Word: oilman
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Dates: during 1940-1949
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There were some splinter groups-and some who still hoped to heal the breach. Oilman Joe Pew, once a real power but now a political has-been, privately favored Bob Taft. Philadelphia's ex-City Chairman Jay Cooke had a small handful of delegates lined up for Harold Stassen. National Committeewoman Mrs. Worthington Scranton was working feverishly for unity behind U.S. Senator Edward Martin-who would be the delegation's favorite-son choice on the first ballot...
Over this empire, Bill Mellon, as president and later as chairman, kept a tight hold-until last week. Then, a few days before his 80th birthday, Oilman Mellon announced his retirement...
...take his place he picked Gulf President James Frank Drake, 67, a Mellon-trained man who has worked for the family since 1919. Into the presidency went Vice President Sidney A. Swensrud, 47, an oilman right after old Bill Mellon's heart. An honor graduate of Harvard's business school, he left a teaching job there to join Standard Oil Co. (of Ohio) in 1928, was vice president in charge of production when Bill Mellon hired him a year ago. With Swensrud as chief administrative officer, Gulf is certain to continue on its big-spending Mellon...
Contempt of Congress is a criminal offense, and is usually punished as such. In 1929 Oilman Harry F. Sinclair was sent to jail for three months* for refusing to answer a Congressional Committee's questions on his company's dealings. In 1935 William P. MacCracken Jr., secretary of the American Bar Association and a former Assistant Secretary of Commerce, was put behind bars for the destruction of subpoenaed papers...
...smoked it out was Carl Estes, oilman, publisher, and one of the principal Lone Star organizers. Ailing Mr. Estes was brought to the meeting on a stretcher. While his doctor plied him with pills, he read off a ten-page blast at management for selling pig iron to outsiders at little more than half the Texas market price. Who were the buyers? Why were these money-losing deals made...