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...water and gas roared up, shooting pipe and rocks high in the air. Then came a greasy and terrifying geyser of oil - a 75,000-barrel-a-day flow, more than many a whole field produces. Within weeks, the town of Beaumont was a madhouse of tents, saloons, lean-tos and one-room shacks; land on the dome was selling for as much as $1,000,000 an acre, and derricks were rising, leg to leg, in a confused and feverish race for riches...

Author: /time Magazine | Title: TEXAS: King of the Wildcatters | 2/13/1950 | See Source »

...Liberals captured only twelve seats, seven of them in Wales. But they got 9% of the popular vote, and could have swung the balance in many constituencies. Most Liberal candidates lean more to the Tories than to the Laborites. If Churchill's attempt to enlist the Liberal vote had succeeded, a combined Tory-Liberal front would have been a formidable combination...

Author: /time Magazine | Title: Foreign News: Crusade of the Optimists | 2/13/1950 | See Source »

Behind all the hearts & flowers is Joyce C. Hall, 58, a lean and solemn man who started out, at 18, to become a greeting-card shark by selling postcard greetings in Kansas City. Rollie B. Hall, a brother, joined him there, but they soon realized that postcard greetings were losing favor. Said Joyce Hall: "We found we were developing a dying business." They switched to cards enclosed in envelopes, were soon so successful that they took in another brother, William F. Hall...

Author: /time Magazine | Title: CORPORATIONS: Card Shark | 2/13/1950 | See Source »

...Athens these days it is easy for a man to achieve prominence. If he has a scratchy pen, a crumpled piece of lined paper, and a coffeehouse table to lean on, he has only to write out a declaration, cross the palm tree courtyard, dash up the steps of the Areios Pagos (Supreme Court Building) and hand his paper across the attorney's desk. Presto! he has created a new political party. When he gets back to the coffeehouse, he will be no longer plain Dimitrios but, instead, "Mr. President" of the party...

Author: /time Magazine | Title: GREECE: From Table Top to Throne | 2/6/1950 | See Source »

...Dostoevsky's remark that "an aristocrat is irresistible when he goes in for democracy." He risked his life repeatedly, faced mobs with the hauteur of a nobleman awaiting the guillotine, and dissipated his fortune in charities. In an age of florid oratory he stirred his listeners with a lean, precise, deadly effective style. When Emerson heard him, he felt as if "the whole air was full of splendors." A Virginia paper called him "an infernal machine set to music...

Author: /time Magazine | Title: Books: American Agitators | 1/30/1950 | See Source »

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