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Sunday, March 05, 2006

 

Carbon Petroleum Dubbs


Gets $3,582,045.00 for his oil shares. Mr Carbon Petroleum Dubbs, with his wife and daughter, Betty, after he received $3,582,045.00 for his shares of stock in the Universal Oil Products Company. Mr Dubbs perfected his fathers petroleum cracking process which was backed by J. Ogden Armour. The latter owned four hundred shares of stock which, on his death, became the property of Mrs Armour. She realized $8,000,000 for her shares, when all the shares were bought by the Standard Oil Co. of California and the Shell Union Oil Company.

01/8/1931
Chicago, Illinois, USA

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