Word: clint
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...Pottstown, Pa., where his classmates voted him "biggest grind,'' and to Yale University (.'38), where he got his letter for boxing and football (end), though he had earlier won the unhappy practice-session distinction of dropping ten straight forward passes from Yale's All-America Clint Frank. He got a master's degree (1940) and a liberal bent from Harvard Business School ("I didn't raise my boy to be a Democrat," says father Proxmire. "Harvard's where it happened"), put in six months as a trainee for Wall Street...
...five original companies backing the line, headed by Texan Clint Murchison, invested some $15 million in stock at the insiders' price of $8 a share. These holdings are now worth $43 a share, or $82 million. Influential speculators got big chunks of the $37.5 million public issue, which is now worth $161 million. Fantastic speculative profits were also made in three companies set up to gather or distribute the gas Trans-Canada will bring. Vancouver Oilman Ralph K. Farris, son of a Liberal Senator and founder of the Northern Ontario Natural Gas Co., paid $300 for stock now worth...
Into the Armco Steel Corp. plant at Houston this week rolled three carloads of iron smelted by a radical new process. Developed by a Hungarian-born inventor, Julius Madaras, and financed by Oilman Clint Murchison and others, the process eliminates the blast furnace and promises to smelt iron cheaper and faster...
...realty tycoon, $450 million. No. 3: Ford Motor Co.'s President Henry Ford II, 39, $400 million. Tied for No. 4: Sun Oil Co.'s publicity-shy Board Chairman Joseph Newton Pew Jr., 70, and Avia-tionabob Howard Hughes, 51, $350 million each. No. 5: Texas Oilman Clint ("After the first hundred million, what the heck?") Murchison, 62, $300 million. Tied for No. 6: Pittsburgh's far-visioned Banking Heir Paul Mellon, 49, St. Louis's fun-loving Brewer (Budweiser) August A. ("Gussie") Busch. Jr., 58, and money-pouring Philanthropist John Davison Rockefeller...
...been the area's almost complete dependence on oil for fuel and the danger of a shortage of tankers. Last week it looked as if Florida would soon get another important fuel supply-natural gas. In Washington the Federal Power Commission handed down permission for Texas Wheeler-Dealer Clint Murchison to hook his Coastal Transmission Corp. into Houston Texas Gas & Oil Corp., build a $150 million pipeline system to supply gas everywhere along the fast-growing peninsula...