Word: mille
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Dates: during 1950-1959
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Last week Banker Black opened the moneybags for a still bigger loan to India: $75 million (at 4½%) for a huge, new steel mill to be built by Kaiser Industries for Tata Iron & Steel Co. The plant will eventually increase India's steel output by 45% to 2,000,000 tons annually. This week another new loan-$200 million to Chile-was approved, in Banker Black's biggest deal to date. With the money, Chile will launch an eight-year agricultural development plan to buy farm equipment, build new roads and start modern agricultural schools, thus make...
Albert's fall had been far faster than even his fast rise. He got his start by trading his holdings in L. Albert & Son, a family rubber-mill and plastic-molding machinery business that he inherited from his father (1954 gross: $1,246,000), for 82% of the 1,300,900 shares of Bellanca, then a corporate shell which had some aircraft-parts contracts. Thus, he got a listing on the American Stock Exchange, and a ready market for stock. Albert promptly bought or traded into major interests in a grab bag of some 70 companies, including control...
...Dewey with his "bagpipe drone," John Erskine with his "princely introductions to the poets"-as well as a cluster of such talented younger men as Mark Van Doren, Mortimer Adler and Irwin Edman. To help pay his bills, Barzun and some friends ran a "perfectly legal and honest tutoring mill" called Ghosts Inc. "No subjects were barred. If a retired minister came who wanted to read Hamlet in Esperanto (one did), we supplied an instructor who spoke the language like a native." In 1927, at the time of his graduation, Barzun stood at the top of his class...
...corporate Paul Bunyans. To make the most of every shaving and splinter, lumber companies are branching into paper and pulp production; paper companies are pushing into lumber manufacture. Georgia-Pacific Corp., No. 2 plywood producer (after U.S. Plywood), recently broke ground for a $20 million pulp and paper mill at Toledo, Ore. Georgia-Pacific President Owen Cheatham, who has increased the company's timber reserves and cutting rights 1,000% since 1953, explained: "We aim to parlay the $900,000 worth of wood chips we sell to paper companies each year into a $10 million paper business...
...total output) will hit 1.5 million tons worth $46.5 million in fiscal 1956. He predicted that within two years Plateau production will increase to 2,500,000 tons annually. Said Johnson: "During the past two months, the AEC has received and is actively considering more proposals for processing mills than it did in any two-year period before." In 1955, the U.S. had only nine mills operating, with contracts for five new ones. As of last week, there were ten formal mill proposals before AEC, eight for new mills and two to expand existing plants...