Word: medderses
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Dates: during 1960-1969
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...about to inherit an oilfield worth $500 million. So everybody lent him money: bankers, merchants, even a religious order called the Poor Sisters of St. Francis, which went for $1,900,000. It all came to an end, alas, two months ago, when the money ran out and the Medderses admitted that there was no inheritance; the U.S. Supreme Court had dismissed their claim in 1965-along with those of 3,000 others. In bankruptcy proceedings, Margaret tearfully explained that they wanted to live like Texans, and had borrowed "because we didn't have any money...
Though few Easterners know of it, Halliburton Co. of Dallas is a potent force in Southwestern business. Founded in 1921, Halliburton started out cementing oil wells, eventually branched into production of everything from transformer equipment to pneumatic handling gear for bulk materials. With 9,000 employees in 27 countries, Halliburton...