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Word: preobrajenski (lookup in dictionary) (lookup stats)
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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...

Author: /time Magazine | Title: Business & Finance: Gratification v. Pay | 6/3/1929 | See Source »

...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...

Author: /time Magazine | Title: Business & Finance: Gratification v. Pay | 6/3/1929 | See Source »

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