Word: tobacco
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Dates: during 1940-1949
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Turkey's constitution flatly defines "Statism" as the republic's guiding economic policy. The Turkish .government operates power plants, railroads, ports, communications, sugar, salt and tobacco manufactories, oil, steel & coal enterprises ; it dominates shipping and banking. The bureaucrats have grandiose dreams of industrialization and self-sufficiency. They built a huge steel mill at Karabuk for $23 million-equal to the national education budget for one year. They are blueprinting airplane factories and plush government offices. But Turkey cannot yet keep pace with their plans...
...Tobacco Tycoon James Buchanan Duke (Bull Durham, Duke's Mixture, Lucky Strikes) stood upon a hill three miles west of Durham, N.C. and silently gazed out over the wooded acres about him. Finally he turned to his companion and said: "This is the place...
...overlarge share of well-heeled Joe Colleges who wore bright yellow slickers, drove fast roadsters, drank corn liquor, and splurged their allowances on the coeds of the old Trinity campus. Some off-campus wags suggested that Duke change its motto from Eruditio et Religio to Erudiiio, Religio, et Tobacco...
...their places will go flashy new signs reading: "D. A. Schulte, Inc., Fashion Haberdashery for Men & Women.'' Instead of cigar stores that dabbled in men's ties, shirts and socks, this week Schulte's was turning itself into clothing stores that dabbled in tobacco...
Schulte has been flirting with the haberdashery business for nearly ten years, ever since the company went through bankruptcy reorganization in 1940. The new management figured that those who came in for cigarettes and tobacco might also walk out with a shirt or tie. Many did. But since men who knew tobacco best were running things, the haberdashery business was not pushed very hard. It failed to halt a decline in sales, and profits shriveled to a paltry...