Word: caribs
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Dates: during 1930-1939
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...farther than the gate: suspicious of his torrent of Spanish, the bomb-conscious guards summarily ejected him through the door. Thereafter the proud Colombian refused to have any dealing with Standard Oil of New Jersey. His concession was snapped up by Promoter Carl Kendriok MacFadden for his Carib Syndicate, Ltd., which kept a minority interest, sold the rest to Henry Latham Doherty's Cities Service...
...Carib Syndicate's interest, now 21%, has furnished about the only continuity in the subsequent colorful Barco story. Promoter MacFadden has long since been out of the company. Oilman Doherty tired of jungle oil in 1926, sold out his majority interest to Andrew William Mellon's Gulf Oil Corp. Then the concession was canceled, litigated, finally granted anew. This year, with not a barrel of oil yet delivered from the fabulous concession, Mr. Mellon sold out to Texas Corp. and Socony-Vacuum for some $12,500,000 (TIME...
...than $100,000 of his personal fortune in development work, General Barco put his concession on the market. Through the intervention of a seasoned promoter named Carl Kendrick MacFadden, most of the Barco went to Henry Latham Doherty's Cities Service Co. A minority interest was taken by Carib Syndicate, then headed by Mr. MacFadden. Cities Service grew tired of the responsibilities of jungle oil and in 1926 sold it to Andrew William Mellon's Gulf Oil Corp...
...Rieber did not buy the Barco concession itself. What he bought and now shares with Socony is all of the stock in a Gulf subsidiary which in turn owns 79% of the stock in a company called Colombian Petroleum. The other 21% of Colombian Petroleum is still held by Carib Syndicate. In the highly involved concession arrangement both Colombian Petroleum and the Gulf subsidiary are the concessionaires, each being responsible for the other's obligations, which include a prescribed amount of well-drilling and, after potential production has reached about 20,000 bbl. per day, the building...
Sixteenth Century Spaniards, to whom the Carib Indians although tortured would not tell the source of their gold ornaments, imagined a place of gold, El Dorado, at the headwaters of the Orinoco River. No known Spaniard nor other white, until last month, ever reached the Orinoco's source. Then Dr. Herbert Spencer Dickey of Tippecanoe City, Ohio* and Manhattan, his bright-eyed, hard-muscled little wife, and four men companions, after a three-month struggle up the hot, muggy Orinoco, reached the top of a "gigantic" peak of the Parima Mountains. From here they saw the second largest river...