$750 Million in Silver Debts To Be Repaid; Purpose of Partnership Herbert Hunt's Debts Placid Oil, Hunts Set Partnership
WASHINGTON, May 2 The Hunt brothers are setting up a partnership between themselves and an oil company owned in trust for members of the Hunt family to pay off an estimated $750 million in debts incurred in silver trading, Nelson Bunker Hunt and W. Herbert Hunt told two Congressional panels today.