Word: gulf
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Dates: during 1950-1959
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Other speakers at the Career Conference were H. R. Moorhead, Jr., treasurer of the Gulf Oil Corporation of Pittsburgh, and C. Rodgers Burgin '21, president of the New England Trust Company, who moderated, Archibald MacLeish, Boylston Acting Master of Eliot House, introduced the first speaker...
Into the Jungle. The men largely responsible for the boom are three genial, Louisiana-born brothers named Brady-Lawrence, 58, Ashton, 56, and William, 54-who have become wealthy by a combination of brainy prospecting and luck. They found the sulphur, and now own Gulf Sulphur Corp., plus an exploration outfit called Amican Sulphur Co., S.A., and have sizeable stock interests in both Pan American and Mexican Gulf Sulphur. Working as a team, brothers Lawrence and Bill run the administrative end; Ashton is the geologist...
...jungle itself, where torrential rains turn everything into a quagmire six months of the year. The first two wells were dry holes, but the third brought in sulphur. By 1947 the Bradys had proven out 3,000,000 tons, and turned over their concession to the newly organized Mexican Gulf Sulphur Co. in return for two seats on the board of directors and a big block of stock. The San Cristóbal find was only the start...
...Penthouse. Since then, the Bradys have found sulphur in still a third area, Salinas, and formed their own Gulf Sulphur Corp. They get the same profitable deal the Mexican government has made with the other companies: a 20-year agreement under which they pay production royalties of between 4% and 15%, plus an export tax ranging...
...moved into one of Mexico City's newest office buildings, where they could keep a radio check on their jungle drilling rigs from a carpeted, glass-walled penthouse. Reports came in of three new wells, two for Brady companies and one for their biggest rival, the huge Texas Gulf Sulphur Co., the world's biggest sulphur producer. Texas' well in Mexico was its first find after four discouraging years of drilling at a cost of $6,000,000, and even then it was not a large deposit. Says Bill Brady with a shrug: "You work like hell...