Word: silver
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Dates: during 1940-1949
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...could imagine it slowly falling apart. Each year something happened to it - some dealer bought one of the great houses that nobody ever really lived in, some heir sold the crystal chandeliers, the grand pianos, the organs, the stained glass windows, the gold-inlaid bathtubs, the tapestry, the silver and the collections of classics that nobody read - until Newport grew more & more like some ancient beauty whose memory is fading, whose sight is failing and whose hearing and teeth are gone. But Tessie never anticipated what happened last week...
...gave her most famous party, the Bal Blanc, arranged by Ward McAllister, attended by the 400, and costing Mr. Oelrichs $30,000. Into Rosecliff she packed what Henry James called the "loot" of Europe: Gobelin tapestries, cloisonné vases, Renaissance statuary, Jacobean furniture, Sèvres china, paintings, libraries, silver sets, visiting aristocrats. In 1939, 13 years after she died, the Oelrichs family closed the house. Last week house and furnishings were auctioned...
...Silver-haired, fine-featured, Editor Johns had an immense zest for life, a heroic capacity for whiskey, and an absolutely untamable will to say and print what he thought. He was twice fired from the PD, reinstated on both occasions. It was after being fired by Part Owner Charles H. Jones in 1898 that he was brought back as editor in charge of the editorial page...
Under the New Deal's silver-buying program, the U.S. has spent $1,325,000,000 since 1934 to accumulate about 42,000 tons of silver (besides the 46,800 tons monetized) which lie unused in vaults. Last week the National Academy of Sciences suggested that OPM put some of this expensive luxury to work for defense by substituting it for tin in solder. This would not affect the price of solder because a blend of 2½% silver and 97½% lead gives about the same results as the standard mixture of half tin and half lead...
Excuse for the silver-buying program and its artificial price floor (now 71.11? an ounce for domestic) was to keep Western miners at work. In the new U.S. shortage economy, this argument no longer holds even a drop of water. Therefore big mining companies (including Anaconda, Phelps Dodge, Cerro de Pasco) also have been seeking new industrial uses for silver as a hedge against possible repeal of the program. Some of their suggestions: substituting silver for copper in electrical contacts, using it with magnesium for lightweight alloys...