Word: perm
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Dates: during 1920-1929
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Gratification came last week to Professor P. I. Preobrajenski, famed Russian geologist. For last week near Perm in the Ural Mountains (the mountain chain which divides European from Asiatic Russia) Professor Preobrajenski discovered oil. Thereupon the Soviet Supreme Economic Council bestowed upon him a reward (a "gratification") of 10,000 rubles (approximately $5,000). The Professor was "gratified" rather than "paid" because of the prevailing theory that services to the Russian state are recompensed by promotion and power rather than by so capitalistic an invention as capital...
Meanwhile Soviet authorities were preparing to spend a million rubles in the development of the Perm fields. There are no differences of opinion between the Russian government and the Russian petroleum industry. Russian oil is produced by about six Russian companies and one Japanese company with a Russian concession. The 1928 output was twelve million metric tons (26,455,200,000 lb.) Distribution and selling is handled by a government syndicate, headed by G. I. Sokolnikov. Oilman Sokolnikov, as Soviet Commissar for Finance, was famed as the financier who put Russian currency on a gold basis...
...deposits at Perm were accidentally discovered. Three years ago Professor Preobrajenski found in the Perm district what are now considered the world's largest deposits of potash, thus shattered the Franco-German potash monopoly. While digging for potash, drillers were pleasantly surprised to strike oil as well. U. S. petroleum is used chiefly in the form of gasoline; in Russia (with only 21,000 automobiles) the oil will be used mainly as fuel. Perm oil will turn many a wheel in the Ural industrial region, now dependent upon coal which must be transported some 1,200 miles...
...Perm Railroad. For, in the first place, Colyumist Broun has acquired 25 shares of Penn Railroad. Mr. Broun maintains that his Pennsylvania stock has gone off two points since his purchase. Inasmuch as it last week closed at 78 and its high for the year has been 83 (low 72) the inference would be that the purchase was made somewhat by the outsider's proverbial system of buying at the high and selling at the low. Yet, with railroads showing best earnings in years, Mr. Broun might well be told to hang on to his railroad stock...
...Vladimir, Novgorod, Tsar of Kazan, Tsar of Astrakhan, Tsar of Poland, Tsar of Siberia, Tsar of Chersonesus in Tauria, Tsar of Georgia, Lord of Pskov and Great Duke of Smolensk, Lithuania, Volhynia, Podolia and Finland, Duke of Estland, Lifland and Kourland, and of Semigallia, Samogitia, Bialostok, Karelia, Tver, Jugoria. Perm, Viatka, Bolgaria and others, Lord and Grand Duke of Novgorod in the Low Country, Tchernigov, Rjasan, Polotzk, Rostov, Jaroslavl, Bialosero, Udoria, Obdoria, Kondia, Bitebsk, Mstislavl and Lord of All Northern Lands and Lord .of Iveria, Kartalinia and Kabarda and Hereditary Lord and Master of the Provinces of Armenia, Circassia...