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Standard Oil

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Standard Oil

US company founded 1870 by John D Rockefeller; it was divided 1911 under anti-monopoly laws into 34 independent companies, of which 14 remained in 1990 and three retain the Standard Oil name: the Standard Oil Company of California (Socal), Standard Oil Company (Indiana), and Standard Oil Company (Ohio). The former Standard Oil Company (New Jersey) became the Exxon Corporation 1972.


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In those days the Standard Oil Company did not deliver oil to the consumer in big wagons and motor trucks as it does now, but delivered instead to retail grocers, hardware stores, and the like.
There was such a kindly humanness about the man, such a genial democraticness, that Daylight found it hard to realize that this was THE John Dowsett, president of a string of banks, insurance manipulator, reputed ally of the lieutenants of Standard Oil, and known ally of the Guggenhammers.
Financed by surplus capital from Standard Oil,* Ernest said.
 
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