Word: petroleum
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Dates: during 1920-1929
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...Committee. Election of R. C. Holmes, President of Texas Corp., to head a committee of 80 oil-executives was last week announced by the American Petroleum Institute. The Holmes committee is charged with the difficult and vital function of determining some method of restricting oil production. The main committee is divided into four regional committees...
...Petroleum Corp. Outstanding among recent Investment Trusts is Petroleum Corp. of America, the long-rumored oil securities company last week formally announced by Blair & Co. Petroleum Corp. offered 3,250,000 shares at $34, a total capitalization of $110,500,000. Prominent among its executives are Director Arthur W. Cutten and Board Chairman Elisha Walker, first partner of Blair & Co. (TIME, Dec. 10). Other famed directors are Halstead G. Freeman, president of Chase Securities, Charles Hayden, of Hayden, Stone & Co., E. F. Hutton, chairman of Postum Co., Inc. President is John H. Markham, Jr., head of the Exchange Bank...
Motor Trust. With the Cutten-Blair & Co. Petroleum trust definitely established, rumors last week centered about the formation of an automotive trust in which the names of Mr. Cutten and a "progressive Wall St. banking house" were freely coupled. Two other great names were added?Fred J. Fisher, Vice-President of General Motors and Walter P. Chrysler, head of Chrysler Motors. This quartet was credited with the planning of an Investment Trust with a capital of from $500,000,000 to $700,000,000, formed to operate exclusively in automobile securities. Upon this automotive rumor was built an even grander...
...turgid oratory and their violent editorials is aware that hatred of the South was the chief political asset of most successful candidates. The ferocious denunciation of every Democrat as a friend of rebels, the continued waving of the bloody shirt, the cartoons of Thomas H. Nast, the editorials of Petroleum V. Nasby all indicate as clearly as anything could that the reconstruction policy was actuated more by a desire to punish the South than by a desire to benefit the negro. Very naturally such hatred could not last. To the credit of the North everybody has been thoroughly ashamed...
Odds. At the end of the week, the odds shifted to even money. The New York Herald Tribune went so far as to say in a new story: "John D. Rockefeller Jr. has won the fight . . . according to one of New York's outstanding petroleum authorities who is close to the affairs of the industry." And Col. Stewart's manner and statements remained confident...