Word: cowdray
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Married. Weetman John Churchill Pearson, 43, the third Viscount Cowdray (grandson of millionaire Engineer-Oil Tycoon Sir Weetman Pearson), reputedly England's richest man; and Elizabeth Jackson, 26, ex-social secretary to Mrs. Lewis Douglas, wife of the onetime U.S. ambassador; he for the second time, she for the first; in London...
Bargains & Coups. After surveying the U.S. and Canada, De Golyer decided that the best prospects for Amerada were in Texas. But only U.S.-owned companies could drill there. So the Cowdray family split its 60% ownership in half, and let Wall Street's Dillon, Read & Co. sell half the stock on the U.S. market at $26 a share.* Amerada went into Texas and found oil from the start. With their growing geophysical skill, Jacobsen and De Golyer were so confident of finding oil that when Louisiana Land & Exploration asked them to "shoot" (i.e., prospect) its holdings along the Louisiana...
...when the British government took over the shares to pay for arms purchases, the Cowdray family held 17%. For this, the British government paid $5,000,000 in its own bonds at Amerada's then market price. The same shares were worth $100 million at this year's peak price, and Britain recently began selling them in the U.S. (Phelps Dodge Corp., copper producers, bought $19 million worth, thus got a 3% interest in Amerada...
Philip Scores. Trooping the Color was the week's most glittery event, but there were others, now that mourning was over. Elizabeth had cocktails at the Guards' officers mess; Philip captained his team (Cowdray Park) at polo. Brandishing his polo stick with right royal gusto, His Royal Highness clouted the opposing captain, a U.S. newsman, across the knuckles, broke two fingers. Princely apologies helped, but the victim was rushed to a hospital...
16th Duke of Norfolk, 27th Earl of Arundel, Premier Duke & Earl of England, turned up in a French hospital south of the Somme, having been wounded at Boulogne. Weetman John Churchill Pearson, Viscount Cowdray, grandson of multimillionaire Engineer Sir Weetman Pearson and non-playing captain of the British polo team that played in the U. S. in 1939, returned badly wounded from Flanders to have his left arm amputated in Durham Hospital. Upon hearing the news, his wife gave birth to a premature daughter...