Acme Oil Company formed to absorb Oil Creek refineries
Citations (1)
- Titan: The Life of John D. Rockefeller, Sr. whole source · open book
tual confidence of neighbors and friends.”23 Archbold was the smiling face who mollified enemies and restored peace, and with his advent Rockefeller no longer needed to go to Oil Creek. In September 1875, Standard Oil formed the Acme Oil Company, a front organization to take over local refiners under Archbold’s guidance. Within months, he had bought or leased twenty-seven refineries, moving at such a
chapter: CHAPTER 9 - The New Monarch