Word: texaco
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Dates: during 1930-1939
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...Seaboard by Standard of New York and Standard of New Jersey. Each agreed to keep out of the other's backyard. The backyards became less clearly defined when huge, puissant Standard Oil of New Jersey chafed under restrictions limiting its domestic retail market while non-Rockefeller competitors like Texaco and British-controlled Shell could rove the whole union. In 1929 President Walter C. Teagle stepped out of bounds to acquire a company (Beacon Oil) with retail outlets in New England, province of Standard of New York (now Socony-Vacuum). Last month he put a subsidiary, Esso...
...full-sized plane from take-off to landing she climbed 8,000 ft., glided 10 mi. in descending circles after her fuel gave out, made a neat three-point landing in a cow-pasture. Built by Maxwell Bassett, 19, of Philadelphia, winner of the Admiral Moffett and Texaco Trophies for gasoline-powered model planes, Miss Philadelphia IV will have her record certified by the National Aeronautic Association which observed her flight...
Sharp, frequent and dramatic have been the family fights within Texas Corp., biggest independent oil company in the U. S. But nothing ever emerged for public inspection from Texaco's battle-torn board room until last autumn when Ralph Clinton Holmes, ousted as the company's chairman, gave Texaco's stockholders a flashback of internal tussles (TIME, Oct. 2). Mr. Holmes's heaviest fire was directed at John H. ("Jack") Lapham, chairman of the executive committee and one of three representatives of the Lapham family, whose meddling, said Mr. Holmes, always brought on unhappy boardroom scenes...
...strike was short-lived. Bus drivers, taximen, public service workers, presumably inspired by their employers, had scarcely got it into momentum before Acting Governor Horton stepped in with a proclamation. The price of gasoline was 25?; he reduced it to 20? ordered the leading companies-Shell, Texaco, West India (Standard of New Jersey subsidiary), Pyramid-to keep it at that price until gasoline costs could be investigated. The Commissioner of Labor, a Puerto Rican, magnanimously suggested that if the companies starved on a 20? price, the Legislature should reimburse them for their loss...
...post. Announced reason: the discovery that he was a showman, not a businessman. Ota Gygi (Hun garian-born, onetime court violinist to Alfonso XIII) and Henry Goldman, businessman, who ran the company all summer while Mr. Wynn was in Hollywood, remain in charge. Ed Wynn became once more Texaco's broadcasting Fire Chief...