Business: Cosden to Cover

Fortune's wheel spins fast in the oil industry but never so dizzily as for Joshua S. Cosden. One turn lifted him from a small-town newspaper to a $50,000,000 Tulsa oil empire. Another landed him in Manhattan society with a $2,000,000 house in Palm Beach, a stud farm in Virginia and a show place on Long Island where he entertained Edward of Wales in 1924.*

Then in a Wall Street tussle Josh Cosden lost his shirt, his homes and his company, which became Mid-Continent Petroleum Corp. With $3,000,000 put...

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