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...Gurley, whose retirement in two years is mandatory, the Santa Fe reinstituted the long-abandoned post of board chairman, also gave Gurley the newly created title of chief executive officer-though Marsh will have operating charge of the railroad. ¶Stanley de Jongh Osborne, 52, was named president of Olin Mathieson Chemical Corp. in the first top management changes since the merger of Olin Industries, Inc. and the Mathieson Chemical Corp. in 1954. He succeeds Thomas S. Nichols, 58, who will become chairman of the board. Old Board Chairman John M. Olin, 64, will become chairman of the Financial...

Author: /time Magazine | Title: Business: Other Changes | 5/13/1957 | See Source »

...EXOTIC" FUELS for jet planes and missiles will be turned out by new industry. Gallery Chemical Co. started work on a $38 million plant at Muskogee, Okla. to produce "HiCal" for Navy from boron. Olin Mathieson Chemical Corp. won $33,005,000 Air Force contract for a new high-energy chemical-fuel plant near Niagara Falls. In addition to stepping up range and speed of present missiles and jets, new fuels will make possible radical new top-secret Air Force chemical bomber, for which North American and Boeing have design contracts...

Author: /time Magazine | Title: Time Clock, Mar. 18, 1957 | 3/18/1957 | See Source »

...INDUSTRIAL CITY will rise along Mississippi River 30 miles upstream from New Orleans. William Zeckendorf's Webb & Knapp is break ing ground for $120 million townsite for 4,000 families, expects to finish first houses by July. Another $200 million will be invested in new plants there by Olin Revere Metals, Dow Chemical Co., Wyandotte Chemicals Corp., Kaiser Aluminum Corp...

Author: /time Magazine | Title: Time Clock, Feb. 4, 1957 | 2/4/1957 | See Source »

Barely twelve months ago Olin Mathieson Chemical Corp. announced plans for a $120 million aluminum plant at Buckhill Bottom, 20 miles from Wheeling, W. Va.; soon afterward it joined forces with Revere Copper & Brass to boost the ante to $304 million. In quick succession the Pennsylvania Railroad spent $4,000,000 building twelve miles of spur track to the plant site, and M. A. Hanna Coal Co. started work on a big new mine to provide coal for Ohio Power Co.'s expanding plant at Cresap, W. Va., which in turn contracted to supply power for the new aluminum works...

Author: /time Magazine | Title: INDUSTRY: Rebirth of the Ohio | 2/4/1957 | See Source »

...promised Senate Majority Leader Lyndon Johnson, scheduling hearings before the Foreign Relations Committee. Senate Minority Leader William Knowland remarked that he would "support a policy that would prevent Soviet aggression," but "the details will, of course, have to be worked out by the legislative arm." South Carolina's Olin Johnston was flatly against the whole plan. "I am supporting the President," drawled Georgia's Carl Vinson, chairman of the House Armed Services Committee. Georgia's Richard Brevard Russell, chairman of the Senate Armed Services Committee, thought that he could support the military warning to the Communists...

Author: /time Magazine | Title: National Affairs: What They Said | 1/14/1957 | See Source »

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