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...almost nothing in 1946 to $37 million in 1955, some $48 million last year. Much of the new industry is homegrown, but much more comes from foreign businessmen and mainland Italians who know a good thing when they see it. Italy's Montecatini Co. recently opened a big potash works near Syracuse employing 2,000 workers, is already building a second to tap newly discovered deposits 55 miles inland. French chemical, German beer and electric-power companies are also moving...

Author: /time Magazine | Title: BUSINESS ABROAD: Success in Sicily | 12/9/1957 | See Source »

...years a producer of unexceptional wines from a small hillside plot, but a vintner with a bright idea of how to make every year a vintage year. Hiring a chemist, he concocted a mixture of two parts grape juice, eight parts water, plus dashes of citric acid, tartaric acid, potash and glycerin. In two years Korn made between 1,500,000 and 4,000,000 quarts. Germans sipped it with satisfaction, noted nothing unusual; neither did the government controllers, who checked it periodically for bouquet and chemical content...

Author: /time Magazine | Title: Business: A Wine to Remember | 9/9/1957 | See Source »

...businessman. He installed a battery of modern machines in his middle-sized wine cellar in Johannisberg, tapped a water main to get enough water, boosted production higher and higher. Bigness finally proved his undoing. At one point, he forgot to mix in exactly the right amount of potash to match the area's good wines, and a suspicious controller caught the mistake, also discovered Korn's heavy purchases from the local chemical dealer. He called the police...

Author: /time Magazine | Title: Business: A Wine to Remember | 9/9/1957 | See Source »

Death Valley Days. U.S. Borax is only a corporate infant-formed last year by the merger of oldtimers Pacific Coast Borax Co. and U.S. Potash Co. But it has close to a natural monopoly, holds 63% of the free world's deposits, including the only big deposit of sodium borate ore (at Boron), the cheapest and easiest type of the mineral to mine and process. The company's ancestry is the story of borax mining in the U.S. The discovery of borax in a California hot spring in 1856 set off feverish prospecting and mining that eventually made...

Author: /time Magazine | Title: CORPORATIONS: Element of Tomorrow | 6/10/1957 | See Source »

...coincidence a paddy-wagon mate on the ride to Federal Detention Headquarters was Ukrainian-born Irving Potash, 55, one of the eleven top Reds convicted under the Smith Act in 1949 of conspiring to teach and advocate the violent overthrow of the Government. Deported by his own choice last year after serving 41 months of a five-year sentence, Potash mysteriously re-entered the U.S. (he refused to say how). Arrested in January, he was sentenced to two years' imprisonment for illegal entry...

Author: /time Magazine | Title: ESPIONAGE: A Strand in the Web | 2/4/1957 | See Source »

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