Word: shamrocks
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...author must have spent two weeks in the Shamrock Hotel-probably the cocktail lounge-and a weekend at the King Ranch, and decided she knew all about Texas. I have lived 45 years in Texas-and if I had my "druthers" would still be there-and sincerely wish someone would write about the other 7½ million or so people who live there who don't possess an oil well, a 100,000-or-more-acre ranch or a fabulous hotel. Not that I begrudge the latter one item of what they have. More power to them...
...hard blow for McCarthy. All of his big holdings, including the Shamrock Hotel, are mortgaged to the hilt and currently out of his control. He still has a radio station, a chain of neighborhood newspapers and other odds & ends. Despite the pinch on his purse, McCarthy still lives like one of the Big Rich in his big house, still throws big parties and flits around the countryside in his private plane...
...governors' conference in Houston, while the elders sweated over the problems of state, Virginia, Dorothy and Nina ("Honeybear") Warren went for a swim in the Shamrock Hotel pool, flashed gleaming smiles to prove that life with father can be fun. After the little convention, the girls headed for Chicago with more smiles for daddy at the Big Show...
Once more down on his luck, McCarthy is trying another comeback. But when he talked of starting a new wildcatting company, his chief creditor, Equitable Life Assurance, said no. It told him that he must put his McCarthy Oil & Gas Corp. and Shamrock Hotel in order, or step out of the management (TIME, April...
This week Manhattan's Equitable Life Assurance Society, holder of a $34 million mortgage on the McCarthy Oil & Gas Co. and on McCarthy's Shamrock Hotel, put its foot down on McCarthy's big plans. Since McCarthy is behind in his payments, Equitable informed him, in effect, that, if he began taking time away from his oil companies and hotel, now managed by Equitable, it would take over his properties and turn him out. Metropolitan Life, which has been running McCarthy's chemical plant at Winnie, Texas, on which it holds a $20 million mortgage...