Word: grained
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...Senator McClellan's Investigations Subcommittee announced that it would investigate the suicide (apparent) of William Pratt, 31. Chicago office manager of Commercial Solvents Corp., the New York firm that sold $5,700,000 worth of anhydrous ammonia to Estes, mainly on credit, hoping to be repaid from his grain-storage income. While no connection with the Estes case was evident, Pratt, asphyxiated by carbon monoxide in his car, left a bizarre note: "The bells even toll when a rat dies. The burden of guilt is on my shoulders...
...Agriculture Department decided to move all of Estes' Government-owned grain out of his Texas warehouses. However, the department said it would do so gradually over 18 months. Thus, some of the $4,000,000 in annual storage payments would continue for a while. At his press conference, President Kennedy gave only a generalized reason for the Government's action: "I think that it's appropriate . . . because of all the circumstances surrounding the case." Sol Smiles. In El Paso, Billie Sol himself, who has been sticking close to his own 52-ft. Pecos living room these weeks...
Billie Sol tried his best to talk back. He brought in a new editor, Tracy Sloan Byers from Odessa. His paper broke out in a rash of loud headlines-NOTHING DEROGATORY ABOUT ESTES GRAIN STORAGE, and POLITICAL HACKS KEEP UP STRUGGLES FOR HEADLINES-the sort of things Billie Sol could show off to friends. A passel of reporters came to town, and Byers almost hollered up a fit: "One concludes that the newspaper hatchet men sent to Pecos are instructed to find and write any fictitious or fabulous story, without regard to its truthfulness . . One cheerful thought is that Pecos...
Picking Up the Pieces. With his entry into grain storage, Estes acquired another partner-the U.S. Government. Grain storage is an appendage of federal price-support programs. A farmer who gets a Government price-support "loan" on a crop of grain deposits the grain...
Estes' grain-storage kingdom grew fast -the amount of grain in storage soared from 2.3 million bushels in March 1959 to 54 million in February 1962. But there was an oversupply of grain-storage facilities in West Texas, and Estes could not keep his warehouses full enough to reap really massive profits. After the collapse, amid mounting evidence that Estes had been doing favors for Agriculture Department officials, the department put out these figures as proof of its virtue: early this year Estes' facilities were 43.4% filled with federal grain as against a Texas statewide average...