Word: coasted
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...amazed to note that TIME had devoted two columns of the Feb. 1 issue (p. 19) to the "organization"of some sort of anti-evolution society in this town. The man, Edward Young Clarke, who has been found only after a search from "coast to coast and from north to south,"is leading this pack of "Christians," and I am under the impression that this Edward Young Clarke is the same E. Y. C. who was formerly with the K. K. K., later convicted of violating the Mann Act in Texas, he ran off with the sister of some other...
...entirely in cash, will fall only a million short of the record-setting Dodge buy by Dillon, Read & Co. They took over a block of nearly 300,000 shares (55%) of the Associated Oil Co., second in rank only to the Standard Oil Co. of California on the Pacific coast. The price agreed on was $59 cash, or $145,000,000 if all stockholders demanded cash instead of exchange securities, about $165,000,000 if exchange alone was made. Associated Oil, owned by Pacific Oil until the latter's merger with Standard Oil of California, had been an object...
...Standard Oil Co. of California is a complete cycle in the oil industry. It is the largest individual producer of crude oil in the U. S. and dominates the marketing of petroleum products along the west coast of both Americas. It is carrying on oil exploration work in Alaska, Venezuela, Mexico, Colombia, Ecuador and Argentina. It was originally incorporated in 1879 under the name of the Pacific Coast Oil Co.; changed its name to that of the Standard Oil Co. in 1906. All its stock the Standard Oil Co. of New Jersey owned until 1911, when the Government forced...
What was foreseen was the merging of the Ward Bakery Corporation, the General Bakery Corporation and the Continental Bakery Corporation, concerns owning 157 plants from coast to coast and producing 500 million loaves a year. In Washington, where the Federal Trade Commission has been eyeing the bread industry in response to congressional outcries, inquiry was reported "in abeyance," which meant that nothing damaging had been discovered to show a "bread trust." This combine's half billion loaves would constitute only some 10% of U. S. bread consumption, and no monopoly...
...Hillman, last week traveled from San Francisco to Delaware, laid down $75,100 as an incorporation tax, and came away with a new billion-and-a-half charter for the Standard Oil Co. of California. This re-formation of the California company is considered only the prelude to enormous Coast oil activities. On Feb. 26 the stockholders of the Pacific Oil Co. will meet to consider proposals on reducing that concern's capital stock of $92,000,000 to $1,750,000. The directors will also suggest a merger with the Standard Oil Co. of California into...