Word: timber
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Dates: during 1960-1969
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...from branches around the world. But in London, 17 smaller merchant banks, most of them family-dominated, rank as "The Princes of the City." The biggest of the tight-mouthed princes, who ignore common customers for corporations and countries, is Hambros Bank, Ltd., which has arranged financing for Scandinavian timber, South African diamonds and $20 million worth of Manhattan's Pan Am Building. In a move symbolic of the new direction that London's princely bankers are now taking, Hambros has just announced that in partnership with the U.S.'s Meyers Bros. Parking System it will build...
...Liberia was one of Africa's three independent states and had a budget of scarcely $1,000,000 a year. But today Liberia's budget is some $38 million annually, and its gross national product runs to about $250 million, derived from rubber, iron ore, and vast timber riches that are only beginning to be farmed. As Tubman exchanged visits with the leaders of new African states, the 80-year-old mansion seemed inadequate and embarrassing...
...their most ambitious project, the British Rothschilds put together a consortium to tap the timber, minerals and hydro power of a 53,000-sq.-mi. area in Newfoundland. Next spring the British Newfoundland Corp., with both the British and the French Rothschilds represented, will begin a $1 billion, seven-year job to dam Hamilton Falls and harness its 6,000,000 h.p. It will be the world's biggest hydroelectric development, and Sir Winston Churchill has called the whole project "a grand imperial concept...
...shrewd a businesswoman as she is a politician, Lady Bird has parlayed an inheritance of $67,000 and 2,900 acres of Alabama cotton and timber land into a radio-TV station in Austin, Texas, four cattle ranches and a bulging stock portfolio. Her estimated net worth is about $5,000,000, but she is thrifty enough to buy "seconds" in household linens. "She asks the price of everything," says a friend. "When the house needs repair work, she gets three estimates." Yet her most notable quality is her capacity for enjoyment. "I wouldn't trade this life...
...early Spanish "conquerors and settlers," he mistakenly contends, was no different than that of the early English, Dutch, and French in North America. The conqueror who came to North America was, in fact, quickly disappointed. The Indian he found was poor, prone to disease, and generally unexploitable. Timber and fish hardly promised to make him a conquistador. He had no choice but to settle and make the best of what he had. South America, on the other hand, gave much to the conqueror. Taking gold and silver from the hills and sugar from the plains, he could intoxicate himself...