Word: murchison
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Dates: during 1960-1969
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...Murchison boys on the cover this week join a small and unique society of cover subjects whose parents were on TIME'S cover before them. Texas Millionaire Clint Murchison appeared...
...with Texas businessmen heading for Wall Street to borrow money. The two most notable jet passengers from Dallas to New York last week-flying on separate planes to increase the odds that at least one of them would survive the trip-were bound on a different mission. John Dabney Murchison, 39, and his brother Clinton Williams Murchison Jr., 37, flew to Manhattan not as suppliants but as conquerors. In a coup that outdealt even the feats of their wheeler-dealer father, oil-rich Clint Murchison Sr. (TIME cover, May 24, 1954), the Murchison brothers of Texas had won, almost...
...Allegheny's future. After his business breakfast, Clint Jr., too, showed up at Alleghany to listen in on the intricate briefings on company affairs. Then the brothers headed off for separate tables at "21"-Clint to explore another land deal, John to meet with the president of a Murchison-owned insurance company. In the afternoon, Clint Jr. headed back to Dallas to cover home base; John still had a week's work to do in New York...
...Calf on Credit. The Murchisons have been rich all their lives, began early to get their education in high finance. While they were still toddlers, Father Clint Sr. switched from buying oil leases, in partnership with the late Sid Richardson, into oil drilling. A brilliant trader, old Clint Murchison built his original holdings almost entirely by credit, swapping a share of one oil lease for money to start a second. In 1925, after his fortune had reached $5,000,000, Clint took a brief fling at retirement. But after his wife's death in 1927 he went back...
Calvinistic Compulsion. The Texas to which the Murchison boys returned was changing fast, was no longer just a cornucopia shaped like an oil well. Among the Dallas millionaires, Trammell Crow made his fortune by building and operating warehouses in a dozen states, and Carr P. Collins and his sons got their multimillion-dollar stake in the insurance business. Texas Instruments Chairman Erik Jonsson was busy piling up what eventually became $100 million in electronics, and Leo Corrigan was rapidly multiplying his wealth by building a hotel combine that now stretches from the Bahamas to Hong Kong...