Word: raws
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...Mathias Stinnes, was a rich man. His father, Gustav Stinnes, was also rich. At 20 years of age Hugo inherited a steamboat business and a mine in Westphalia from his father. From that time on he began his scheme of creating vertical trusts founded upon the broad basis of raw materials. As years passed his millions increased, during the War they grew rapidly, and after the War they simply swelled up to grotesque proportions and in 1924 the man, Hugo Stinnes, had won a prestige by the force of cold cash greater than any other man in history...
When the U. S. Steel Corporation acquired its own railroad lines to expedite the passage of its raw material and products from mine to mill, much comment was occasioned. In recent years, the example set by the Steel Corporation has been followed by Henry Ford in acquiring the Detroit, Toledo & Ironton Railroad...
...counter claims. A couple of years ago we undoubtedly could have bought recognition for a good price, such as the partial acknowledgment of the Tsar's debts or large concessions to foreign capital. Now we have received recognition without paying a penny or delivering a single carload of raw material...
...Arbor, the 4,000 student and faculty members of the University of Michigan, men and women, came into convocation. Their President, Dr. Marion Leroy Burton, rose to address them. Said he: "Things have transpired recently that are as raw as anything that has happened in my IS years of administration experience. You students are lazy. You loaf, you gamble,* you spend weekends in big cities, and then you wonder why we don't want you here. We don't want loafers here, and we will get rid of you as fast as we find you out. Student evils...
...iron to the ship yards is an appreciable factor, just as the nearness of timber to the New England harbors helped to make the old square-rigger a cheap instrument of conveyance. But the dominant factor is the place of the English export coal trade. A "tramp" carrying bulky raw goods to England for manufacture can always count upon a return cargo of coal; and to be profitable a "tramp" must never sail empty...