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...simply to rescue a $5,000,000 loan which Cousin Andrew Mellon had made on some Texas oil leases. He salvaged the money so well that when he retired at 80 his empire (still 41% owned by the Mellon family) stretched from Venezuela, where only Standard's (NJ.) Creole and Royal Dutch Shell outrank Gulf's Mene Grande, to Kuwait on the Persian Gulf, where Gulf and Britain's Anglo-Iranian share more than 11 billion bbls. of oil reserves. Under him, Gulf got the prospecting rights to all of Denmark, and his global marketing and producing...

Author: /time Magazine | Title: OIL: Billion-Dollar Chip | 10/15/1951 | See Source »

JULIANA JOHNS Rochelle Park, NJ...

Author: /time Magazine | Title: Letters, Oct. 1, 1951 | 10/1/1951 | See Source »

Near Bordentown, NJ. the 476-ft. Grille, once proud pleasure yacht of Adolf Hitler, later bought by Textile Millionaire George Arida, went under the torches of a salvage crew, to be cut up and sent to the national defense scrap pile...

Author: /time Magazine | Title: People: The Social Graces | 8/27/1951 | See Source »

Next Stassen called 20 faithful supporters to a meeting at the Clarksboro (NJ.) home of Amos J. Peaslee, the affluent lawyer who was Stassen's Eastern money-raiser in 1948. Stassen told them his plan. He admitted that he still dreamed of being President, but he knew that his chances in 1952 would be poor. The Stassen men went away...

Author: /time Magazine | Title: POLITICAL NOTES: Operation Ike | 7/30/1951 | See Source »

...Tony Trabert, the National clay court tennis title, in an upset over U.S. Champion Art Larsen, 6-8, 2-6, 6-4, 6-3, 8-6; in Chicago. ¶ Victor Seixas, the Spring Lake invitation tennis tournament, over Bill Talbert, 6-2, 6-3, 6-3; in Spring Lake, NJ. ¶The U.S. yacht Malabar XIII, the 4,4OO-mi. international race from Havana to San Sebastian, Spain; in 28 days, arriving 48 hours ahead of its nearest rival. ¶Palestinian, the $57,100 Brooklyn Handicap, one of U.S. racing's oldest stakes (first running: 1887), over Sheilas Reward...

Author: /time Magazine | Title: Sport: Who Won | 7/23/1951 | See Source »

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