Word: tobacco
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Dates: during 1960-1969
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...Mormon missionaries, I am somewhat acquainted with the doctrine of our church. I would like to know where you got the statement "new converts, for example, no longer have to give up smoking." This is absurd. The Word of Wisdom, as the Mormons understand it, prohibits any use of tobacco, and is a commandment from God given through Joseph Smith at Kirtland, Ohio...
...chances seem slim. Southern Rhodesia's Tobacco Farmer Winston Field, 58, who was sworn in as new Prime Minister last week, intends to divide the land into three "tiers" of racially restricted areas - for whites, Africans and racially mixed families. Though Field insists that his plan is a long way from apartheid, the new black government in Northern Rhodesia will hardly be able to tell the difference. The Northern Rhodesian blacks already have threatened to sever economic ties unless Southern Rhodesia broadens its voting franchise and releases the African nationalists who have been placed under restriction. Otherwise, cried Nationalist...
Living evidence of the ease with which South African business has shrugged off the boycott is Tobacco Magnate Anthony Edward Rupert, 46. To stockholders in South Africa's Rembrandt Tobacco Corp., Rupert last week reported record profits of $4,500,000 for the business year ended last June. Abroad, Rupert's empire is flourishing on an even grander scale. Rembrandt included, his growing chain of tobacco companies, which now stretches from Ireland to Malaya, last year turned a pre-tax profit of $23.8 million on $560 million in sales. Though his business is barely 20 years old, Anthony...
...King-Size Boost. Rupert, who started out as a university chemistry instructor, got into business out of a vague desire to do research into tobacco and to "manufacture something.'' In 1942, with a $40 grubstake, he opened a tiny tobacco shop in Johannesburg. Not until after World War II was he able to scrape up enough capital and equipment to mass-produce cigarettes-and when he did, he nearly went broke. He staved off disaster only by persuading London's Rothman of Pall Mall to allow him to make and market their brands (Pall Mall, Consulate...
Using Rothman as a base, Rupert began setting up subsidiaries throughout the Commonwealth. His shrewdest move came in 1958. Capitalizing on a peculiar stock arrangement in London's venerable Carreras Tobacco Co. (Craven A), he won control of the company for only $4,500,000, quickly sold off antiquated factories for $15 million to finance a modernization program...