Word: holley
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Dates: during 1940-1949
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Gleam. Texas Eastern had begun as a gleam in the eyes of E. Holley Poe, an Oklahoma-born gas consultant; Everette Lee De Golyer, Texas' famed oil geologist ; Charles I. Francis, a Houston lawyer, and Houston's shipyard-building brothers, George and Herman Brown (TIME, Feb. 24). They advanced some $250,000 (later repaid by the company) in the early stages of engineering, planning and bidding. When down payments totaling $5,100,000 had to be made to the War Assets Administration, Dillon, Read's help was sought. Dillon, Read & Co., with the Browns, et al, lent...
...paper profits on their initial investment for stock of $42,750. They would net another $500,000 or so in profits, at cost plus, in constructing 21 compressor stations along the Inches. Geologist De Golyer's paper net was $1,000,000 on a $15,000 investment, Holley Poe's was $712,000 on $10,000. As for the eleven partners of Dillon, Read & Co., their $18,750 investment had grown into $1.2 paper millions. They would also net about $380,000 in underwriting fees and $200,000 for selling the bonds, bringing their total profit...
...last week in Washington when WAA publicly read the 16 pipeline bids, it was clear the kidding was at an end. The Big Inch Natural Gas Transmission Co offered $85 million in spot cash. A group headed by big-time gas men E. Holley Poe and Dr. Everette De Golyer topped the $146 million cost of the lines by offering $260 million for a 40-year lease...
This week the sight's inventor, Java-born Carl L. Norden, was to be awarded the Holley Medal of the American Society of Mechanical Engineers for his invention. Meantime, the Navy announced that Inventor Norden had a collaborator, Captain Frederick I. Entwistle, assistant research chief of the Navy's Bureau of Ordnance. Captain Entwistle, who joined Norden in his experiments in 1928, shares the patents and the credit for the final model...
Henry Bromfield Rogers memorial fellowship to Samuel S. Stratton 2G, of Holley...