Word: lumbers
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Marriner Stoddard Eccles grew up in Logan, Utah, a rich & pious Mormon- grandson of a covered-wagon pioneer, son of a lumber-banking-utilities tycoon. At 19, graduated from Brigham Young College, he went as a missionary to Scotland. He came home, put his capital with the capital of Browning-firearms heirs to start the First Security system which operated 28 banks (now consolidated into twelve) in Utah, Idaho, Wyoming. He became vice president and treasurer of Amalgamated Sugar Co. and headed a construction company which got a big job out of Hoover Dam.* Last week, aged 43, Marriner Eccles...
...their inheritance to paying off the mortgage on the sisters' farm, set off to shift for themselves. Aged 20, a brawny big youngster, Jesse found himself in Dallas, Tex. He had no money but he did have a well-connected uncle. The uncle ran the M. T. Jones Lumber Co., gave Jesse a job in one of its yards. In a year Jesse was yard manager. In three years he was general manager of the whole concern, planning to extend the company further through Texas and Okla homa. It was then that he moved the scene of his operations...
Herreshoff workers had been waiting for weeks. On its own initiative the company had laid down the new boat's lines in the mold loft, ordered lumber and lead. On the syndicate's say-so the first frames for the hull were bent last week...
...rates in terms of China's silver money. Result of this dumping is likely to be deflation in China. Chinese workmen will be thrown out of work, and the probable result will be actual reduction of China's demand for foreign goods including U. S. cotton, oil, lumber...
...stubborn industrialists. Just before midnight, when the President is leaving for Hyde Park, General Johnson dashes for the White House. "Three major codes signed!" he cries. "That's a day's work!' Estimated jobs created: lumber, 115,000; steel, 50,000; oil, 240,800. Aug. 27-The automobile business becomes the fifth major industry to be codified. "My one regret," says General Johnson, "is that Henry Ford did not sign." Aug. 31-Dudley Gates of Chicago, Johnson's right hand man for industry, resigns. Mr. Gates believed in vertical unions, rather than the oldstyle horizontal unions...