Word: oiled
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Dates: during 1920-1929
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...Dearborn, Mich., from Menlo Park, N. J. Ruminantly chewing tobacco as he inspected, Edison scuffed the dirt floor with his toe. "Why, Henry's even got that damn New Jersey clay here," he marveled. There later was to be staged the feature performance-Inventor Edison working by oil lamp over his old bench, tinkering with his old tools, fabricating a replica of the first incandescent electric lamp, switching on the current, seeing the wires glow yellow, then shambling over to his old reed organ in the corner to play a few tunes. The tinkering was the climax...
...settle U. S. overproduction. Drilling in California is expected to bring in new supplies, and constitutionality of the State Conservation Law (TIME, Oct. 14) is being questioned. Government reports last week indicated that while 3,000,000 acres are in production, there are 22,000,000 acres of unproved oil land. There is no satisfactory protection against these fields being opened and operated. In storage is enough oil to furnish the U. S. demands even if all production were entirely shut down for nine months...
Exposition visitors who chanced to be in Oklahoma City later in the week watched two figures, protected by metal shields and a heavy barrage of water, start to work their way toward the centre of an oil fire. They were Mack and Fred Kinley, famed for their fire-fighting technique. After two days of slow progress, the Kinleys succeeded in removing the twisted debris of the derrick and in placing a gelatin bomb near the well's flame-spouting mouth. The same moment that an electric contact ignited the bomb a special battery of boilers threw live steam...
...real revival of activity in the bond market, there was tossed last week the biggest single bond issue since 1926. It was $100,000,000 of 5% convertible debentures of the famed Texas ("Texaco") Co. Just as the big 1926 issue of $120,000,000 of 5% Standard Oil Co. of N. J. bonds was oversubscribed immediately, so last week's Texas offering was sold between its release in the late afternoon and 10 o'clock the next morning...
...financing, Texas Co. President Ralph C. Holmes said the proceeds would be used for expansion of the present organization rather than the acquisition of new units. Already one of the greatest in the world is the system to which this expansion will be brought. Texas Co.'s oil and gasoline are the only brand sold in every state. To supply this demand, as well as foreign markets, the company controls 6,431,151 acres of oil land from which flow 147,000 barrels a day. Pipe lines carry this oil 6,505 miles to 17 refineries, after which...