Business: Royalist's Revelations

A sharp, lean, hustling promoter is J. Edward Jones, 41, world's largest dealer in oil royalties. He worked his way through the University of Kansas as a soda jerker, now lives swankily in Scarsdale, N. Y. The intervening years were largely spent in initiating the public into the mysteries of oil royalties. When a landowner leases mineral rights, he retains the right to the royalties—generally one barrel out of every eight. Because he and his clients receive one-eighth of production irrespective of the price of oil, Mr. Jones does not look kindly...

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