Business & Finance: Grand Hotel

When the National Petroleum Association* convened in Atlantic City last week one of the principal speakers was sharp-bearded Henry Latham Doherty, generalissimo of Cities Service Co. He scolded the oil industry for having branched into unrelated lines, said proper planning would have carried petroleum companies through the Depression. Some of his listeners marveled to hear such talk from Tycoon Doherty for if ever a company had diversified interests it is Cities Service Co. Besides being a complete oil organization, from gusher to fuel tank, it also controls natural and manufactured gas companies, power...

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