Word: antarctica
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Dates: during 1930-1939
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...perpetually frozen country where artificial heat is essential for maintaining human life. . . . There are many contacts between batholitic intrusions and ancient sedimentary rocks which generally are the locations of valuable mineral deposits. No great mineral bonanzas have been discovered to date. However, no continent the size of Antarctica has failed to produce a wealth of mineral deposits...
...present interests of the U. S. in establishing the U. S. Antarctic Service is to make available knowledge as to the potential value of those areas of Antarctica to which the U. S. has logical claims...
...have no doubt that there is oil in Antarctica. . . . Who knows but what our future reservoirs of oil and coal . . . lie waiting for us at the bottom of the world...
First U. S. mariner to see Antarctica was Nathaniel B. Palmer, a sealer out of Stonington, Conn., in 1820. In 1840, Lieutenant Charles Wilkes, U. S. N., sent by Congress, sighted its white peaks, declared it to be a continental land mass. To Palmer Land from the tip of South America is only 575 nautical miles. Political argument is that the million-square-mile sector explored by U. S. visitors from Palmer to Byrd (and Lincoln Ellsworth) should be claimed in toto, instead of in spots, brought within the Monroe Doctrine's sphere, before Germany or another power moves...
...permit corporations to revalue upward their securities for two years, to ease their excess profits taxes; 4) permit retirement of bonds and notes below par without taxation. > (In Appropriations Committee) rejected President Roosevelt's and Admiral Byrd's request for a $340,000 claiming expedition to Antarctica. > Rejected a Senate bill authorizing TVA to sell $100,000,000 of bonds to buy utility properties; adopted instead a bill authorizing $61,500,000 of bonds and restricting TVA in its geography and accounting...