Standard Oil expands capital, authorizes refinery buys
Citations (1)
- Titan: The Life of John D. Rockefeller, Sr. whole source · open book
of stealth that shadowed Rockefeller’s career: Renamed J. A. Bostwick and Company, the newly acquired firm brazenly feigned independence of Standard Oil while acting as its cat’s-paw. On January 1, 1872, the Standard Oil executive committee, bracing for the tumultuous events ahead, boosted the firm’s capital from $1 million to $2.5 million and then to $3.5 million the next day.16 Among the new share
chapter: CHAPTER 8 - Conspirators