Word: standardization
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Dates: during 1920-1929
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...Swiss holding company that controls 54 distributing agencies throughout Europe. Fifty one percent of the stock of the new company is held by Bush Terminal. Inc. For the smaller exporter Bush Service Corp. will do, roughly, what is done for companies like International Harvester, General Motors, and Standard Oil of New Jersey by their own overseas selling and distributing organizations. Bush Service will assume full responsibility for shipments from the point of origin to the point of distribution, handling all repacking, marking, routing, and import requirements that arise en route. It will "provide adequate and reliable information regarding foreign markets...
...When railroads use freight cars belonging to other lines, they pay $1 per day. Last week the Boston & Maine purchased 2,000 new box cars, costing $5,000,000, from the Mellons' Standard Steel Car Co. Unique in the deal was the fact that the B. & M. will pay in daily installments of $1 on each car plus 5% on the unpaid balance...
...Henri Deterding is, as everyone knows, head of the Royal Dutch-Shell petroleum interests, largest crude oil producing company in the world. Old in the oil business, veteran of many oil wars, Sir Henri at one time battled, not unsuccessfully, with Standard of New Jersey in its pre-dissolution period. In more recent years he has (despite his non-compromise statement) preferred peace to war, as witness his agreement (in March) with U. S. oil interests concerning the marketing of Russian oil. In April he sat in on an American Petroleum Institute oil restriction program, gave tacit approval...
...Jersey's Teagle. Huge is the Standard of New Jersey organization, but not too huge for the personal domination of Walter Clark Teagle. Mr. Teagle is 6 feet, 2 inches tall and weighs 230 pounds. When he opens the door of the company's offices, his presence is instantly felt throughout the premises. He seldom leaves the office without a briefcase; usually works at home from dinner time to bed time; goes to sleep as soon as his head hits the pillow. His only outside interest is hunting and fishing. He is an active member of a Canadian fishing camp...
...Teagle's maternal grandfather, Morris Clark, was first partner of John Davison Rockefeller, in the days before Mr. Rockefeller began the formation of Standard Oil. His father, John Teagle, was an early oilman. It was to drive a tank car in his father's firm (Scofield, Schurmer & Teagle) that young Walter Teagle in 1900 refused an instructorship at Cornell University, from which he had just been graduated. Then the Republic Oil Company absorbed Scofield, Schurmer & Teagle and Walter Teagle, at 23, became Republic's vice president. In 1903 he went to Standard of New Jersey, as member of its export...