Business & Finance: Two after Richfield

''I am in California," said Harry Ford Sinclair rather sharply, "and I am in California to stay." Everybody at the dinner remembered the statement, especially Kenneth Raleigh Kingsbury. For Mr. Kingsbury is president of potent Standard Oil Co. of California and much as he and Mr. Sinclair admire each other's ability, he does not relish new invasions of his rich territory.

Before Mr. Sinclair's Consolidated Oil Corp. (the telephone girls still chirp: "Sinclair") is really "in California" it must have a wide California distribution system. For that reason Consolidated has been bidding, up...

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

Learn more about the benefits of being a TIME subscriber

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