Word: mcnab
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Dates: during 1950-1959
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Since the resignation of Daniel Catton Rich last year, the Chicago Institute has been run by Acting Director Allan McNab, with a powerful assist from strong-minded Katherine Kuh, curator of paintings and sculpture. McNab will stay on as director of administration (staff: 405), thus freeing Maxon for matters of art. A bachelor, Maxon was born in Salt Lake City, trained at Manhattan's Cooper Union Art School and the University of Michigan, took his doctorate at Harvard...
...Wesley P. Goss, 54, vice president and general manager of Arizona's Magma Copper Co., moved up to president, succeeding A. J. McNab, who became chairman. One of the West's top mining engineers, Goss bossed development of Magma's famed San Manuel mine, largest underground copper mine...
...been found by prospectors along the San Pedro. During World War II, the Magma Copper Co., seventh biggest U.S. copper producer, took out an option and set up a subsidiary, the San Manuel Copper Corp., to explore the deposit. In the past seven years, Magma President Alexander J. McNab has spent $10 million on preliminary exploration and development, estimates that his mine contains half a billion tons of low-grade ore, biggest U.S. underground copper mine...
...ever made to a private company. With the money, Magma plans to build a town for 7,000, a concentrator, smelter and other installations. But there is one catch. Not till Magma raises $17 million for the mine from private sources will the RFC turn over its money. President McNab is still not sure where the $17 million will come from. But since the Government is willing to provide a guaranteed market at a price which will probably assure the company a profit, McNab is sure he can get the money. If he does, he estimates that...