Word: gulf
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Dates: during 1930-1939
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...group including Harry F. Sinclair, Kenneth R. Kingsbury of Standard Oil of California, Wirt Franklin, president of the Independent Petroleum Association, wanted complete price fixing from well to consumer. The other group including the representatives of Standard Oils of New Jersey and Indiana, Texas Co., Royal Dutch Shell, Gulf, Sun, Atlantic, favored only that oil should not be sold below cost, opposed complete price fixing. A day's work brought them no nearer agreement. So General Johnson cut the knot, gave oil a code written by Secretary Ickes and James Moffett (who resigned as vice president of Standard...
...remade the oil business. Unable to cope with a financial find of such magnitude the Jugoslav and his backer called in Colonel Guffey of Pittsburgh. Guffey soon called in the Mellons. Andrew Mellon bought out the discoverer for $400,000. The $15,000,000 Guffey Petroleum Co. (later Gulf Oil) was founded-40% Mellon owned to begin with-more as time went on. In the midst of these busy times, Andrew Mellon, aged 45, finally married. His wife was Nora McMullen, daughter of a Dublin distiller, whom Mellon met while she was visiting in Pittsburgh. Donora, Union Steel...
...public. In 1908 old Thomas Mellon died on his 95th birthday but he had long outlived his money-making days-Son Andrew and Son Dick, who worked with him, were at the height of their powers, building up the Mellon banks, building up Gulf Oil, building Aluminum Co. Patent struggles had threatened their aluminum monopoly but they bought out contenders whom they could not beat at law. As their patents expired they fortified their monopoly by other means-acquired all the available bauxite deposits in the U. S. and South America, pre-empted cheap waterpower sites at Niagara...
...inter est in Kansas City Southern. He bought it cheap from the hard-pressed Brothers Van Sweringen. The block of 104,500 shares, said President Joyce at the time, would give Great Western "part of the trackage we need for a direct route from the Northwest to the Gulf of Mexico." As to Kansas City Southern itself he added: "We will make a railroad out of it if we can get co-operation." Last week cash looked better than a railroad to President Joyce.* Great Western sold its minority control to the New York Stock Exchange firm of Paine, Webber...
Romantic to the end was the heart of Poet Percy Bysshe Shelley, who drowned in the Gulf of Spezia in 1822. Italian sanitary laws then required the immediate cremation of a drowned corpse. Those who disposed of Shelley's corpse were Poet Leigh Hunt (who wrote a nerve-wracking description of the event), Poet George Gordon Lord Byron, and Adventurer Edward John Trelawny. As Shelley's incinerating ribs fell apart on their pyre of driftwood, adventurous Trelawny, a lion of a man, thrust in his brawny arm, snatched out the simmering heart. Cried Lord Byron...