Word: poti
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Dates: during 1920-1929
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...years ago the Soviet gave him a concession to mine manganese, invaluable ore for toughening steel, in the Caucasus Mountains, between the Black and the Caspian Seas. He was to pay the Soviet Government $3 for each ton of manganese mined and to rebuild a railroad from Tiflis to Poti. He had to produce at least 500 tons of manganese a year in order to make a profit on his investment...
Last week, according to the Berliner Tageblatt, the Soviet Government, perhaps intending to vex Great Britain, agreed to restrict manganese mining at Nikopol, to take only $1.50 a ton for Harriman-mined manganese, and to waive its demand for renovating the Tiflis-Poti railroad. Those modifications made Promoter Harriman virtual overlord of Soviet manganese production...