HIGH FINANCE: How to Make a Buck

In Manhattan last week, a check for $143,027,000 was handed to Robert M. Littlejohn, War Assets Administrator. It was the final payment on the most favorable war-surplus deal the Government had ever made, and it closed the books on the long, acrimonious controversy over disposal of the Big Inch pipelines.

In return for the check, Reginald H. Hargrove,* president of the Texas Eastern Transmission Corp., got title to the 1,254-mile, 24-in. Big Inch, and the longer (1,479-mile) but smaller (20-in.) Little Big Inch. Through them, Texas Eastern soon hopes to be pumping 433 million cubic feet of natural gas a...

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