Word: timber
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...Downrange in the South Atlantic, the recovery ship Timber Hitch stood by as Cape Canaveral launched an Atlas 700 miles into space. Seventy-six minutes and 5,000 miles after the blastoff, Timber Hitch plucked from the water a cylindrical instrument package ejected by the Atlas nose cone. Later, it was packed off to the States in a trombone case (it just happens to fit snugly within the shaped confines of a sliphorn...
...self-contained empire. Imperially big, rich and varied, it is the land where Hiawatha played, where the French voyageurs sailed even before the Plymouth colony was founded, where conservative Germans settled on the smiling farmlands of the fertile south, and the Scandinavian Paul Bunyans came to cut the timber and mine the ore of the rugged north. It was here that Henry Ford, messiah of the machine, swung the U.S. mass-production revolution on his assembly lines and broke the bonds of the workingman's poverty by instituting the $5 eight-hour...
While others were noisily campaigning across the nation last week, the Northern Cheyenne Indian tribe quietly held an election of its own in the rolling lands and rough mountains of Montana. Among the victors: Johnny Woodenlegs of Lame Deer, Mont., re-elected President; John Stands in the Timber, John Kills on Top Sr., August Spotted Elk, William Hollowbreast, Clarence Spotted Wolf, members of the tribal council...
...return. Coos Bay contracted to cut and pay for enough of the Shanks-owned timber during the next five years so that Shanks would be able to pay off and meet the interest on his Bank of America loan, get back his $100,000-and save as much as $97,000 a year on taxes through write offs on interest payments and through timber depletion allowances and capital gains savings. Chief advantage to Georgia-Pacific: it does not tie up capital in the trees (on which Shanks takes the risk of forest fire, etc.), pays only when it fells them...
...Pacific's'Cheatham calls the Shanks deal "just a way of helping the company." The Journal also turned up the fact that Cheatham, in addition to all the other suits he wears, is co-owner of Oregon's Old Dominion Co., an investment firm that owns timber that Georgia-Pacific has contracted to cut under a deal like Shanks's. Carrol Shanks maintains that "there is not the slightest violation of ethics" about his deal. Nonetheless, the furor that greeted the publicity has already taught him that, for people who live in glass houses, discretion should...