Word: merchant
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...York exactly on schedule. For Hamburg and all of West Germany, the voyage was indeed cause for celebration. The newest, biggest (30,029 gross tons), fastest (21 knots) liner under the German flag, the Hanseatic represents a mighty step forward in a mighty comeback for West Germany's merchant marine. For the first time, total tonnage has climbed above prewar levels...
Taxes & Tourists. With many former German shipyards now in Communist territory, West Germany still ranks only tenth in world tonnage, v. fifth before the war. But the fact that it has climbed even that high is remarkable, because World War II wiped out the German merchant marine. Ninety-seven percent of Germany's total tonnage was sunk or captured, the rest confiscated. Scraping together what slim funds were available, German shipbuilders started in 1949 to rebuild their fleet. To help them along, the government decreed that money invested in merchant ships could be deducted from income...
...Rudolf August Oetker, who started from scratch and now surpasses both Hamburg-American and its fellow giant, North German Lloyd. Taking advantage of the government tax law (which was repealed 3^ years ago), Oetker invested his big baking-powder profits in shipping. Oetker today controls the largest single German merchant fleet in terms of tonnage, consisting of 40 modern freighters and tankers totaling 375,000 tons...
While rubbernecking in Manhattan in his billowy red robes of office and a three-cornered black hat, the Lord Mayor of Bristol, England, Fitzroy Chamberlain, dropped an unlikely footnote to history. Historians, said he, are hopelessly unjust in attributing the name America to Italian Mapmaker and Merchant Amerigo Vespucci (1451-1512). The eponym in truth: a fine English lad named Richard Amerycke. In the Bristol view of history, Amerycke, a customs collector, saw to it that Italian Explorer John Cabot, who discovered Cape Breton Island in 1497 and claimed it for the British crown, received a pension from King Henry...
...movement began in 1872 with Charles Taze Russell, a small, intense-looking Pittsburgh merchant who joined the Congregational Church but disliked thinking of hell as fiery and eternal. "Would you hold a puppy dog's tail in the fire three minutes?" he asked. Neither would a just God, was his argument. To "turn the hose on hell," Russell went back to the Bible and found the words: "And many of them that sleep in the dust of the earth shall awake" (Daniel...