Word: oklahomas
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Dates: during 1950-1959
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Last (with Mississippi) of the dry states, Oklahoma is a stronghold of the Woman's Christian Temperance Union and the United Drys. The state was dry when it entered the union in 1907, and has remained militantly dry since; six repeal referendums have been defeated (as much through the bootleggers' efforts as the W.C.T.U.'s). Today there are no open saloons, but a $100 million-a-year bootleg business will supply 400 varieties of liquor at reasonable prices to anyone who wants them. On the other hand, the state loses $15 million each year-in tax revenues...
...goes after a warrant, the pint pitcher disappears. As fast as he raids and closes one package store, another opens. Police liquor details are inadequate; Tulsa attempts to stem a 30,000-case-per-month consumption with a three-man detail. As it was during national Prohibition, Oklahoma public opinion is more with the bootlegger than with the police...
...first, said SEC, was a merger between Sweet Grass and a group of Oklahoma oilmen who formed a company called Depositors Mutual Oil Development Co., which had leases on Oklahoma oil lands. For $1,900,000 they sold out to Sweet Grass. Meanwhile, Sweet Grass created 1,750,000 shares of stock, presumably to cover the merger and be issued to stockholders in D.M.O.D. But actually, said SEC, since the merger had already been paid for in cash, most of the stock wound up in President Ciglen's Toronto brokerage account...
...more than $7,500,000 (including the brokers' 15% commission). Later, another 500,000 shares of Sweet Grass stock were issued to cover a merger with a Canadian company called Pitt Petroleums Ltd., and sold in the U.S. In a third merger, involving Kroy Oils and a Texas-Oklahoma company called Coronet Development Corp., Kroy officials, some of them also connected with Great Sweet Grass, issued 1,500,000 new shares of Kroy Oils stock, which in turn brought $1,900,000 from gullible investors...
John R. Wagner, until three weeks ago a freshman at M.I.T., was arrested in Oklahoma City early Saturday morning for robbing an Illinois bank of $19,000. Wagner had eluded a police search for three and a half months...