Word: oiling
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Dates: during 1920-1929
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...more interest than his Cuban mission for low-duty sugar men, the committee found his statement of clients and fees. His income, he said was close to $150,000 per year, to which the Royal Dutch Shell Oil Co. contributed $25,000, the Burlington and Northern Pacific Railroads $20,000, the Baltimore & Ohio $10,000, United Fruit Co. $15,000 (to prevent a tariff on bananas), the Chesapeake & Ohio and Hocking Valley $12,000, the Cuban Embassy...
...first felony ever proved on a member of a U. S. President's Cabinet. Shortly after Mr. Fall was sentenced to a year in prison and a $100,000 fine-the amount of the bribe he took from Oilman Edward Laurence Doheny for arranging the Elk Hills oil lease in 1922 while serving as Secretary of the Interior-Mrs. Fall posed and spoke for Fox Movietone News. The film contained "news" which had escaped or been rejected by the newspapers. Mrs. Fall declared: "The jury . . . stood on the second ballot nine for acquittal, two for conviction. The twelfth...
Heroes. Julius Rosenwald, board chairman of Sears, Roebuck, early in the decline offered to cover the margin accounts of all his employes, became the prime hero. Later Standard Oil of New York became hero-ized with its announcement that it would lend $43 a share ($11 above the market at one point) to employes who had borrowed on their holdings. Other helping companies were Standard Oil of New Jersey, Humble Oil, Gulf Oil, U. S. Steel, Newton Steel. Late last week, when Washington's official silence was broken with promise of the tax reduction, then of an industrial conference, Hoover...
...momentary hero during the break was John Davison Rockefeller, who said he and his son had been buying stocks. When prices continued to go down so did Rockefeller's glory. But when last week Standard Oil of New Jersey was selling at 50¾, the market was electrified by an order to buy 1,000,000 shares at $50 and Rockefeller became a permanent hero...
Scheme No. 2 involved William T. Kemper, for some years Federal Receiver of the Kansas City, Mexico & Orient Railroad, purchased last year by Atchison, Topeka & Santa Fé. Charges against Receiver Kemper were that in 1924 when stockholders thought the situation hopeless, he learned of oil discoveries along the line, of improved operating conditions, of terms in the Santa Fé deal that would make Orient gold convertible notes worth more than face value. Then, according to charges, he bought more than $1,000,000 of these notes at from 10¢ to 25¢ on a dollar, within a few months sold them...