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...energy that rebuilt Grace flows from President J. Peter Grace Jr., 48, the barrel-chested grandson of William Russell Grace, who founded the company in 1854. Founder Grace, a scrawny, 22-year-old refugee from the Irish potato famine, began as a ship's chandler to the merchantmen who were flocking to Peru for cargoes of guano, the mineral-rich bird droppings used as fertilizer. With his profits as a chandler, he outfitted his own ships, established sugar plantations, and soon had created an intricate distribution network up and down the west coast of South America...

Author: /time Magazine | Title: Corporations: A Matter of Chemistry | 3/23/1962 | See Source »

...sentences, he declared: "What happened today is more serious than Suez. Any division in national unity is much more serious than foreign aggression." To "straighten out the situation," as he put it in his broadcast, Nasser ordered his fleet and 2,000 paratroops to take seaport Latakia, started commandeering merchantmen to haul ground troops to Syria, which is seperated from Egypt by Jordan, Lebanon and Israel. Suddenly, Nasser changed his mind. He called off the attack just after the first 120 Egyptian paratroops landed. (They surrendered.) Explaining his decision, Nasser asked sadly: "Does Arab fight Arab? For whose sake will...

Author: /time Magazine | Title: Middle East: End of a Myth | 10/6/1961 | See Source »

Background. Until 1917, the Senate had no real cloture rule. In March 1917 a band of eleven Senators led by Progressives Robert La Follette of Wisconsin and George Norris of Nebraska filibustered to death President Wilson's request for permission to arm U.S. merchantmen against German submarines.* When Wilson called the Senate into extraordinary session, an outraged majority, led by Montana's Democratic Senator Thomas J. Walsh, imposed a rule under which debate could be ended by two-thirds of the Senators voting. But the new rule had a fatal flaw: it provided a method for cloture...

Author: /time Magazine | Title: National Affairs: BATTLE OF THE SENATE | 1/12/1959 | See Source »

...start British Columbia has strained men's energies. The first Briton to land there, Captain James Cook, put in at Nootka Sound in 1778 to gaze at the stands of tall timber, the schools of ocean salmon and herds of sea otter. Within a few years British merchantmen plied regular routes from the British Columbia coasts with cargoes of furs for China, Britain and the U.S. Pelts were only the beginning. The cry "gold" brought a clamoring horde of adventurers sweeping north from the U.S. to mining camps along the Fraser in the 1850s. By 1885, when a rail...

Author: /time Magazine | Title: The Hemisphere: CANADA: British Columbia at 100 | 10/27/1958 | See Source »

...Indonesia the religion of the Prophet rests on a foundation of Buddhism, animism and assorted superstitions that date from prehistory. War has always been highly regarded and widely practiced. For centuries, native praus flashed out from inlets and rivers to send kris-waving pirates swarming aboard European merchantmen richly laden with the wealth of the Spice Islands. The conquering Dutch were never able to thoroughly subdue Atjeh, on the northern tip of Sumatra. In 1906 a Balinese rajah, his sons, wives, concubines and soldiers committed mass suicide rather than surrender...

Author: /time Magazine | Title: INDONESIA: Djago, the Rooster | 3/10/1958 | See Source »

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