Word: oils
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Dates: during 1940-1949
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...Oil. After the Teheran Government of wily, tough Premier Ahmad Gavam reoccupied the northern province of Azerbaijan without interference from Russia (TIME, Dec. 23), Gavam was able to smash the Azerbaijan "Democrats" (Red sympathizers) and also to reduce the Communist-tutored Tudeh party to insignificance. That left the Soviet-Persian oil agreement, signed in April 1946, which could not take effect until the Persian Majlis (parliament) ratified...
...agreement provided for a joint stock company, to exist for 50 years, during the first half of which Russia would hold 51% of the stock, Persia 49% (thereafter 50-50). Russia would take oil from north Persia, pay all prospecting and installation costs. Persia would share in the profits, keep title to the land...
After a long-drawn-out election, the new Majlis began slowly to organize. Russia bided its time. Then, in June, two things happened. In an interview, wily Gavam said he thought the oil agreement had no chance of ratification unless it was modified. Next day the U.S. signed over to Persia a $25 million credit, most of it frankly intended for military equipment and supplies...
Force? Last week the new Majlis had been sitting since mid-July and there was still no action on oil. Moscow struck-verbally. Pravda screamed that Gavam was trying to sabotage the deal and warned him against following that "dangerous road." His attitude, Pravda averred, was "dictated by certain foreign circles." Soviet Ambassador Ivan Sadchikov pounded on Gavam's desk, demanded immediate action. Gavam answered smoothly that the matter would have to wait its turn on the parliamentary schedule...
Loco Knight. In 1587 Cervantes got a job as a government agent, collecting wheat and oil for the Invincible Armada. Collections were slow, and he was excommunicated for seizing wheat belonging to the Dean and Chapter of Seville Cathedral (the Church later took him back). His debtors failed him; his accounts were snarled; in 1592, 1597 and perhaps again in 1602, he was clapped in jail for indebtedness to the State. Later he applied for a job in the New World-possibly as paymaster of galleys in Cartagena, Colombia. He was turned down. Even after Don Quixote appeared (1605), Cervantes...