Business & Finance: Index: Nov. 26, 1928

Millionaires. A person who has only a million dollars in cash or property is not a genuine millionaire. In the U. S. a genuine millionaire must have an annual income of at least $1,000,000; this means the possession of $20,000,000 (figuring on the basis of a 5% yield). There were 283 U. S. millionaires in 1927, according to the Internal Revenue Bureau, last week.

Oil! Midnight. A signal, a shout. Then the sound of machinery drilling in the black earth, while lights gleamed on 92 steel derricks and cut the black sky. That was...