Oil
McLendon's father-in-law was former Louisiana Governor and oil magnate James A. Noe who, along with his partner, Governor Huey Long, formed the controversial Win or Lose Oil Company. The firm was established to obtain leases on state-owned lands so that the directors might collect bonuses and sublease the mineral rights to the major oil companies. Although ruled legal, these activities were done in secret and the stockholders were unknown to the public. Noe and Long made a profit on the bonuses and the resale of those state leases, using the funds primarily for political purposes.
Read more about this topic: Gordon McLendon
Famous quotes containing the word oil:
“As artists they’re rot, but as providers they’re oil wells; they gush. Norris said she never wrote a story unless it was fun to do. I understand Ferber whistles at her typewriter. And there was that poor sucker Flaubert rolling around on his floor for three days looking for the right word.”
—Dorothy Parker (1893–1967)
“Friendship and money: oil and water.”
—Mario Puzo, U.S. author, screenwriter, and Francis Ford Coppola, U.S. director, screenwriter. Michael Corleone (Al Pacino)
“Eat what you can get.
Where’s the salt
in this dump of a village?
And, Lucky Man,
what’s the use
of a salty thing
if there’s no oil in it?”
—Hla Stavhana (c. 50 A.D.)