Word: oiled
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Dates: during 1950-1959
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...week, Florida's handsome Senator George Smathers found plenty of allies from the South and West. A top Capitol Hill specialist in transportation affairs, Smathers wanted to kill off the $700 million-a-year federal transportation taxes-3% on freight, 10% on passenger tickets, 4½% on pipelined oil, 4? a ton on coal shipments. And the South and West had long been grumbling that the freight tax discriminates unfairly against states far removed from the big-city markets and industrial centers...
...retiring New Dealing Governor Rexford Guy Tugwell chose The Stricken Land as the title for his book about the island. Today Puerto Rico: CJ Boasts a per capita income of $443 (v. $742 for West Germany, $2,009 for the U.S.), which is surpassed in Latin America only by oil-rich Venezuela. ¶ Costs the U.S. Treasury next to nothing. ¶ Governs itself in orderly democracy within an imaginative new "Commonwealth" relationship to Washington. ¶ Gives the world, anxiously watching Algeria and Cyprus, a shining example of an experimental colonial policy that turned out well...
Fomento. At that point Puerto Rico, its hungry people jamming an eroded land without oil, coal or iron, looked hopeless. Undeterred. Muñoz counted the island's assets: plentiful labor, an open door through U.S. tariff walls for anything the island could grow or make, a ready-to-hand brain trust of half a dozen bright young U.S.-educated economists, professors and businessmen. Among them: Rafael Pico, now president of the government's bank, and Roberto Sánchez Vilella, now Secretary of State (Vice-Governor). Rex Tugwell. named Governor, implanted an efficient civil service...
...remaining 79 years of his life, Calouste Gulbenkian caught precious few glimpses of gutters, particularly since in young manhood he developed the habit of sprinting from a rented limousine to the door of his destination in morbid fear of assassination. As he became a legendary oil financier and fabled art collector, Gulbenkian also kept on collecting what he most loved: money. When he died in 1955. his five-shilling piece had grown to an estimated $420 million, his annual income to $14 million...
...described as a flamboyantly bearded and monocled devotee of fox hunts, orchids and Rolls-Royces. Both books are unevenly written and a shade hero-worshipful. What emerges from each is a curiously fascinating bifocal vision that combines moments of startling intimacy with impersonal middle-distance reporting of Middle Eastern oil developments...