Word: signalization
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Dates: during 1960-1969
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...including rumors that generals had begun moving troops loyal to Diem away from the capital. New York Times Correspondent David Halberstam and another correspondent received a slip of paper the night before with the message: "Please buy me one bottle of whisky at the PX." It was a prearranged signal meaning that a coup might be imminent. While Saigon was still at lunch, thousands of men in combat garb were gathering just outside the city, buckling on equipment, checking their weapons, listening to last-minute instructions for the violent overthrow of the government...
Besides bossing the biggest independent oil company in California, ruddy Samuel Mosher, 71, the chairman of Signal Oil & Gas Co., pursues some profitable sidelines. On a 4,500-acre ranch near Santa Barbara and on an estate in Australia, he raises cymbidium orchids for florists. His Signal Oil owns a 48% interest in the globe-girdling American President Lines, which it bought at a distress sale, and he is chairman of the Flying Tiger Line which he helped to bankroll when it began 18 years...
...Book. Last week Sam Mosher ventured into outer space. In a $90 million exchange of stock Signal moved to acquire Garrett Corp., the much-sought-after manufacturer of environmental equipment for jets and space capsules. Garrett should increase Signal's profits: last year it earned $5.5 million on sales of $226 million. Signal itself earned $14.4 million on sales of $364 million...
...president, Harry Wetzel, 43. A few weeks ago, ailing Curtiss-Wright tried to take over Garrett, offered $50 a share for 700,000 Garrett shares, or 47% of the total outstanding (TIME, Oct 18). Mosher moved in quickly, adding 100,000 shares of Garrett to the 12,000 that Signal had previously owned, thus stalling Curtiss. At this point Curtiss tried again-offering Garrett Stockholders $57 a share. Garrett's management, eager not to be swallowed up by troubled Curtiss-Wright, then sat down for three days of discussion with Signal. At the end of it, Garrett had agreed...
...first love-raising fruit and flowers-Mosher ruefully decided that prospects might be rosier Southern California's oil fields. With $4,000 borrowed from his mother and a Government instruction booklet to guide him, Mosher in 1922 set up a small plant in Long Beach's Signal Hill oil field to wring a motor fuel ingredient out of the natural gas pumped out by the big oil companies...