Organization

Standard Oil Company (New Jersey)

The New Jersey company that led the old Standard Oil trust and was the lead defendant in the 1911 break-up case; renamed Exxon in 1972.

11 links, 9 backed by primary records

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Also known as
Standard Oil of New Jersey
Standard Oil Company (New Jersey) holds

Its 1929 agreements with I. G. Farben were examined by the Senate in 1942 in the Truman Committee hearings on rubber, 1942.

Connections 11

founded

people who worked here

charged by

  • U.S. Department of Justice 25 Mar 1942 criminal information under the Sherman Act, the antitrust law, filed in the U.S. District Court for New Jersey Primary record 2

settled with

  • U.S. Department of Justice 25 Mar 1942 $50,000, consent decree; the company, six subsidiaries and three officers, W. S. Farish among them, pleaded nolo contendere to a charge it disagreed with; fines of $5,000 each Primary record 2

    Ten defendants at $5,000 each made $50,000 in all. The company said its war work was more important than court vindication.

owns a stake in

  • Ethyl Corporation 50%, as of 1940 Primary record 1

    As the Supreme Court recorded in 1940: one-half of the capital stock.

involved in

became

  • ExxonMobil 1972 renamed Exxon Corporation Scholarship & press 6

    Exxon merged with Mobil in 1999.

part of

  • Standard Oil Primary record 7

    The lead defendant in the 1911 case that broke up the trust.

Timeline 5 dates
  1. 1924 Standard Oil Company (New Jersey) founded Ethyl Corporation
  2. 1925 Frank A. Howard worked at Standard Oil Company (New Jersey)
  3. 25 Mar 1942 Standard Oil Company (New Jersey) charged by U.S. Department of Justice
  4. 25 Mar 1942 Standard Oil Company (New Jersey) settled with U.S. Department of Justice
  5. 1972 Standard Oil Company (New Jersey) became ExxonMobil
Proof 7 sources
  1. Ethyl Gasoline Corporation v. United States, 309 U.S. 436 (1940), Supreme Court of the United States (text via Cornell LII), 25 Mar 1940. Primary record
    Among these is the Standard Oil Company of New Jersey which owns one-half of the capital stock of the appellant.
  2. Investigation of the National Defense Program: Hearings before a Special Committee Investigating the National Defense Program, United States Senate, Part 11 (Rubber), March-April 1942, U.S. Senate (scan on the Internet Archive), 1942. Primary record
    Criminal information filed against Standard Oil Co. (New Jersey) by the U. S. Department of Justice, in the District Court of the United States for the District of New Jersey on March 25, 1942
    tended to restrain trade in violation of the Sherman Act. The company disagrees with this contention.
    Consent decree, dated March 25, 1942, entered into by Standard Oil Co. (New Jersey) with the U. S. Department of Justice
    The company pleaded nolo contendere and paid fines of $50,000.
    Walter C. Teagle, chairman of the board of Standard Oil Co. of New Jersey; W. S. Farish, president of the company: and Frank A. Howard, vice president of one of the subsidiaries; on the top company, and on six subsidiaries.
    Its war work is more important than court vindication.
    any charges that the Standard Oil Co. or any of its officers has been in the slightest respect disloyal to the United States is unwarranted and untrue.
    planned in 1938 or 1939 to erect at Hamburg a plant for producing aviation gasoline. This is true and as a German corporation, operating in Germany — with which country we were not then at war — it could not have done otherwise.
    it is impossible to doubt that The Hague Memorandum is anything but a device for the continuation of the conspiracy, at least through the war between Germany and Great Britain.
    It was both reasonable and expedient, and in the interests of the United States.
    That Standard made shipments to Italian and German air lines in Brazil, contrary to the wishes of the State Department. This is also unfounded.
    dated November 9, 1929, between I. G. Farben, S. I. G. Co., Standard Oil Co. (New Jersey)
  3. The Secret History of Lead (Jamie Lincoln Kitman, The Nation, March 2000), The Nation, 20 Mar 2000. Scholarship & press
    the oil company (one of twenty-seven companies formed by the 1911 breakup of Rockefeller’s Standard Oil Trust) and the automobile company formed a joint venture, which they called the Ethyl Gasoline Corporation.
    On October 26, 1924, the first of five workers who would die in quick succession at Standard Oil’s Bayway TEL works perished
  4. Proceedings of a Conference to Determine Whether or Not There Is a Public Health Question in the Manufacture, Distribution, or Use of Tetraethyl Lead Gasoline (Public Health Bulletin No. 158), U.S. Public Health Service, Treasury Department, 1925. Primary record
    which includes the General Motors Corporation and the Standard Oil Co. (N. J.)
    the handling of this material by the Standard Oil Co. of New Jersey
  5. Statement to the Committee of Enquiry on Lead Ethyl Petrol, by Graham Edgar, Director of Research, Ethyl Gasoline Corporation (addendum of March 1928), Ethyl Gasoline Corporation (copy via ToxicDocs), 1928. Self-published
    a number of cases of poisoning and five fatalities
  6. Standard Oil, Encyclopaedia Britannica (Internet Archive copy; britannica.com refused curl with 403). Scholarship & press
    Standard Oil Company (New Jersey) changed its name to Exxon Corporation in 1972.
  7. Standard Oil Co. of New Jersey v. United States, 221 U.S. 1 (opinion of the Court and Harlan, J., concurring in part and dissenting in part), Supreme Court of the United States (text via Cornell LII), 1911. Primary record
    The Standard Oil Company of New Jersey and thirty-three other corporations, John D. Rockefeller, William Rockefeller, and five other individual defendants, prosecute this appeal
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