Business & Finance: Rugged Texacan

For his temerity in trimming the elder Morgan in a stock deal, John W. ("Bet-a-Million") Gates was "exiled'' from Wall Street about 1900. One year later oil gushed in Texas and Gates plunged heavily in a struggling little business known as Texas Co. To sell its oil abroad, Texaco bought up a fleet of tankers. One of the tankers was captained by a blond, husky stripling of 22 named T. Rieber. Captain T. Rieber would not even commit himself as to his birthplace, which was in Sweden, or his first name, which was Torkild....

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!