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...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!