Word: mille
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Dates: during 1950-1959
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Fields of Jute. Mohammed Ali was candid. The 1947 partition which created the Moslem state of Pakistan left it an agricultural country. It had vast fields of jute but not a single mill to convert it to burlap. To balance the economy, Pakistan needed industries. Some, the government has built itself. But "the best method of industrialization is through the investment of private venture capital," said Ali. Voicing the creed of a convinced free enterpriser, he declared: "It was the adventurous risk capital of the 19th century that built the fortress of industrial strength the U.S. enjoys today...
...Morgan & Co.), Bowater was able to borrow $45 million to provide the rest of the financing. They were willing to lend the money only because of another Bowater feat. He had signed a contract with more than 100 Southern publishers, under which they agreed to buy the mill's entire newsprint output for the next 15 years. With that accomplished, it was comparatively easy for Bowater to get a "certificate of necessity" (required during the Korean war) from the Government, though U.S. papermakers vigorously opposed his scheme...
Bowater built a newsprint mill on the Thames near London, and another near Liverpool, to supply several mass-circulation London dailies. He acquired timberlands and mills in Scandinavia, and as war approached turned to Newfoundland, where he bought International Paper's big plant at Corner Brook, and 7,000,000 acres of timber. At war's end, Sir Eric started diversifying into paper bags, paperboard and other products, which now account for almost 20% of his production. The $250 million Bowater empire now employs 16,000 in some 40 companies spread through eight nations of the free world...
...tons to 2,500,000 tons a year if the papers were to expand to their prewar size. And he is so enthusiastic about U.S. prospects that last week he announced a third paper machine will be added to the Calhoun plant, making it the biggest newsprint mill in the South...
...show of the last three years, returned to the air. The episode was not topflight Lucille Ball but proved good enough to score 46.8 against 15.8 for NBC's Medic. The big surprise of the evening was CBS's December Bride, a run-of-the-mill situation comedy starring Spring Byington. On its first appearance, Bride won a big 31.4 rating, nearly double that of NBC's competing Robert Montgomery Presents...