CANAL ZONE: Racing the Landslide

To keep the sheer face of Contractor's Hill from sliding into the vital Gaillard Cut (TIME, May 10) and blocking the Panama Canal, the Canal Co. called for emergency bidding on a contract for the removal of some 2,000,000 cu. yds. of the rocky hill. Seven contracting firms, among them Morrison-Knudsen, world's greatest earth mover, rushed engineers to the canal to study the great fissure splitting the hill. But it was the young and aggressive Tecon Corp. of Dallas that put in the winning offer, 15 minutes before the bidding closed last week.

Tecon (pronounced tay-con, because the company's motto is...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!