 smaller helicopters...
Clues. In Joplin, Mo., Police Radio Dispatcher Jim Miller broadcast the description of a stolen vehicle, wasn't surprised when police quickly found it: a bright red truck with a load of lumber topped by three bathtubs...