Word: sol
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Among its specialties was anhydrous ammonia, a chemical fertilizer. And then in 1958. along came Billie Sol Estes. who could sling fertilizer with the best of them...
Offering the shakiest sort of financial credits. Billie Sol still sold Commercial Solvents on a curious deal: over the ensuing years, the company supplied Estes with an estimated $12.7 million worth of the anhydrous ammonia fertilizer-getting back to date some $7.000,000 in Estes' revenues for grain stored in Billie Sol's grain elevators under federal programs. Estes "paid"-and little cash was involved-as much as $90 a ton to Commercial Solvents for its chemical manure, then sold the stuff to West Texas farmers for as little...
When Billie's bubble busted. Commercial Solvents was left floating. The firm has since found itself a co-defendant with Billie Sol in a civil antitrust suit filed by Texas' Attorney General Will Wilson. The charge: conspiring to monopolize the West Texas market for anhydrous ammonia by underselling all competitors...
Last week Commercial Solvents had its own say before the House Subcommittee on Inter-Governmental Relations. Witness Maynard C. Wheeler, the company's president, clearly wished he had never heard of Billie Sol Estes. But he stoutly insisted the Commercial Solvents' relationship with the Pecos Ponzi had been that of "company and supplier, and no more...
...been a cold, damp spring in Spain, but this has not deterred the first wave of the estimated 10 million foreigners-one for every three Spaniards-who will visit Spain this year, particularly the booming Costa Brava and Costa del Sol. which have turned into a kind of noisy, cut-rate Riviera, where conservative Spaniards sneer that the girls go to Mass in bikinis...