Word: oiling
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Dates: during 1920-1929
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...rapidly increasing rate of depletion of our natural sources of supply and the increasing difficulty of finding new rich deposits as the area of unexplored regions gets smaller and smaller, we should be hard put to it before many decades to maintain the steady output of metals and oil needed for our industries...
...branch of the U. S. Government, in the form of a man who is seldom news: Howard Sutherland, acting Alien Property Custodian. Said he: "I did as my judgment and conscience dictated." His deed was to support Mr. Rockefeller Jr. with proxies for 12,000 shares of Standard Oil of Indiana stock, which had been seized from Germans and Austrians during the World War and for which Mr. Sutherland is sole trustee...
Round 6. Securely tucked in many a vault, seldom touched and earning quietly, are large blocks of Standard Oil of Indiana stock?the property of families of early Standard Oil partners, Harkness, Pratt, Brewster, Payne, Flagler, Rogers, etc. On these, Mr. Rockefeller Jr. confidently counts for support. S. H. B. Payne, however, came out for Col. Stewart. The Payne Whitney and Pratt estates remained doubtful, last week. The University of Chicago (object of many Rockefeller benefactions) was expected to use its 30,000 shares for the-good-of-the-family...
...years experiments have been made in an effort to devise an automobile engine which could use fuel oil, rather than the more refined product, gasoline. Mitten Management, Inc. (operating buses and taxicabs in Philadelphia) has developed the "gas generator," has tested it on 20 buses, traveling 300,000 miles of hilly country. Last week Mitten Vice President J. A. Queeney said that he was ready to use fuel oil in 600 buses, 3,000 taxicabs; advised all U. S. bus operators to use fuel oil if they want to save $50,000,000 yearly...
Automotive Engineers, in annual meeting at Detroit, were skeptical of the importance of the Mitten innovation, believed that it had been devised too late. H. C. Dickinson of the Federal Bureau of Standards argued: "Gasoline is made by cracking crude oil and the big oil companies can crack oil so cheaply now that it hardly pays to develop an automobile engine that will do this work. Besides, when the oil is cracked at the refineries, the by-products which have a market value are saved. When oil is cracked in an automobile engine it is lost...