Word: petroleum
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Dates: during 1930-1939
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...oilmen who attended the 17th annual meeting of the American Petroleum Institute in Chicago last week there appeared a notable paradox. For while speakers lambasted Oil's perennial incubus of Taxation with might & main, many an oilman was ready to concede that in one instance, at least, Taxation had done the oil business good. The wonder worker was a particularly painful chain store tax which went into effect in Iowa in June 1935. Upon oil companies owning retail outlets it piled a new levy graduated steeply upward both on gross receipts and number of outlets. By last week...
...chain legislation was in force or in prospect, the Iowa Plan became a national transformation. Beginning last January, great Standard Oil of New Jersey leased or sold 2,000 of its 2,500 company-owned Esso stations. Continental Oil disposed of every one of its 1,276 stations. Phillips Petroleum retained only six stations as training schools...
...Institute meeting last week came tall, bespectacled Wilmer R. Schuh, 34, of Milwaukee, with a white carnation in his lapel and blunt words about the response of filling station men to the Iowa plan. Mr. Schuh is president of the National Association of Petroleum Retailers, which was formed under NRA, includes more than 50,000 of the 170,000 filling station owners in the U. S. Mr. Schuh's principal job since the Iowa Plan was adopted has been to quell price wars among the new independents. Said...
...Arch bishop. Last week's promotion signalized the phenomenal increase of Catholic population in the Los Angeles area since Churchman Cantwell was installed as Bishop in 1917. It also rewarded him for distinguished moral service to his Church. Having his diocesan offices in Los Angeles' busy Petroleum Securities Building where he rubbed elbows with bankers, brokers and cinemagnates, Archbishop Cantwell used to try to persuade the latter to keep salaciousness out of their films, finally decided that the only way to move them was "to hit them in the pocketbook. Talking morality to them does no good...
...with a discussion of rivers, plains, mountain ranges, rainfall, Stuart Chase proceeds to long, eloquent, angry lament on the squandering of native riches. Like the Whitman of a bankrupt country, he composes a great catalog of lost national wealth, including the buffalo, the passenger pigeon, eastern salmon, Pacific halibut, petroleum, timber, coal, the great auk, the Carolina parakeet, the drought-impoverished Dust Bowl. It is a disturbing account, calculated to make any responsible citizen treasure every green tree and each clear brook of his native land. The oyster catch declined from 25 million bushels in 1901 to 16 million...