Business & Finance: Pipes Completed

From the Hugoton gasfield of Kansas and from the neighboring Amarillo field of the Texas Panhandle to Rockville, Ind. is about 805 miles as the plane flies. In 1928 a young promoter by the name of Frank Preston Parish formed Missouri-Kansas Pipe Line Co. to run a natural gas line over this distance. In June 1930, it became apparent that Mr. Parish needed more funds. Three months later potent Morgan-affiliated Columbia Gas & Electric Corp., in order to avert a rapid descent of the entire gas balloon, and to avert what might have turned out to be unwelcome competition, bought a...

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