Word: clint
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Forgive and Forget. In the Liberals' defense, Minister Howe claimed that the Trans-Canada firm, which was organized by Texas Oilman Clint Murchison, was the only one with the necessary pipe and equipment to begin building the long-delayed pipeline this year. Said Howe: "Nothing that can be said in this house can change those facts." The Tories demanded that the loan be made to a Canadian company and they ridiculed the government for lending tax money to a foreign firm. Said Tory Leader Drew: "Any such proposal before the Congress of the United States would be greeted with...
...investment in Canada (TIME, April 30). It was touched off by a government measure, introduced in Parliament, to lend up to $80 million to Trans-Canada Pipe Lines, Ltd., a company more than 80% owned and controlled by U.S. gas and oil interests headed by Texas Millionaire Clint Murchison. The loan is to be used to build the first leg (Alberta to Winnipeg) of a long-delayed transcontinental natural-gas pipeline...
...CLINT MURCHISON, the Texas wheeler-dealer who helped Robert R. Young take over the New York Central in 1954 (TIME, June 21, 1954), is stepping out as a director of the railroad "because of pressure of other duties." To take his place: Dallas' Donald H. Carter, a Murchison associate and owner of 15,200 Central shares...
...giants of the oil business squared off last week for a fight to dominate Canada's natural gas industry. In one corner was Clint Murchison, the flamboyant Texas oil tycoon (TIME, May 24, 1954) who bosses an empire of companies with assets of about $400 million. Against him was Francis Murray Patrick McMahon, 53, multimillionaire Canadian who began as a $4-a-day driller and rose to be a leading operator in Western Canada's spectacular oil boom. The big stake in the contest between them: a franchise to build a $350 million pipeline to carry Western...
McMahon's challenge took Murchison by surprise. The Texan's company, Trans-Canada Pipe Lines, Ltd., has held the pipeline franchise for almost two years, and Clint Murchison once grandly declared that the building of it would be "the major achievement of my life." But Murchison had trouble financing the deal. The line had to run through an uninhabited area of northern Ontario, which called for a subsidy from the Canadian government and a measure of acquiescence on the part of competing U.S gas companies...