Word: richfield
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Dates: during 1930-1939
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Contract. Between 75 and 90 of the gasoline requirements of Richfield Oil Corp. of New York (solvent) will be filled by Arkansas Natural Gas Corp., Cities Service unit, according to a contract signed last week. Cities Service was expected to absorb Richfield Oil Co. of California after it went into receivership (TIME, Feb. 9), is still thought to hold much Richfield stock...
...California's outstanding citizens," was what San Francisco's Mayor James Rolph Jr. called James A. Talbot of Richfield Oil Co. in 1928. An outstanding act of Outstander Talbot had just been the offering of his private tri-motor airplane to Mayor Rolph and his visiting friend, Mayor James John Walker...
...left floundering in Depression's flood. But the next day California Corporation Commissioner Raymond Le Roy Haight made charges which, if true, will strip the last vestige of decency from the friend of Mayors. Also involved in the hideous charges last week was Clarence M. Fuller, onetime Richfield president, still solvent but jobless...
Early this year Richfield Oil Co. of California, whose $85,181,551 assets contained only $921,691 in cash against $24, 745,564 current liabilities, went into receivership (TIME, Jan. 26). It was soon rumored that Cities Service was in control of the company, would absorb it. But Cities Service, it developed, awaited definite figures on Richfield. Last week Commissioner Haight, after an eight-month investigation, revealed that Richfield has a $54,000,000 deficit. More sensational was his statement that there are "strong indications" that the records had been falsified. And even more sensational was his assertion that Outstander...
...Steel Co., later was its president. He made smart deals, such as securing an option on Japanese steel under embargo during the War, selling to the Government when steel became scarce and the embargo was lifted. His drive and Mr. Fuller's flashy marketing and advertising ideas kept Richfield running its rapid expansion course. He was quiet in business, rewarded justly and reprimanded mercilessly. He was an air enthusiast, held much stock in Fokker Aircraft Corp. before General Motors took control, also helped found Western Air Express which has likewise been aided by General Motors (TIME, March...