Lucrative Maze A Senate committee last week turned its attention to a question involving eight war-surplus tankers with fancy names, e.g., Oywhee, Antelope Hill, and even fancier postwar histories. How did a group of highly placed Washington promoters manage to buy the ships for a mere $101,000 investment and then unload them with a $3,250,000 profit? To find out, the committee had to wade through a maze of interlocking corporations.
Corporation No. 1 was formed in 1947 by Joseph E. Casey, 52, onetime Democratic Congressman from Massachusetts.
It floated a $9,700,000 loan from...
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