Word: timbers
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Dates: during 1930-1939
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...Mills who left a Buffalo bank for the 1849 gold rush, not as a prospector but as a hardheaded merchant and trader. Grandfather's first year's profit in California was $40,000. The Comstock Lode in Nevada made him rich. He doubled his money in railroad stock and timber land, returned to New York 30 years later to take his place near the top of Society. When he died in 1910 he left an estate of $41.000,000 in New York Central, Atchison, Topeka & Santa Fe, International Paper. Shredded Wheat, Tidewater Oil, Black Diamond Coal, Seaboard Air Line...
When President Hoover picked the Rapidan for his camp, he had no idea that his presence there would hurt, rather than help Virginia gather up private land to contribute as the Shenandoah National Park. The President's camp boomed mountainside values. The Madison Timber Corp., putting a $1,000,000 price on land sought by the State, argued that their property was worth it, not entirely as timber perhaps, but as a potential summer resort. The President, they claimed, had given the region priceless advertising and had put in an 8 mi. road worth $200,000. and power and telephone...
...Even Russia does not get her timber for nothing, and the deeper they cut the further they must go for their timber, and even if Russia cared nothing for making profit the fall in the price of timber comes at a very inconvenient time for her. Its effect on the success or nonsuccess of the Five-Year Plan can be great...
...Every fall in timber prices will affect Russia's trade balance and hinder the realization of the Five-Year Plan...
Ironically Mr. Knickerbocker notes that even fight-minded, lumber-growing Finland bought $2.000.000 worth of Soviet timber last year, although "this, it was explained to me, was nearly all bought by one man, who has been severely criticized for doing...