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Residents of Port Orford, Ore. made a great to-do last week about a mislaid meteorite. Somewhere in the wilderness to the southeast lay a huge clod of stone and metal. Exactly where it was, only one person thought he knew. In 1859 Dr. John Evans, a U. S. Government geologist, stumbled on a meteoritic body, almost entirely buried, whose mass he estimated at 22,000 Ib. A 25-gram sample was sent to the Smithsonian Institution in Washington. The meteorite was classified as a pallasite-a mixture of olivine (green magnesium iron silicate) and metallic iron. Unfortunately, before...

Author: /time Magazine | Title: Science: Dollars from Heaven? | 8/29/1938 | See Source »

...years later, to the amazement of its 300 inhabitants, Gilbert Gable appeared at Port Orford, Ore., formed six companies to promote it as the only natural deep-water harbor on the rugged coast between Puget Sound and the Golden Gate. Fifty-four years before, Congress had appropriated $150,000 to develop Port Orford as a harbor of refuge, but nothing was done. Gilbert Gable proceeded to spend $750,000 doing it, most of the money going for a huge breakwater dock, an administration building, a new lumber mill...

Author: /time Magazine | Title: Business: Gable's Gold Coast | 4/4/1938 | See Source »

...shrinking into microscopic tininess beside the influence and the commerce we here set in motion." Next day an examiner of the Interstate Commerce Commission heard the application of Gilbert Gable's Gold Coast Railroad for a permit to build a 90-mile spur across the mountains into Port Orford from Leland on the Southern Pacific line 50 miles inland. Soon the Gold Coast R. R., life line of Gilbert Gable's empire since it would be the means of getting ore and timber to the sea or back East by rail, was granted an ICC certificate of convenience...

Author: /time Magazine | Title: Business: Gable's Gold Coast | 4/4/1938 | See Source »

Three months after its dedication Gilbert Gable's dock collapsed in a storm. Since then a temporary pier has been built, Port Orford has grown to 1,000 in population and Gilbert Gable has become mayor. But no construction of the railroad has been started. Tired of waiting, local tycoons got behind a rival scheme. Five months ago, before an ICC examiner, this new group declared that it had funds to build a $7,000,000 line from Grants Pass, 15 miles south of Leland on the Southern Pacific, across the coastal range to Crescent City, 97 miles south...

Author: /time Magazine | Title: Business: Gable's Gold Coast | 4/4/1938 | See Source »

...money elsewhere. For the ICC examiner not only recommended that Gilbert Gable's certificate of convenience & necessity be withdrawn but also that one be refused to the Crescent City group. Said he: "Recent army reports show that the prospect of future growing importance of the ports of Port Orford and Crescent City definitely may be discarded as a factor of consequence in this proceeding...

Author: /time Magazine | Title: Business: Gable's Gold Coast | 4/4/1938 | See Source »

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