Word: sid
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...Over." Young, meanwhile, carefully marked and folded his ballot (representing his holdings and proxies turned in to him) and turned it over to the voting tellers at the front of the hall. Another 800,000 shares were voted for Young by Don Carter, representing Texas Oilmen Clint Murchison and Sid Richardson. Shortly after, Young announced to the meeting: "You have won today . . . We have made history . . . The Young-Kirby-Alleghany group has cast a ballot representing a majority of all the outstanding stock . . . On the basis of an 85% to 90% vote, we will have a majority...
...school he was a laggard in mathematics and was put in a special class, where he was made to do sums in his head. The lessons stuck, and he now astounds people with his memory for figures and lightning-like calculations. Schoolmate Sid Richardson, who is five years older, spent his spare time trading cattle. Sid taught Clint so much about cattle trading that Murchison was able to run a crippled heifer into $1,500 by the time he entered Texas' Trinity University...
...entered the Army in 1917 and got a commission, but even the Army could not stop his trading. When the brass on his post ordered some salvage lumber burned, Clint sold it instead for kindling, netted more than $15,000 for the mess fund. (Sid Richardson, meanwhile, had joined a National Guard company where he was allowed to do some oil-lease trading to bolster the outfit's funds...
...Line, Delhi and Holt, Ohio's Diebold office-equipment company (60%), Chicago's Consumers construction-materials company (85%), a water company in Indianapolis and six Texas banks (including 100% control of Athens First National). Through Delhi, he has a big interest in Taylor Oil & Gas, and with Sid Richardson, he controls Kirby Petroleum in Houston. Other interests: a restaurant in California, a club building in Denver, a small newspaper in Texas, a Tennessee motel, Easy Washing Machine of Syracuse, a curb-service grocery chain in Dallas, a Mexican silver factory, and a big chunk of Missouri Pacific bonds...
Oilmen argue that without the depletion allowance nobody would take the risks needed to find new oil reserves. In the last three years Sid Richardson claims to have spent $15 million looking for oil without bringing in a well. And Murchison's Delhi Oil ran up a $690,000 deficit last year because almost half the 56 wells it drilled were dry. Only the depletion allowance, they say, keeps them hunting and keeps oil prices from soaring...