OIL: Organized Production

One of the best liked and most politic men of Oklahoma, Oilman Ray H. Collins, hastened from Manhattan to Tulsa last week to persuade all Oklahoma oil operators to restrict their daily production and so help stabilize their industry. A committee of operators, conferring in Manhattan under the guidance of President Walter C. Teagle of Standard Oil Co. of New Jersey, and President W. S. Parish of Humble Oil & Refining Co., had asked him to go on the difficult mission. They represented ownership of...

Want the full story?

Subscribe Now


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!