Word: blausteins
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Dates: during 1940-1949
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...Louis Blaustein was a genius in oil. His tank wagon business grew into American Oil Co. (Amoco). By 1922 its stations on the Atlantic seaboard were important competitors of Standard of New Jersey stations. The Blausteins worried about their source of supply, because Amoco was strictly a marketing company, depended chiefly on competing Standard of New Jersey for its gasoline and oil. Smart merchandisers, the Blausteins saw a way out, in 1923 sold half the stock of Amoco to Pan American (then controlled by Edward L. Doheny), congratulated themselves that finally they had an integrated setup. For Pan American, with...
...year of the Big Blizzard, German Immigrant Louis Blaustein landed in New York with 50? in his pocket, lent it to a needy cousin, headed for Baltimore. From a one-horse wagon he peddled cans of kerosene, soon got a job with John D. Rockefeller's up-&-coming Standard Oil Co. When he quit to go into business himself in 1910, he was rich enough to buy a one-horse tank wagon, and sell gasoline from the rear end while his son Jacob drove...
...millionaire, charitarian Louis Blaustein, death came in 1937, few months after he had filed one of the most potent lawsuits ever brought in New York County's Supreme Court. Main defendants: Standard Oil Co. (Indiana); great Standard Oil Co. (N. J.); its operating subsidiary, Standard Oil Co. of New Jersey. Last week stocky, easygoing Son Jacob was head of the Blaustein family and administrator of its Baltimore charities when Justice Samuel Irving Rosenman (onetime Governor's Counsel to F. D. R.) handed down a decision in the case...