Word: timber
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Cheatham, 57-also a Prudential director-were chatting about tax savings. "I was looking for a deal where I could make a good capital gain." says Shanks, "because I take such a plastering from taxes on my $250,000 salary." Cheatham thought he might have just the thing: buying timber holdings and then selling the timber to Georgia-Pacific. Shanks's lawyers assured him that there would be no conflict of interest. In May, Shanks met with officials of Georgia-Pacific and the Timber Conservation Co. at the Bank of America in San Francisco, of which the ubiquitous Cheatham...
...Loan. The Timber Conservation Co. owned 13,000 acres in Oregon that Georgia-Pacific wanted. Carrol Shanks bought Timber Conservation on the spot for $8,592.000. financed by a one-day loan from the Bank of America. Minutes later, he liquidated the company, sold its 13,000 acres to the Coos Bay Timber Co., a wholly owned subsidiary of Georgia-Pacific for $4,400,000 (plus a small plot back to the Timber Conservation interests for $208,000). Next he put up $100,000 of his own money, borrowed another $3,900,000 from the Bank of America...
Some of Hillerich's best friends are trees. Though some of the timber used in his bats is grown on the company's 500-acre tract in Pennsylvania, he is always on the lookout for good timber. H. & B. has found that white ash grown on eastern or northern slopes has a bat's best qualities-resiliency and strength. The most important ingredient is careful labor. So skilled an art is hand fashioning that H. & B. has only four qualified bat turners, overseen by 65-year-old Fritz Bickel. Bat turning, says Bickel, "is like painting...
...system for the Congo's government, even talks of setting up his region as a separate province. His parents sent him off to train for the priesthood at a mission school, but after five years of studying and teaching, he left to work as a clerk with a timber firm, then took a job with the colonial civil service. Later he took over leadership of the budding Abako Party formed in the Leopoldville area. Early in 1959, one of his fiery speeches set off bloody riots in Leopoldville. The riots frightened the Belgians into handing over independence...
...into villages without schools, called the people together on a cow's horn, exhorted them to help her build a 100-student school so their children will be "good for something." Then, in wide-brimmed white hat and apron, outworking her helpers, she hacks out a foundation, cuts timber, makes cement blocks, installs plumbing. In between, she keeps the children busy planting gardens, teaches adults how to read, write, cook and stay healthy, and every so often breaks out her guitar for singing and dancing. "I open their eyes," says she. "Then if they won't follow...