Word: oil
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Dates: during 1950-1959
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...Goodwin Knight, 62, California's Republican helmsman from 1953 until this year, knew that he would be no exception. From the start he failed to hit it off with Minnesota Artist Cameron Booth, picked by a nonpartisan art committee from more than 100 painters to immortalize Goodie in oil for a $3,000 fee. Last week Knight saw the result for the first time. His reaction: anguish. His main objections were to the color of his suit (brown, which he never wears) and the angle of his gaze (oblique, instead of piercing the viewer from any angle). Said Goodie...
...Employers' groups flatly rejected them, later made an unacceptably low offer. The unions refused arbitration, called the walkout instead. Most provincial papers-about 1,100 weeklies and 87 dailies-soon were forced to suspend operations completely. Others put on the old school try, produced truncated editions using midnight oil and ingenuity...
...eleventh; Bethlehem Steel, which was ninth, dropped to twelfth. Newcomers: Texaco and Western Electric. The top ten: G.M. ($9.5 billion in sales), Jersey Standard ($7.5 billion), Ford ($4.1 billion), G.E. ($4.1 billion, and up a notch from '57), U.S. Steel ($3.5 billion, down a notch), Socony Mobil Oil ($2.9 billion), Gulf Oil ($2.8 billion), Swift ($2.6 billion), Texaco ($2.3 billion), Western Electric ($2.2 billion...
...Charga-Plate, which gave it entry to two of the 1950s' hottest business areas-credit cards and automatic accounting systems. Four years ago Farrington moved into one of the highway's larg-« est plants (354,000 sq. ft.), there prints credit cards (for Hilton, 35 oil companies, all the airlines), manufactures printed circuits. It also produces a remarkable machine: an electronic scanner that reads, then transmits the information it has read onto cards or tapes that can be used by IBM machines and other automated systems. Expected sales this year: $12 million...
First he went to the local police court and obtained a certificate of good conduct. Then he went to the Saudi Arabian consulate for a free visa (before 1951, when Saudi Arabia was not yet oil-rich, the government taxed pilgrims $72 a head). Then Ahmed paid $144 for a round-trip airplane ticket from Beirut to Jidda on the Red Sea, 1,000 miles away...