The Government made a beau geste to business when it did not appeal the decision of the Circuit Court of Appeals in St. Louis permitting Standard Oil Co. of New York and Vacuum Oil Co. of New York to merge (TIME, June 15). Straightway every oil merger rumor of the last three years came to life. Last week a gusher of oil news spouted on the front page of every newspaper. Of greatest magnitude was the announcement that
Walter Clark Teagle, president of Standard Oil Co. of New Jersey, and Kenneth Raleigh Kingsbury, president...
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