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...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

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