Word: nickels
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Dates: during 1950-1959
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...forbidding Ahaggar mountains in the central Sahara, prospectors have found samples of gold, platinum, nickel, tin, chromium, asbestos, tungsten, uranium, copper, and one small diamond. But the area is separated from the nearest port by 1,400 miles of sand-swept desert trails. Admitted the French government's mining boss in Algeria, Turquet de Beauregard: "Even if we discovered a mountain of pure iron down there, it would not pay to ship it. So we have to look for very precious ores, such as platinum and uranium, which would be worth sending by plane...
United Press service also demands a philosophical disposition, for its low pay scale and tightwad expense accounts are legendary. During a national political convention in Chicago, longtime Bureaus Supervisor L. B. ("Save a Nickel") Mickel cut down on expense accounts so sharply that General News Manager Earl Johnson told his men to retaliate by signing all their hotel meal checks with Mickel's name; Mickel was barely able to leave town. A sardonic example of U.P. tightfistedness was an exchange one day between Atlanta, the U.P.'s southern division relay point, and Raleigh, N.C., where a staffer...
...clearance had a painful effect on profits. Grumbled Motorola Vice President Robert Galvin: "In the last two years the industry has sold 14 million sets without anybody making a nickel." Agreed Admiral's Chairman Ross Siragusa: "We the manufacturers, you the distributors and our dealers have been the greatest philanthropists in the United States...
...Magnetics Inc. was started in a Butler, (Pa.) garage in 1949 by Engineer Arthur O. Black, who had an idea for magnetic nickel-iron amplifiers to take over some vacuum-tube functions. The first year Black had seven customers, sales of $15,000. This year, with more than 800 customers clamoring for "magamps" for radar, sonar and computer systems, Magnetics Inc. employs 320 people, will see its sales soar to $5,000,000. Says Black: "It never crossed my mind that we'd fail, but I never expected this...
...remember," said Fazio last week, "when people wouldn't have walked across the street to bowl. I'll bet a plugged nickel to a $5 bill that I can walk down any street in any town and somebody'll recognize me. Even the children are coming into the game...