Word: lumber
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Reed's bounce is built in. The second son of a Welsh-born lumber company accountant in Philadelphia, he was a hard-plugging student and star footballer in high school. He won a scholarship to Princeton, but had to drop out when his father lost his job. He got an accounting job by day, went to Philadelphia's Wharton School at night. At 29, he went to American Express as assistant to the comptroller, rose through the ranks, until in 1944 he became president...
...many of his colleagues in the U.S. Foreign Service, long-legged Angus Ward was always a bit of a trial. When Angus joined the service in 1925, after a varied career as a lumber salesman, army officer, exporter and timber evaluator for the Bureau of Internal Revenue, an Ivy League degree was assumed to be part of a U.S. diplomat's equipment. In such company Canadian-born Angus Ward, who spoke with a Scottish burr and who had no degree at all, stuck out like a sore thumb...
...Administration has a multitude of business operations. Last week the GSA got a boss with experience in a multitude of business fields. Sworn in as General Services Administrator was big (6 ft. 3 in., 198 Ibs.), gruff Franklin Floete (pronounced floaty), who has been a banker, real estate dealer, lumber retailer, construction company operator, automobile distributor, tractor and farm implement dealer, rancher (he lives on what he believes to be the only farm within the Des Moines city limits) and, most recently, Assistant Secretary of Defense for Properties and Installations...
...RATE BOOST will give U.S. railroads another $400 million in revenue annually. After looking at spiraling costs in the railroad industry, the Interstate Commerce Commission has granted U.S. roads a series of "just and reasonable" increases, ranging up to 6% on a wide range of products from coal to lumber; however, most farm products will be held to a 5% increase...
...forced labor camps. Why kill opponents when work can be got out of them? Like the Soviet Communists, the Chinese believe in the theory of "reform through labor." Millions, including many with "suspended death sentences," have been trucked to railroad and water conservation projects all over China and to lumber camps in Manchuria...