Word: timbered
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Dates: during 1960-1969
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...South Africans could hardly do otherwise. In the last 13 years Engelhard has elbowed his way into control of a vast gold-mining, timber and industrial empire, owns four companies, is chairman of five and a director of six others. Firmly on the inside of an investment preserve once dominated by British companies, he is holding open the door for more Americans to come in. To that end, plans call for listing the shares of the new investment company on the New York Stock Exchange...
Earlier this year Shanks learned the hard way the limits on the personal actions of the man who publicly presides over the second-largest U.S. life insurance company (first: Metropolitan Life Insurance Co.). He made a personal deal with Georgia-Pacific Corp., a big Prudential borrower, to buy timber, then let a Georgia-Pacific subsidiary cut enough of it over five years to pay back the money Shanks had borrowed to buy the trees. With tax write-offs, capital gains and depletion allowances on his holdings, Shanks stood to make as much as $485,000 in savings on his income...
...winding trail over which common folk move on foot, the more prosperous on donkey back. Last week, sweating under the tropical sun, 200 half-naked men and boys from Santo Nino were hacking out a broad, five-mile highway to take out the village's production of timber, copra and rice, and in return bring in the 20th century...
...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...