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Fortune's wheel spins fast in the oil industry but never so dizzily as for Joshua S. Cosden. One turn lifted him from a small-town newspaper to a $50,000,000 Tulsa oil empire. Another landed him in Manhattan society with a $2,000,000 house in Palm Beach, a stud farm in Virginia and a show place on Long Island where he entertained Edward of Wales...

Author: /time Magazine | Title: Business: Cosden to Cover | 7/15/1935 | See Source »

Then in a Wall Street tussle Josh Cosden lost his shirt, his homes and his company, which became Mid-Continent Petroleum Corp. With $3,000,000 put up by his friends, the slim, personable oilman retreated to Texas, there to build another Cosden Oil and another $15,000,000 fortune...

Author: /time Magazine | Title: Business: Cosden to Cover | 7/15/1935 | See Source »

Depression pushed Cosden Oil Co. into receivership, and Mrs. Cosden, without an automobile to her name, gamely went to work as an interior decorator. In 1933 Josh Cosden bought in his company at a receiver's sale for $501,000. Again his loyal friends were sure that his luck was due for another spectacular spin...

Author: /time Magazine | Title: Business: Cosden to Cover | 7/15/1935 | See Source »

...year it was reorganized Cosden Oil lost $554,000, lost another $1,000,000 last year. And last week in Fort Worth, Cosden Oil took to cover by petitioning itself into the hands of the courts for a reorganization under Section 776 of the Bankruptcy...

Author: /time Magazine | Title: Business: Cosden to Cover | 7/15/1935 | See Source »

...that time occurred the notorious Cosden robbery in which $100,000 worth of diamonds, pearls and rubies were filched from Mrs. Cosden's dressing table. Lady Mountbatten lost $42,000 of jewelry tossed on a tray near...

Author: /time Magazine | Title: Business: Cosden to Cover | 7/15/1935 | See Source »

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