Word: toolings
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Dates: during 1940-1949
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...Hugheses moved to Houston, where Hughes Sr. looked for oil. With his partner, Walter Sharp, he struck oil in the Goose Creek field, but the two-edged "fishtail" bits used in those days broke on subterranean rock. Thereupon Hughes designed a conical bit with 166 cutting edges. That tool is the original source and still the main prop of the Hughes fortune, which now amounts to about $145,000,000. The bit is leased, not sold, and accounts for some 75% of the rock bits used in drillings all over the world. The present Hughes enterprises include Hughes Aircraft...
...spent a year at the tool plant, learning the business thoroughly. Then he turned it over to his executives (he could always quiz and harry them by telephone) and went to Hollywood. Since boyhood, fascinated by the movies, he had jotted down ideas for scripts in a notebook. He had even met and cultivated a movie actor named Ralph Graves. In Hollywood, his uncle, Rupert Hughes-a prosperous fictioneer and biographer-had been writing and directing pictures. Howard hung around the sets, asked questions...
...independent Argentine newspapers and newsmen was made honorary president of the Argentine Press Syndicate last week. President Juan Domingo Perón accepted the honor with bland grace-and no wonder. Like their new head, members of the Peronista-minded syndicate believe that the press should be the tool of government, not an instrument of freedom...
Airman-Movieman Howard Hughes, who claims that the United Aircraft Corp. was responsible for his near-fatal plane crash two years ago (their propellers were faulty, he charges), set a value of $250,000 on the damages to himself, $238,000 on damages to his Hughes Tool...
...President. "Ever since Arévalo took office," he rumbled, "that man has caused trouble in the Caribbean. Now we've got a hell of a problem brewing around Central America, and something has got to be done to stop it. Look at that Figueres, a tool of Arévalo. God knows what he's up to now that he's got hold of Costa Rica. And all those Dominican and Nicaraguan exiles. I wonder if those birds in all those plots realize that Central America may be heading not for ordinary war but a bloody...