Word: mininger
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Dates: during 1950-1959
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Doubtful Breakthrough. George Humphrey was just the man Washington needed in the years 1953-56. He had turned Cleveland's M. A. Hanna Co. from a money-losing ($2,000,000 a year) mining potpourri into a business giant with holdings worth $25 million. He could be counted upon...
Career. Appointed state tax commissioner at 24, he became at 31 general manager of the W. T. Waggoner estate, a land, cattle and oil empire sprawling over six Texas counties. Turning down inviting offers-among them the $75,000-a-year presidency of the American Petroleum Institute- he stuck with...
Death Valley Days. U.S. Borax is only a corporate infant-formed last year by the merger of oldtimers Pacific Coast Borax Co. and U.S. Potash Co. But it has close to a natural monopoly, holds 63% of the free world's deposits, including the only big deposit of sodium...
Coleman acquired a deposit in California's Death Valley. In 120° heat he began mining borax in the valley 280 ft. below sea level. To transport the ore over jagged peaks and through the desert to Mojave, Calif., he formed the famed 20-mule team (actually 18 mules...
Bright Future. Sinclair Oil Corp. is also experimenting, trying a method of drilling holes into shale beds, fracturing the strata by driving in high-pressure water, then using fuel-oil fires to distill out the shale oil. Though the oil recovery may not be high, the Sinclair idea would save...