Business: Gargoyle

If the oil industry has not yet turned that corner 'round which prophets have been trying to squint for several months, nevertheless 9,300 Vacuum oil stockholders were reassured last week that their great lubricating oil company was in a better state of financial health than the ailing gasoline companies. The morning's mail brought announcement of a 100% stock dividend, worth $367,328,304 at the market price of the stock.

Vacuum has always been generous to stockholders out of veneration for its creator, late Hiram B. Everest,* Rochester, N. Y. farmer, himself a poor man,...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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