Word: butted
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Dates: during 1940-1949
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In a corner of his 286-acre farm, Joe joined a crowd of several hundred oil scouts, brokers, geologists and gawking neighbors around the tin-hatted crew working the rig on a 128-ft. oil derrick. As Joe and they watched, there was a cough and a sputter; then a...
Boomtown. Scurry's county seat, the once sleepy little cotton and cattle town of Snyder, had never seen anything like it, either. In the crowded lobby of its dingy Manhattan Hotel, the air hummed with talk of royalties, acreage, porosity. Leases changed hands so fast that new maps of...
He did not deny that he had collected the royalties, but claimed that FTC's order last week to stop the practices was "entirely academic," since the licensing agreements and the patents had expired last March. FTC, aware of the lapse in patents, said that it had issued its...
Baffled Experts. Until a year ago, the U.S. oil industry's geologists and geophysicists, who had long since reduced oil prospecting to a science, had been completely fooled by Scurry County. None of their blasts and echo-measurements had shown the existence of its oil-laden limestone reef some...
Actually, Taylor owned two patents covering certain methods of using advertising matter on waxed-paper bands, said FTC, but "none of the licensees . . . have ever used [Taylor's] methods." In short, the manufacturers who paid royalties to Taylor "were unfamiliar with the nature of the patents."