Word: murchisons
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...Clint Murchison of Dallas. An oil-rich man who has gone into other enterprises, Murchison owns large interests in gas pipelines, public utilities, insurance companies, a publishing company (Holt). Last week he was entertaining the Duke & Duchess of Windsor at his 120,000-acre ranch in Mexico...
...fond parent, he is making a place for his two sons. When John Dabney, 25, who finished Yale last month, showed interest in publishing, Murchison bought into Henry Holt, made John Dabney a director. For John Dabney and Clint Jr., 23, who graduates from Massachusetts Institute of Technology in September, Murchison also bought two insurance companies...
Despite his complex deals, Murchison is no round-the-clock grind. In his 20-room mansion near Dallas, he likes to give big parties in a bar whose walls are sheathed in gleaming tarpon scales. Murchison takes off his tie, rolls up his sleeves, and invites his guests to do likewise. He keeps a six-seater converted C-47 (complete with bar, three couches and card table) to whisk him back & forth from his 120,000-acre Mexican ranch, where he goes to hunt and fish. And his way of announcing his arrival at home is to bellow...
Would it soon be over in other textiles? Dr. Claudius T. Murchison, president of the Cotton-Textile Institute, said: "The appearance of scarcity has been deliberately created." Actually, said he, cotton-textile production was 12% above...
Cotton traders wanted proof that the plan would work, but like Dr. Claudius T. Murchison, head of the Cotton Textile Institute, and almost everyone else who had soberly pondered cotton's bleak future, they were prompt to endorse it in principle. At 22? a lb. the-U.S. cotton growers have priced themselves out of the world market, have come recklessly close to pricing themselves out of the domestic market. Government warehouses bulge with 6,500,000 bales of surplus cotton. And the price of rayon is now so close to that of cotton that many of the larger...