While the Federal Trade Commission was serving up the facts on big business (see above), a Cleveland businessman last week provided a pamphlet case history on why his Allied Oil Co. was swallowed up by a bigger company.
Wellesley Wellington Vandeveer, onetime member of the Petroleum Administration for War and present delegate to the U.N.'s Economic and Social Council, was a cofounder of Allied Oil Co. 24 years ago. He and Partner Floyd Roy Newman started with $30,000 capital, most of which was borrowed. They fought off slashing competition, plowed back their profits and finally built the company into a $50...
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