Word: oils
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Dates: during 1960-1969
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...satirized fustian while indulging in it. His senatorial solemnity was a species of burlesque. He belonged in a Chautauqua rather than a McLuhan age, although he became a master of television performing. His manner, leavened by an exquisite sense of self-parody, conjured up Americana, suggestions of snake-oil peddlers, backwoods Shakespeareans, the gentle rapscallionry of Penrod Schofield's or Pudd'nhead Wilson's world. Before he died of a pulmonary embolism at 73, Everett McKinley Dirksen had himself become a unique object of Americana...
...rates and, at the same time, increasing tax exceptions for certain industries, organizations and individuals. The tax-reform bill adopted last month by the House of Representatives moves in quite the opposite direction, and those who stand to lose by it-among them Wall Street corporations, the oil industry, and universities and hospitals-have been deluging Washington with complaints. Last week, as the Senate Finance Committee began considering the measure, the Nixon Administration presented its own, less stringent tax recommendations, informing Congress that some of the House reforms and tax reductions go too far, too fast...
Although President Nixon pledged during his campaign to keep the oil industry's depletion allowance at the present 27½%, Kennedy accepted the House decision to roll it back to 20%. In doing so, he tacitly recognized that the allowance has become the paramount symbol of tax favoritism. Kennedy scoffed at suggestions that the reduction might force most independent operators out of business...
Pray for Rain. The inspectors were no more understanding at the First State Bank of Dodson, which simply followed that Panhandle community in decline, or at Big Lake, an oil and ranch town on the flatlands of West Texas, where billboards exhort passers-by to "pray for rain." Horace B. Rees, 64, president of the Big Lake State Bank, "let his heart overload his sense." as one customer says, and tried to lure industry to the town by loaning seed capital to dubious ventures. Big Lake, however, was deprived of banking services for only a week. Three groups...
...towns on shallow rivers could get a crack at foreign commerce, since the average draft of a barge is only eight feet. Tulsa officials already plan to spend $20 million in the next two years to build a port to be named Catoosa, from which they expect to ship oil field machinery destined for Europe. Arkansas grain distributors, who export 40% of the 100 million bushels of grain that the state produces annually, plan to switch from rail to barges in order to get the grain to New Orleans for the start of the ocean voyage. Some residents of northern...