Standard's Old Policy

One leading reason for the growth of the original Standard Oil Co. was that it always had ready cash in depressions and could buy up hard-up but potentially valuable independent concerns at attractively low prices. This policy has recently been exhibited again in the acquisition of the Producers & Refiners Co. by the Prairie Oil & Gas Co.—a Standard Oil unit which dominates the mid-continent petroleum industry.

The Producers & Refiners Co. has an oil and gas acreage of 265,000 acres under lease in Wyoming, Montana, Colorado, New...

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