Word: petroleum
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Dates: during 1930-1939
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...Technical name for the condensed oil is "hydro-carbonated vapors." Therefore Inventor Dubbs had named one of his sons "Carbon." When Son C. A. and Son Carbon worked together in Universal Oil Products, fellow-workers were confused, so Son Carbon took a middle initial, "P." They expanded it to "Petroleum." After his father's death, Carbon Petroleum Dubbs worked hard to perfect the invention. He increased the company's patent holdings to more than 1,000, issued and pending. Last week he, 49, once poor, grey now and serious-eyed, received $3,582,045 for his share...
...grey-wigged, hooknosed, bespectacled little Promoter Halle, now 62, even Ogden Armour's daring would not have borne fruit. Promoter Halle rushed back & forth between his Chicago and Manhattan apartments and his farmhouse in Westchester County (all full of expensive antiques, which he collects passionately) to promote Carbon Petroleum Dubbs's inventions and to direct patent suits such as the one against Standard of Indiana, which already has cost $1,800,000, is still to come to trial. Previously he had helped Armour retrieve a failing investment, Standard Asphalt & Rubber Co., and sell it to Oilman Henry Latham...
...Carbon Petroleum Dubbs...
...Petroleum. In 1924 President Coolidge appointed an oil conservation board, saying: "The supremacy of nations may be determined by the possession of available petroleum and its products. . . . Over- production in itself encourages cheapness, which in turn leads to wastefulness and disregard of essential values." Fear of anti-trust prosecution has retarded oil curtailment in the U. S. In certain states there seems no legal way to coerce small producers. The Federal Oil Conservation Board has suggested a six-day refinery week; the American Petroleum Institute since its organization in 1920 has championed curtailment; California's law prohibiting the waste...
...past three years Treasury Department chemists-whose duty it was to denature tax-free industrial alcohol long before Prohibition-have been busy seeking a substitute for wood alcohol. Alco-tate, discovered by no one man, is a by-product of cracked California petroleum. Its formula is a Treasury secret. But Director Doran is confident that it can not be precipitated from or distilled out of grain alcohol. About Jan. 1 it will go into...