Oil Lawyers Felix T. Smith and Renato Capocelli, and W. F. 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...
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