Jasper County Democrat, Volume 13, Number 20, Rensselaer, Jasper County, 15 June 1910 — BIG OIL PLANT TO CLOSE [ARTICLE]

BIG OIL PLANT TO CLOSE

Standard Company Purchases Texas Concern But Cannot Lawfully Operate in the State. f *5 Galveston, Tex., June 13. —The Standard Oil company having acquired control of the Texas City Refinery company, the big plant completed a year ago at a cost of nearly $2,000.Q00, will be closed down. It was built as an independent refinery by Texas and Oklahoma capital and has a capacity of 3,000 barrels of oil per day. It was in direct competition with the Standard, exporting much of its product. The Texas laws will not permit the Standard to operate in this state. It purchased individual stock at fabuloiis prices until it acquired a majority of the stock.