Word: underground
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Dates: during 1920-1929
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...Situation. In California, Texas, Oklahoma, there are vast underground reservoirs of crude oil into which men have drilled wells. They have been like boys, armed with straws, sucking lemonade up from great bowls. The harder a boy can suck and the more straws he can maneuver, the more lemonade he gets. If he stops to catch his breath or to wipe his nose, the other boys will suck up some share of his drink. Oil operators are such suckers, all ceaselessly aspirating oil from common, underground pools. Oil men are inclined not to trust one another...
...Underground Motif. Among potent U. S. import-export houses information circulated last week, that the German delegation at Geneva has been instructed to sound out the U. S. delegation upon the possibility of an understanding between the U. S. Administration and the German chemical and other trusts. Prospectively the question will be asked whether lower U. S. tariffs can possibly be obtained on certain German goods, in return for favors of an equal value to U. S. businessmen from the German trusts...
Under him, too, the family fortune has flooded away in three generations like the waters from his father's California flumes. With the late Edward Henry Harriman he organized a $67,000,000 company to build tunnels under Chicago to carry freight underground to the stores; they lost. He controlled the Kansas City Railway & Light Co.; it went bankrupt. In 1920 bankers saved Armour & Co. from bankruptcy by reorganizing it at J. Ogden Armour's chief cost. In 1923 he was the chief owner of Chicago bank stocks; he had to sell $5,000,000 in stocks to cover...
...Frederick Mills, Chairman of the Ebbw Vale Steel, Iron & Coal Co. Ltd., issued a final dire statement: "Nineteen bodies have been recovered. The gas has been pumped out and rescue work is going on; but I can see no hope that the 32 men still trapped underground remain alive...
...scheduled for completion in August. It will be used by the Denver & Salt Lake Railroad and probably leased to the Burlington and other lines. It shortens the route between Denver and Salt Lake City by 176 miles, cuts a 4% grade to 2%. Tunnels are usually thought of as underground things. The Moffat Tunnel is up in the air to the extent of 9,000 feet above sea level; but it is still 4,000 feet below the summit of James Peak. Drillers and dynamiters have been at work on it for nearly five years...