Word: armoured
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...widow, Lolita Sheldon Armour, sold their beautiful 838-acre estate, Mellody Farm (on the "North Shore" near Lake Michigan, in Lake Forest), and almost all her private securities, but still there were creditors. Then she offered them 400 shares of Universal Oil Products Co. for which, when he was most needy, she had paid her husband $1,500,000 of her own fortune. The creditors laughed, said the stock was a liability...
Last week Mrs. Armour sold that stock, as part of a larger deal (see below), for $8,216,058. She moved back to Lake Forest to a five-acre estate about two miles east of Mellody Farm, which is being converted into a country club. She prepared to have the record of her husband's insolvency stricken off the county books, crying: "I guess this shows that Mr. Armour was justified! . . . And those bankers who called my stock a liability! Well, I can laugh now at them...
Universal Oil Products. Only a financier as daring as Mr. Armour would have possessed 400 share's of that stock at the outset. He it was who, during a trip west in 1914, gathered together a few associates and formed the company (originally as National Hydro-Carbon Co.) to take over certain oil refining patents of Pennsylvania Inventor Jesse A. Dubbs. In 1916 Promoter Hiram J. Halle was made president. Halle's entire staff consisted of Jesse Dubbs, two assistants, and the two Dubbs sons, Carbon and C. A. No attempts were made to operate with the patents...
Promoter Halle. Had it not been for bigheaded, grey-wigged, hooknosed, bespectacled little Promoter Halle, now 62, even Ogden Armour's daring would not have borne fruit. Promoter Halle rushed back & forth between his Chicago and Manhattan apartments and his farmhouse in Westchester County (all full of expensive antiques, which he collects passionately) to promote Carbon Petroleum Dubbs's inventions and to direct patent suits such as the one against Standard of Indiana, which already has cost $1,800,000, is still to come to trial. Previously he had helped Armour retrieve a failing investment, Standard Asphalt & Rubber...
...Standard of California and Shell Union; the royalties they had to pay were tremendous. So a holding company for them, called United Gasoline Co., negotiated to buy Universal Oil Products for $22,249.999. Halle, Dubbs, et al and most of a modern staff of 350 go with it. Mrs. Armour and they retain some stock interest in it and in its huge dividends, so that Mr. Halle says: "$22,000,000 does not tell the whole story of what we all made of it." Last week's proceeds were as follows...