Word: lumberingly
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When Steve left a year later, it was the end of his formal education. He shipped out on an oil tanker, worked in lumber camps, did a tour in the Marine Corps, worked as a sandalmaker, a delivery boy and as a carny huckster. "We were selling these ballpoint pens," he says, "and man, they were worth like 160 apiece. And we were sellin' them for a buck. It was a full scam...
...lawyers always on hand to interpret them. Snorted an exasperated Englishman: "In England, lawyers tend to be kept in their proper place as advisers." It may surprise U.S. businessmen, but foreign companies make few complaints about U.S. labor. In fact, Takuji Ohshimo, executive director of the Japanese-owned Alaska Lumber & Pulp Co., finds negotiating with U.S. unions a relief. "Their demands are strictly economic," he says. "This makes it very different from Japan, where labor disputes often get helplessly involved because of class-war cries and political hues...
...district for $1 a year, he borrowed $32,000 on his signature, bought some surplus Army barracks, and built a school annex housing a library, cafeteria and home economics classroom. While paying off the debt with proceeds from the cafeteria and athletic events concessions, Mallory borrowed again to buy lumber from an abandoned Army hospital, used it to construct a science and industrial arts building costing $11,000. Then in 1957, to solve the housing shortage that repels teachers from rural areas, Mallory again cannibalized the Army hospital and built a $72,000 "teacherage" with apartments renting for a maximum...
...Weyerhaeuser's evergreen empire began in 1900 when Immigrant Lumberman Frederick Weyerhaeuser bought 900,000 acres of forest from his St. Paul neighbor. Northern Pacific Railroad Builder James J. Hill; he paid $5,400,000 for property today valued at $1,750,000,000. In the early days, lumber mills customarily burned off waste or dumped it in nearby rivers, polluting them. Weyerhaeuser, spurred by the New Deal's emphasis on conservation, looked for ways to use waste. Over the years, it found a process to bleach fir pulp white to make it suitable for better-grade papermaking...
Initiation Over. The initiation and the losses it involved are about over. For the past three years the lumber industry has been plagued by overcapacity, Canadian competition and sales losses to such rival materials as plastics and metal. But Weyerhaeuser increased sales and earnings last year, for the first quarter of 1963 raised sales another 14% to $136,856,000 and profits 25% to $9,288,000. Its basic position is good: it has no debts, $117 million in working capital and a fourth-generation-seedling in Vice President Weyerhaeuser, 36,* who is ready to take over when his uncle...