Word: oils
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Dates: during 1940-1949
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...Russians, the U.S. State Department explained, "are seeking to reserve to themselves war booty which they had previously agreed to relinquish, as well as the greater share of Austria's oil-refining capacity and oil-exploration areas, of which they were to have received only some 60% under the treaty document." So far, Russia's only "concession" has been to drop its support of claims to Carinthia made by Tito's rebellious Yugoslavia...
...Albania and Bulgaria to join in carving up their larger neighbor with Russian help. Three recent train wrecks in Yugoslavia prompted Railways Minister Todor Vujacinovic last week to warn against impending Cominform sabotage. Two days later, fires broke out simultaneously in four parts of Yugoslavia's huge Romsa oil refinery in Fiume. A Russian warship, covered by Soviet planes, steamed up & down the Danube in Yugoslav waters, defying orders to halt, and acting, said Belgrade, in a "deliberately provocative manner...
While the Federal Trade Commission was serving up the facts on big business (see above), a Cleveland businessman last week provided a pamphlet case history on why his Allied Oil Co. was swallowed up by a bigger company...
Wellesley Wellington Vandeveer, onetime member of the Petroleum Administration for War and present delegate to the U.N.'s Economic and Social Council, was a cofounder of Allied Oil Co. 24 years ago. He and Partner Floyd Roy Newman started with $30,000 capital, most of which was borrowed. They fought off slashing competition, plowed back their profits and finally built the company into a $50 million-a-year business. Last year they sold out to Ashland Oil & Refining Co. for $12 million worth of the larger company's stock...
...inquiring eye on itself -and determine how the government's . . . bodies contribute to the delinquency of small business." But reforms, if any, will not do him any good, he says; "neither . . . investigations, decrees nor edicts . . . can bring me back to life as a competitive factor in the oil marketing business...