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...from $4,865,000 in 1934 to $8,813,000 last year. Included in the 1935 figure was a $1,564,000 profit from sale of two tankers "not needed in the company's service." Continental's Daniel James Moran is one of the few U. S. oilmen who is not a confirmed expansionist. In his report, which he signs "Dan Moran," he noted: "During 1935, the company's marketing program centered on improving marketing methods to the exclusion of expansion. An analysis of sales at the beginning of 1935 caused the company to discard unprofitable business...

Author: /time Magazine | Title: Business & Finance: Profitable Prosperity | 4/6/1936 | See Source »

...when the Rickett concession suddenly flared in the U. S. headlines, oilmen of the firms that make the name of Rockefeller great had promptly said that of course they hired a British promoter to get oil rights from Ethiopia, that of course they set up a Delaware corporation to handle the details, and that of course they would do whatever President Roosevelt liked, things would have been much easier for them last week...

Author: /time Magazine | Title: INTERNATIONAL: Odor of Oil (Cond'd) | 9/16/1935 | See Source »

Poker-faced, Diplomat Murray heard the unhappy oilmen out. After they left he dashed to Secretary Hull, who suggested that Standard Oil return at 3 p. m. Sharp at 3, the oilmen and Diplomat Murray were closeted with stiff, didactic Dr. Stanley Hornbeck, Chief of the Division of Far Eastern Affairs. Dr. Hornbeck soon went downstairs to tell Secretary Hull that Standard Oil had arrived, the actual introduction of Messrs. Walden & Dundas being made by Near East Chief Murray...

Author: /time Magazine | Title: INTERNATIONAL: Odor of Oil (Cond'd) | 9/16/1935 | See Source »

...Roberts' had the endorsement of the Oklahoma Military Academy and they were as great sticklers for strict ballroom decorum as "Madame" Vizay. George Roberts, at 19 in Okmulgee, Okla., learned to dance by attending the class which smart Esther Taubee ran for Okmulgee's newly rich oilmen. Soon George Roberts married his teacher, who was about his own age. After the War they opened a school in Okmulgee, a bigger one in Tulsa...

Author: /time Magazine | Title: Education: After Madame | 7/22/1935 | See Source »

...course of his attack on the Constitutionality of the Recovery Act, an attorney for two Texas oil companies had mentioned to the Supreme Court the case of four oilmen jailed for violating a supposed provision of the Petroleum Code. A trial court ruled the provision unconstitutional. The Department of Justice prepared to appeal the decision only to discover that the provision was no part of the land's law. By some oversight it had been left out of the revised copy signed by President Roosevelt though included in printed copies circulated by the Petroleum Administration (TIME...

Author: /time Magazine | Title: JUDICIARY: Hip Pocket Law | 12/24/1934 | See Source »

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