Word: oiled
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Dates: during 1960-1969
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There they were, scattered through the 15-room mansion of Texas Oil Millionaire Algur Hurtle Meadows, elegantly framed paintings by nearly every leading painter of Paris. You name them, Meadows had them-Picasso, Matisse, Dufy, Derain, Modigliani, Bonnard, Degas, and on and on. For insurance purposes, they had been appraised by New York Art Expert Carroll Hogan at $1,362,750. On the market, works by such artists might fetch $3,000,000. But, confided Oilman Meadows to his admiring guests, they had cost him "closer to $400,000 than a million," and maybe as little...
...years, Al Meadows, 68, built General American Oil Co. into one of the nation's leading crude-oil producers, with affiliates in Europe and Canada, controls it with stock worth $68 million. "In oil and real estate, sometimes I've made $500,000 in a day-never made a really bad deal," he boasted. "Al operated on the same code in buying art that he did in oil," says one of Meadows' closest friends. "A man's word and handshake were good enough...
Disintegrating Canvas. But in shifting from oil to oils, Meadows' luck and his eye for a bargain failed him. Last December he invited in Dallas Art Dealer Donald Vogel to discuss putting some of his French masterpieces up for sale. "It was a crushing experience," Vogel recalls. "When I examined a Bonnard closely, it just disintegrated before my eyes. The colors were not right, the texture was not right, and I knew that the picture was elsewhere, in a rather noted collection...
...Signal Oil & Gas Co., the Los Angeles-based giant (1966 sales: $1 billion) that aims to strike it rich away from the oilfields as well as in them, added Mack Trucks Inc. to a list of holdings that already includes 48% of American President Lines and Garrett Corp., a manufacturer of aerospace components. Signal lost out in a bid for ailing Douglas Aircraft last winter, but the Allentown, Pa., truckmaker was only too glad to get under Signal's rich corporate umbrella. Despite record sales ($412 million in 1966), Mack has been desperately short of capital needed to expand...
Ladies & Englishmen. Such shortages are changing the look of the labor force. Houston's Ada Oil Co. is now hiring female gas-station attendants who must be at least 5 ft. 6 in. tall in order to reach windshields. And-shades of TV's Josephine the plumber-women really are going into plumbing, because male plumbers are in short supply. Chicago's Checker Cab Co. has taken on 40 wom en drivers, and Deere & Co. of Moline, Ill., has women draftsmen, engineers and office managers. With even the supply of qualified women limited, some companies are going...