THE CHINA MAIL, WEDNESDAY, DECEMBER 4, 1957.
Money and
BEGINNING TODAY:
The full story of the man who sprang into the headlines in one short week...because of a wealth which even
Mr. Getty day seems incredible
to pay
He also guaranteed
royalties whether he found all or not.
After so many years of walt- Manhattan slcyscraper,
of the Getty wells in quantiles that are bounding higher every month.
in
D
CHAPTER
The Art of
Multiplying Millions
by PETER LEWIS
hours a week. Fle is the remote Business has always Com tycoon.
first-before private life, be- He has reason for playing a for ort treasure hunting, long hand. A Scols engineer which is his mala relaxation who works in his Middle East oilfielda prid him this un- solicited compliment:--
RULER
"Gettyl new you don't hear much about him, but hơ's great. I tell you, great. Họ VJHY, at 04, ders be still work knows more about oil than any
ewned by one man. This prince- IR PAUL GETTY is a smallish man, and very dom has a prince and he really. Soud a million dollars a year in ing the oil began to push out panelled and deep-piled execu- boss I've met." MR
unobtrusive. He was living an unobtrusive rules it, life in a smallish hotel room in London when, one day last week it was discovered that he was worth £300 million-perhaps more.
own
Until that moment few people outside his eircles had heard his name. He had liked it that way. He liked to stroll about Europe unnoticed. He was proud of his carefully preserved incognito.
Getty and his family own 81 per cent of the Getty 011 Company, which in turn has majority control of four other major companies and a string of smaller ones.
Getty Is an absolute monarch, There is no one who
can tell
But the figures, once known, were against him. As him what to do. the richest American by a long chalk, he has become, whether he likes it or not, a public figure:
Why does Mr Getty so much dislike the limelight?"
Partly for the very under- atandable reason that he does badgered to not want to be death by people who hope he will make them a present of anything from Es. . to million dollars-because, e's they hopefully put t he "won't miss it."
1
Partly because ho. Is naturally shy man. And partly because being very, very rich for as long is one can remem- ber can have strange effects.
One of them is in faster on altitude of splendid isolation, a jeind
super-koneliness, of desert Island mentality.
NO THRILL
1
IAT, of course, is precisely
THAT
the reason for the interest
in Mr Getty, What is the effect of such staggering wealth on a
person man's character and ality? What is it like to be a Getly? And
Celly what is ike?
becomes and is that he is
The first thing that plain about this complex paradoxical man
not
he
It WE
GAMBLE
Interested in money.
fortune and created his does not thrlil' him to be the I had to fight for it. He did lehest of his countrymen, As not pick it up ready made. The
it: "It does puta
not all business he took over from
father specially matter to be that much his
In 1929 hos been meace than anybody else." expanded out of recognition by
Celty's conquesis. In short,
have You DRCC nough of R. money becuines a matter of indifference, and Mr Gelty, who is no spendthrift. has quite enough,
PRINCE
WHAT does concern hun is
what produces the money and the responsibility that goes with It in Gelly's case, an oil kingdom. He is his oil kingdom. You cannot begin to under-
withou! stand him
knowing about 11,
In the ancient world, which he has studied, he might have been a Caesar or an Alexander. This being the modern world he fights with dollars and stocks instead of with legionaries, and conducks his strategy in board-
It was a high stake and the next years were a test of a gambler's nerve. Millions were being paid out, but there was no
oil worth talking about flowing,
Even when oll had been found and "the fields were in produc- tion the ainital output (£2,000,000 worth Jast year) was only a trickle by Middio East standards....Until Celty climbed into his car
to take unbiher look at the territory,
He is himself nu mean pros- He enough of E pector, geologist and mineralogist to know where to look for all. He decided to develop the shallow zones of the territory instead of
then cands
belug the deep
And he struck it rich. a drilled.
HUNCH
refineries. and
tive suite, hidden away behind acres of outer offices, cosseted with assistants and secretaries end secretarles' secretaries, Insulated in a never-varying semi-sacred temperature and a atmosphere of Boss-worship.
In fact, there are such suites offices filled with Getty accountants, in
FLAIR
DD to this
his ability squeeze the last dollar out of a deni. "If you want to make money, that's the way to do it, be once said,
W30 to 00 hours a week?
He could surely hand dver commard to his BOYLE, and concentrate on enjoying the fruits
of
MUCCESS,
A close friend of Mr Getty, his publisher Mr Mark
to Goulden, mys: "This enormous wealth he possesses is virtually non-existent as far as he concerned. He goes on incress- ing it and it may not be for the love of piling up money, but to preserve the empire of which he is solo and exclusive monarch,"
investors
LETTY'S gamble looks like of
paying off indefinitely into atlorners and the future. It will pump out the America,
And add to that his flair for crude oil which can be carried
Two of Gelty's son, George making good investments-de across the world in the Getty and Ronald, play their parts bought his way into all com- super-tanker Beet, refined in the there us directors. But not panles in the years after the
Building an empire takes Getty
sold Gotty. He has not been inskie depression at rock - bottom
much talent. Holding on to it through the Getty marketing the place for nearly six years. prices because other system.
takes even more. Alexander wero holding off, Instead, you will and him in s
Ceesor did not Add all these together and did not retire. mallish hotel room in
London
retire either. the reason why ha or Paris,
you have without even DAC
is America's richest oll man. and with unly the
Success has taken its toll of secretary,
operators to
him. He has five broken mar-. He has there he riages behind him 50 or 00 blamed his work for the failure.
It needs only a short peop at a fraction of this jigsaw puzzle to bring home one of the first paradoxes of Paul Getty.
You would expect to find such
nan on a high floor of
Д
hotel switchbourd weed cut the calls,
There he sits and Pontrols. He works
rooms instead of in a general's ANNIVERSARY STORY FOR DECEMBER
tent,
But the results have n curious resemblance. Getty's entry into the Middle East was, in its way. us daring as Alexander's cam- paigns there.
Getty is the only independent Golly controls a network of oil producer who has got in and
whose companies
substantial claim assets staked out a oil total more than 1,000 million for himself, without being over- international dollars. In round figures they whelmed by the are equivalent to £392 million.
Klants who look on the Middle
their as Last year the net income of his East
He began his campaign companies was £30,000,000,
1949 when he pald King Saud Compared with glants like more than £3,000,000 for his Shell or Standard Oil this half-share in the all rights of a kingdom is only a princedom, bleak strip of desert between though an important one. Bul Saudi Arabin and Kuwait, the giant oil companies are not known as the Neutral Zone.
If it's for yourself
or someone
YOU LOVE
when only the best will do!
TOMORROW:
The treasures in his ranéh
CANADIAN
""HIROSHIMA"
At first
terrifying crash of
WIS a slight lay the half-burned body of his and
munitions ship Mont Blanc, In tons its hold were nearly 5,000
explosives, mostly T.N.T., and for fields and commonland, fear debris, 20 barrels of benzene,
the elty was silent for
abandoned his
to search
for hir
IGH up on the fortified Citadel Hill, rising moment later came a wife. A soldier, just back, from hours when its only available H1
225 feet above Halifax, capital of Nova Scotia, terrific blast that made even the France, dug feverishly in a pile telegraphist playground.
there is an ancient gun. It has been fired each Citadel quake. Then followed a of rubble, found his small baby morse-key
splintering unharmed then uncovered the missing wife, glass, and a thick pall of smoke dead bodies of his wife and five day at noon since the city was founded in 1749.
arose over the northern end of older children.
25,000 HOMELESS the city, For many of the 55,000
Many people, with fractured citizens who lived in the
and Thousands of dazed survivors skulls
broken limbs Before darkness yelled the unitended in rushed into the open and made sprowled
the terrible scene, the icy hand of great seaport 40 years ago,
bodies
brought of 200 winter The
etij more the daily gunfire was a re- minder of the grim war
ing a further explosion. A vast children lay uncovered in the suffering to the 25,000 homeless Of people "and the injured who
not be reached, A which was taking heavy MISUNDERSTOOD SIGNALS Processon of half-clad families, ruins of Dartmouth school.
shivering In the bitter wind, 550 schoolchildren in the
most could to of so many of their
seven blizzard began which continued The weather was clear and, wound its way up to the Citadel. devastated areas, only
survived. Hospitals were throughout the night. In a few song in Europe. And they even in The Narrows, the twa
STREETS FLATTENED
crammed with moaning casual hours, hundreds of bodies and counted themselves for ships had plenty of room in
ties, until no more could
charred remains of more be the tunate that Canada was so which to pass. But due to
than 3,000.houses were buried of misunderstanding
signala,
under three feet of snow. } far removed from scenes of they headed straight for each district ન the town of
Dartmouth, there was, to But help came from outside bloodshed and destruction. other. Frantic last-minute efforts
stunned by movement. Street after street the city almost at once. were made to avoid a collision of small wooden houses had been an hour after the explosion, a the magnitude of the disaster but the worst happened. TRAGIC IRONY
Fire broke out on board the ing, overturned kitchen ranges medical supplies lett Moncton Halifax from all parts of the
Mont Blanc
D
But down in the Richmond admitted.
faltened.
All Canada was Halt
In homes still stand- train full of doctors, nurses and and rellet supplies poured into
and lamps started area which spread new havoc and added to the mounting death-roll,
All Moneton's 120 miles away.
re-appliances were also rushed 10 Halifax to help save the Jame-swept city.
water- MARTIAL LAW
and burning oll spread the flames all over the fore part of the doomed ship. Desperately. the crew fought to but the control the holocaust,
North End Station, the big so hopeless that rail terminus near the For position was
both ships were abandoned. Un front, was completely destroyed. the munitions ship Freight came were hurled nearly attended, drifted towards the shore, and the fire-engine "Patricia" raced towards it in a gallant attempt to avert a disasier.
It was a tragic irony, there fore, that Halifix should suffer, in the space of a few seconds, far worte horrors than any to be seen on a battlefield. more than 2,000 of its indiabit ants, the "maroon" on Decem- ber 5, 1917, was to be the last they would ever hear.
the cold.
bright
Early on morning of the following day BLAST HEARD 50 MILES there was the usual bustle of
But at Dam, just as activity in Halifax harbour. A
the the Imo, engine arrived, Halilux was de- Norwegian steamer, was leaving with rellet cargo vastated by one of the biggest for Belgium.
in bi explosions And approaching pre-atomic slowly through the narrow pass tory. It was seen and heard 50 age connecting the harbour with miles out at sen. On land, win the spacious anchorage of Bed- dows were broken even further ford Basin, was the French away.
no
Immediate ald ziạo country.
United States Queues of came from the by land and seo. tragic victims lined the streets to collect blankets, clothes and food from soldiers and volunteer котиста. But woeks passed before order could be restored to the shattered city.
wes the
Mont
were Fortunately, there two miles, and a gun from the troops in the harbour at the Mont Blane was blown three time of the explosion. Only
mes as far The city was twelve members of the city's CREW ESCAPED inches deep in glass. In one large garrison
kliled were horrifying fraction of time, 300 Martial law was proclaimed and Strangest feature of the people had been blinded by fly the soldiers tolled to the point explosion
miraculous ing splinters.
of exhaustion to bring relief to escape of the
Blanc' the suffering. They gave up crew. Just in time, they had HARROWING SCENES
their barracks to women and fled into the woods and although children and erected tents for blown to the ground by blast, Everywhere there were themselves.
all but one survived. An old man harrowing scenes.
Almost all Halifax's com- Ho was killed by the crashing stood mute and helpless outside the ruins of his house in which munication had been severed branch of a tree.
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We'll draw our club money, have a faw here, push on to The Spotted Cow,, have.
"the Dog and Duck, have a couple with Sid, give the Queen's Arms a laak, nip round, to Th
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