Technology: Frozen Gas

Shortly before the Korean war, a Chicago gas company injudiciously tried to raise the price of the natural gas it was selling to a power company controlled by William Wood Prince. 47, now chairman of Armour & Co. and a managing trustee of the 30-company Prince trust (TIME, March 3). Indignantly, Prince ordered his research men to find a way of bringing methane to Chicago by water transport. The result, twelve years and $50 million later: a method of shipping liquefied methane that promises to bring handsome new profits to Business Wizard Prince and to open untapped markets for the...

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