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...Rocke fellers, onetime seminary teacher Ida Tarbell gained fame for herself and thousands of new readers for McClure's with her 1896 serialized Life of Lincoln. In 1902-04 she helped bust the oil trust with a series of 19 McClure's articles; they brought in a gusher of public resentment that flowed all the way to the U.S. Supreme Court, which did the final busting in 1911. Her rose-tinted 1925 biography of U.S. Judge Elbert H. Gary foreshadowed her discovery of the ideal businessman in 1932's Owen D. Young...

Author: /time Magazine | Title: Milestones, Jan. 17, 1944 | 1/17/1944 | See Source »

News of a sensational new method of getting oil spread through the Pennsylvania oilfields last week like the report of a great new gusher. On Thanksgiving Day a group of oilmen had gathered in Franklin, Pa. around an oil well whose like they had never seen before-a sizable hole in the ground that looked more like a coalmine shaft. Someone threw a switch, setting off 12,000 Ib. of explosives deep underground. There was a rumble, a burst of steam and gas from the hole, and then an amazing flood of hundreds of gallons of oil and water from...

Author: /time Magazine | Title: Science: Oil Miner | 12/6/1943 | See Source »

...that had not yet quite left the hand of Mexico's Ambassador to the U.S., Dr. Francisco Castillo Nájera (see cut). In the heart which other oilmen think pumps oil instead of blood, was the knowledge that once again Sinclair Oil Corp. had struck a gusher while the rest of the industry struck rock...

Author: /time Magazine | Title: OIL: Soap for Harry | 10/11/1943 | See Source »

...drinks for the house. After turning out Hollywood scripts at $10 apiece, Miss Nichols decided to write herself a real acting part. She produced an earnest work called Humanity which made Brooklyn audiences split their sides. A dozen plays (including Linger Longer Letty) later. Miss Nichols hit a gusher with Abie's Irish Rose...

Author: /time Magazine | Title: Radio: So Rich the Rose | 5/3/1943 | See Source »

Speculators in Fortunes. Wildcatting is a bigger speculation risk than play producing. Only one well in five yields oil; an operator can lose $100,000 on a single dry hole. But they go on in hope of a million-dollar gusher. Since 1859 wildcatters have discovered more than 75% of the 45 billion barrels of oil found...

Author: /time Magazine | Title: OIL: Wildcat Fight | 10/19/1942 | See Source »

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