Word: pooling
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...crudest practical-joker among U. S. tycoons) again faced a circle of investigating Senators who wanted to know why the chairman of a competing oil company later merged with Sinclair Consolidated, had received a 2½% cut in the $12,000,000 profits of the 1928-29 Sinclair stockmarket pool. Prairie Oil's William Samuel Fitzpatrick had not been a syndicate member and the pool's manager Arthur Cutten had been able to shed no light on the transaction (TIME, Nov. 20). Haggard from a recent illness, Harry Sinclair resignedly puffed a black stogy, warily eyed Inquisitor Pecora...
...Chase Bank's list of syndicate loans were found the names of Alfred Emanuel Smith and John Jacob Raskob. Not troubling to learn more, the Press whooped that Al Smith had been caught dabbling his fingers in a stock-market pool. That night Mr. Raskob hopped down to Washington as a voluntary witness to set the Senators aright...
...without putting up I? but also the biggest stock and grain speculator that the Senators had yet beheld. Spare, white-haired, slightly deaf Arthur William Cutten sat with his hand cupped behind his ear throughout most of the long interrogation on the great Sinclair Consolidated Oil pool of 1928-29. Unsmiling he peered through his spectacles at Inquisitor Pecora whom he could not hear half the time and who could hear Mr. Cutten's muffled replies less often than that...
...William Samuel Fitzpatrick, chairman of Prairie Oil, then a Sinclair competitor but later merged, was paid $300,000 out of the pool's profits although he had no interest, Mr. Cutten could not explain. "All we know, then," remarked Inquisitor Pecora, exasperated, "is that it wasn't made at Christmas time, so it couldn't have been a Christmas gift...
...live in them is to live as in a club--a floor below are ping-pong tables, library, and for the Merrimaniacs a History Reading Room. Two floors below are dining room, radio, fireplace, magazines, newspapers, piano, and demi-tasses. Three floors down are barber shop and pool room. (To be sure, these facilities are open to all Freshmen, but we alone are constantly within banister distance of them. Who but us can sleep till 8.28 A.M. and still reach our orange-juice before the grim-faced guardian of the portal bars the way with her flimsy-looking but entirely...