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J. PAUL GETTY - DOCUMENT SIGNED 03/25/1963 - HFSID 250711

J. PAUL GETTY This Power of Attorney form is signed by the oil businessman who agrees to appoint a Joseph Peeler as the attorney on behalf of his son, Eugene Document signed: "J Paul Getty", 1p, 8½x11. Surrey, England, 1963 March 25.

Sale Price $1,190.00

Reg. $1,400.00

Condition: lightly creased, otherwise fine condition
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J. PAUL GETTY This Power of Attorney form is signed by the oil businessman who agrees to appoint a Joseph Peeler as the attorney on behalf of his son, Eugene Document signed: "J Paul Getty", 1p, 8½x11. Surrey, England, 1963 March 25. Headed: "State of California, Office of Franchise Tax Board, Sacramento". Income Tax Power of Attorney [Individual Return]. Getty, as a trustee of his mother's estate, gives Power of Attorney to a Los Angeles lawyer on behalf of his son, Eugene Paul Getty. Begins: "I, J. Paul Getty, as Trustee under the Testamentary Trust of Sarah C. Getty, Dec'd. for the benefit of Eugene Paul Getty, residing at Guildford, Surrey, England, (Permanent home and domicile in Los Angeles, California), have made, constituted, and appointed, and, by these presents, do make, constitute and appoint Joseph D. Peeler, a resident of the United States, whose address is 621 Hope Street, Los Angeles 17, California, my true and lawful attorney for me and in my name, place, and stead, to execute and to file the Fiduciary/income tax return required by the California Personal Income Tax Law to be made by me for the taxable year 1962...." Also signed by two witnesses. When Getty's father, GEORGE F. GETTY died in May 1930, he left his son only $500,000 of his estate, which was valued at over $10 million. J.P.'s mother, SARAH GETTY, controlled two thirds of George F. Getty, Inc., which she sold to her son before the year was out (Christmas 1933) for $4.5 million. EUGENE PAUL GETTY (1932-2003) was the son of Getty and his fourth wife, Ann Rork. In 1916, JEAN PAUL GETTY (1892-1976) and his father had incorporated the Getty Oil Company, an early precursor to the great conglomerate. Getty's multi-state operation went international in 1949 when he completed a deal to lease oil fields in Saudi Arabia. During the Depression Era, Getty had bought extensive quantities of stock and in 1956 he gained control of Pacific Western, which he renamed Getty Oil, ending a 19-year stock battle with Standard Oil. Although he was one of the world's richest men, Getty had a legendary reputation for miserliness, perhaps stemming from his childhood, when his father gave him only a small allowance and encouraged him to "pinch pennies". Eugene Paul, who was later known as Paul Getty, John Paul Getty, and Jean Paul Getty, Jr., was expected to "prove himself", and his first job was pumping gas for $100 a month. Paul, who took control of Getty Oil's Rome division in 1959, married Gail Harris in 1956 and the couple had four children, J. Paul (born in 1956), Aileen (born in 1957), Mark (born in 1960) and Adriadne (born in 1962), before divorcing in 1964. In December 1966, he married Talitha Pol, by whom he had one son, Tara Gabriel Galaxy Gramophone Getty (born in 1968), before his wife's death of a drug overdose in 1971. Paul, who took up permanent residence in Chelsea in 1972, was himself a drug addict, and he faced other family tragedies as well. In 1973, his son, Paul III, was kidnapped in Rome. J. Paul Getty had at first refused to help pay the ransom, saying, "I have 14 other grandchildren and if I pay one penny now, then I will have 14 kidnapped grandchildren." Getty later relented and contributed to the ransom payment after his grandson's ear was delivered to a newspaper in Rome. When his father died in 1976, Paul was essentially written out of his will; he was left only $500. He got his money from the family trust, but in 1984, Paul and his brothers sold Getty Oil to Texaco for $10.1 billion. Paul, who became a philanthropist in Britain, contributing large sums to cultural institutions, was awarded a KBE in 1987, but could not use the title "Sir" until he was granted British citizenship in 1997. Lightly creased. Staple and file holes at upper blank margin. Pencil note (unknown hand) at upper right corner. Otherwise, fine condition.

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