Word: seaboards
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Dates: during 1950-1959
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From the beginning, the 23 states along the U.S. seaboard took it for granted that they owned the sea bottom that runs out from their shores to the three-mile limit of U.S. coastal waters. Nobody seriously challenged that view until California, Texas and Louisiana began to get fat incomes from lucrative offshore oil leases. Then, belatedly in 1937, the Federal Government staked out its claim to the marginal lands* around the U.S. on the grounds of national interest. When in 1946 Congress passed a bill giving clear title to the states, Harry Truman vetoed it: That...
...Walters bill not only hands back the marginal lands to the seaboard states; it guarantees that any state will have exclusive rights to anything that may be discovered under its navigable lakes and rivers. For Texas, there is a special bonus: Texas will get control of the sea for three leagues (10½ miles) from shore (because the Texas frontier was thus defined when she joined the union in 1845). And another provision grants all seaboard states 37½% of anything the Federal Government manages to dig up beyond the marginal seas-clear to the edge of the broad continental...
...until Hancock died 16 years later did Harvard recover all its property. *Some Crimson-held blue chips in the 1950 portfolio: $3,000,000 of General Electric Co. (74,000 shares), more than $1,000,000 each of Union Carbide, Standard Oil Co. (New Jersey), American Telephone & Telegraph, Seaboard Oil, Texas Co., Texas Pacific Coal & Oil, Illinois Power, Niagara Mohawk, Ohio Edison...
Executives of Pierian have fallen short of their grandiose plans for this year. Only the spring concert on May 13 remains after tomorrow's performance. The spring tour was cancelled because of last minute scheduling complications. The tour in the past has included girl's colleges along the eastern seaboard...
...19th Century observer reported Inishmurray poteen flowing "extensively over the whole seaboard from Sligo to Bundoran and even to a considerable distance inland." In 1893, a detachment of Royal Irish constabulary was quartered there for revenue duty, but in later years, news of police visits usually reached King Michael in time for the great stone jugs of poteen to be hidden in the island's shallow lake. Once sentenced to pay a ?50 fine or spend six months in jail for poteen-making, King Michael said: "I would have paid ?10, but they would not make...