Word: peaks
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Dates: during 1940-1949
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Last week PreWi got deeply involved in union trouble. The trouble began in New York where 46 employes, a sixth of Pre-Wi's staff, were laid off in a postwar economy retrenchment. (PreWi's traffic had slumped from its wartime peak of 430,000 words a day.) The C.I.O.'s American Communications Association promptly pulled the rest out on strike. Its contention: the company should have arbitrated the layoffs in advance...
...began in 1863 when the first John Batterson Stetson, the sickly son of a New Jersey hatter, joined an expedition to Pike's Peak for his health. On the trip he startled his companions by scraping fur off raw hides, chewing it up, spitting the juice through his teeth to produce crude felt. The broad-brimmed beaver hat that he made with the felt was the butt of all the camp's jokes. But on the way back Stetson sold it to a St. Louis bullwhacker for $5 in gold, thereupon decided to go into business...
Mount Wilson* was not always worth that much. In 1890 a syndicate of California hotelmen bought 1,500 acres of peak timberland for $4,500. But the small hotel they built burned down and the syndicate broke...
...James H. Holmes, whose daughter Childs had met and married in Hawaii. The observatory, for which the Carnegie Institution had leased 15 acres for $1 a year, was required by its lease to keep its grounds open to visitors. But the toll road and the hotel atop the peak had yet to make a profit. Said Childs: "This place ought to carry itself...
Wartime gas rationing almost shut down the business temporarily. But since the war, Mount Wilson has taken on new importance. Both television and FM depend on line-of-sight broadcasting, and Mount Wilson is the most accessible clear peak in Southern California. Childs has already sold 320 acres to broadcasting companies for $65,000, has also leased a choice plot to the Columbia Broadcasting System for $75 a month (CBS had to agree to give television demonstrations to tourists...