Word: tobacco
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Dates: during 1940-1949
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...were cautious but content. They had good equipment and money in the bank, the fat of six prosperous years. The total volume of crops was only 6% short of 1948-5 incredible production and 30% above the 1923-32 average. Rice and tree nuts set records. Cotton, wheat, oats, tobacco, apples, peaches and pears were above average. Nature had been kind; improved technology had increased yields by a whopping 50% an acre in the past 20 years. And men had worked hard for the bounty they would reap. As Mrs. Barbour pointed out: "People look at our apple trees...
Some of the examples of control were old stuff. It would surprise few that U.S. aluminum-producing facilities were completely dominated by Alcoa, Reynolds Metals and-Henry Kaiser's Permanente Metals; that the Big Four tobacco companies-American Tobacco, Liggett & Myers, R. J. Reynolds, P. Lorillard-owned 87.8% of all the industry's manufacturing facilities; that Armour and Swift controlled 54.7% of U.S. meat-packing capital assets...
...many businessmen might blink at the narrow control in some industries not usually mentioned in the same breath with aluminum or tobacco. Carpetmakers, for example, were dominated by four firms, Alexander Smith & Sons, James Lees & Sons, Bigelow-Sanford and Mo hawk Carpet, which owned 57.9% of the industry's productive facilities. National Biscuit Co. controlled 46.3% of all net capital assets in its industry in 1947. Armstrong Cork owned 57.9% of all the land, buildings and equipment in the linoleum industry. "Two giant organizations virtually preempt" the making of tin cans, charged the FTC report, with American...
Unconnected Saucers. A slight intramural argument broke out within the Air Force after two weird and ancient flying machines were found in a tobacco barn eleven miles from Baltimore. An unofficial spokesman who announced happily that they were probably prototypes of the flying saucer was hastily reversed by another spokesman who snapped: "Absolutely no connection...
...fine, large-featured, dim-eyed, bronze-coloured, shaggy-headed man is Alfred," wrote Carlyle in 1840, "dusty, smoky, free and easy; who swims outwardly and inwardly, with great composure, in an articulate element as of tranquil chaos and tobacco smoke." Seasoned in the fumes of his own shag, he was also, before he was 35, the veteran of a personal hell from which almost nothing was lacking: a torn and distressful home; the shock and grief of losing his best friend, Arthur Hallam; the cruelty of a sneering review in the Quarterly Review that drove him into nine years...