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 a rule they will refuse even to sample a foreign dish, they regard such things as garlic and olive oil with disgust, life is unliveable to them unless they have tea and puddings.”
—George Orwell (1903–1950)
“Can he who has discovered only some of the values of whalebone and whale oil be said to have discovered the true use of the whale?”
—Henry David Thoreau (1817–1862)
“To make a good salad is to be a brilliant diplomatist—the problem is entirely the same in both cases. To know exactly how much oil one must put with one’s vinegar.”
—Oscar Wilde (1854–1900)