anaheim-gazette 1927-04-07

Richfield Company's Rapid Progress Two of the Graphic Charts Reproduced From Richfield's Annual Report for 1926, Indicating the Tremendous and Unprecedented Growth of This Company During the Past Four Years. Young but lusty and husky and still a-growin'! That's the story told in the annual report of Richfield Oil Company of California which was issued at the company's general offices in Los Angeles last week. Graphs, maps, photographs and text are combined to describe how Richfield since 1915 grew from a little Los Angeles concern distributing gasoline with one horse-drawn tank wagon to its present place as third largest marketer as shown by figures and illustrations—became a series of leaps. In the short four-year period modern refining facilities, marine terminals, oil tankers, a complete pipeline system and state-wide distribution facilities were acquired. Figures state the expansion concretely. Total annual sales of all products, for instance, realized $5,427,000 in 1923 and rose to $32,071,000 in 1926. Physical assets climbed from Two of the Graphic Charts Reproduced From Richfield's Annual Report for 1926, Indicating the Tremendous and Unprecedented Growth of This Company During the Past Four Years. Young but lusty and husky and still a-growin'! That's the story told in the annual report of Richfield Oil Company of California which was issued at the company's general offices in Los Angeles last week. Graphs, maps, photographs and text are combined to describe how Richfield since 1915 grew from a little Los Angeles concern distributing gasoline with one horse-drawn tank wagon to its present place as third largest marketer of gasoline in California. It is shown, too, that the major growth occurred in the four years since 1923. President J. A. Talbot's financial report gave net profits for 1926 as $2,644,000. This was an earning of $8,75 per share on the shares outstanding in 1926 and a big increase over former years. The official financial statement, the illustrations and a brief history of the company give the full picture. Richfield was built by an interesting process of plecing together of properties that needed one another. The largest consolidation occurred in 1923, when the union of Richfield, then wholly a marketing company, with the United Oil Company, then wholly a crude oil producing company, took place. After that the growth each year—as shown by figures and illustrations—became a series of leaps. In the short four-year period modern refining facilities, marine terminals, oil tankers, a complete pipeline system and state-wide distribution facilities were acquired. Figures state the expansion concretely. Total annual sales of all products, for instance, realized $5,427,000 in 1923 and rose to $32,071,000 in 1926. Physical assets climbed from $9,759,985 in 1923 to $43,315,446 in 1926. Gasoline sales in 1923 were 31,926,652 gallons and in 1926 had become 128,451,542 gallons. Company-owned crude oil production advanced in the four years from 1,853,000 barrels from twenty wells to more than 4,000,000 barrels from 153 wells. The capacity of the Richfield refineries to handle crude oil grew from 12,500 barrels daily in 1923 to 45,000 barrels daily in 1926. "Big things are done quickly in this state," is said in the historic sketch accompanying the report. And Richfield is a company of Californians operating as yet almost exclusively in California. Reproductions of airplane photos visualize the company's oil wells, refineries, shipping and marine terminals. Motorists Warned To Guard Machine Stealing of Automobiles Is on Increase, It Is Reported Motorists of every section of the country had better think more of guarding their automobiles against theft; it is indicated in national theft figures recently reported. These show that automobile thefts generally are on the increase, although there was an appreciable improvement in the situation last year, in recoveries of stolen cars. The smallest percentage in the past decade of stolen cars not recovered was achieved during 1926, according to the national summary, which covered the experience of 28 index cities. Approximately 21 per cent of the cars stolen were not recovered in 1918, and this percentage increased year by year until it reached a peak in 1920 and 1921. Since then there has been constant improvement until the 1926 record shows only 11 per cent of the stolen cars not recovered. According to the report, there were 95,225 automobiles stolen in these cities last year, although but 27,445 were stolen in 1918. While the increase in automobiles is largely accountable for this trebling of thefts, recoveries have shown an even greater gain with a total of 85,114 returned to owners in 1926 as compared with 21,673 recovered in 1918. Southern California motorists should be more judicious in parking and locking their cars than their brothers in other places because a tremendous floating population makes it more difficult to recover machines stolen in this section. Los Angeles and adjacent cities also are subject to an unusually large annual invasion of automobile thieves, it is stated. It is assumed by authorities that the majority of unrecovered cars in this section were taken beyond the confines of the state and sold, and that only a small proportion of them will ever be returned to their rightful owners." NEW TELEPHONE BUILDING The construction of a new telephone central office building in Culver City is well under way and the $125,000 structure is to be completed within a few months, according to officials of the Southern California Telephone Company. The initial building will have two stories and a basement and will be framed so that more stories can be added. Since then there has been constant improvement until the 1926 record shows only 11 per cent of the stolen cars not recovered. According to the report, there were 25,225 automobiles stolen in these cities last year, although but 27,445 were $4.85 "STUTZ" OXFORDS For men that demand Quality, Comfort, Looks and Long Wear. Buy STUTZ SHOES. All sizes. Only— KAFATERIA SHOE STORE 109 West Center Street LEGION NOTES Approximately $600,000 worth of property has been purchased in various parts of the state for California war veterans, under the direction of the state veterans' welfare board, according to a report filed by Dr. John F. Slavich, state commander of the American Legion, by George M. Stout, secretary of the state board. The purchases include farms and homes which were bought with the funds derived from the sale of $2,500,000 of the Farm and Home Loan Act bonds a month ago. "Many of the veterans who took advantage of the Farm and Home Loan Act were firemen, postal workers, policemen and clerks," according to Secretary Stout. "I am convinced every day that California is accomplishing the greatest humanitarian work yet conceived by any state in its efforts to aid and assist its veterans, and all without saddling onto the taxpayers an additional tax burden." Stout writes Commander Slavich of the Legion. The present act which grants war veterans exemption from taxation on property of a value less than $5000 does not exclude a former soldier or his wife from making such claim where neither the veteran nor his wife own property, individually, up to the exemption limit, though both together do own in excess of that amount. Attorney-General Webb has ruled, according to word received by State Adjutant James K. Fisk of the American Legion. The opinion arose as a result of a query from Sonoma county, where a veteran and his wife both had separate property of $3000. The one hundred and fiftyeth anniversary of the birth of the American flag, which will occur on June 14 next, will be appropriately observed by the 300 posts of the American Legion in California. Plans for the celebration are being perfected by Eugene D. Bennett, assistant United States district attorney and state chairman of the Legion's Americanism commission. Mrs. Adalin Wright Macauley, national president of the American Legion Auxiliary, is to visit California on an inspection tour of her organization units during April. Mrs. Macauley succeeded Mrs. Elliza London Shepard of Glenn Ellen, Sonoma county, a sister of the late Jack London, as the head of the women's organization of the Legion. She will spend April 24 and 25 in Los Angeles, and will be in San Francisco on April 26 and 27. Entertainment will be arranged by the auxiliary posts of the Legion for the visiting president during her stay in California. The United States veterans' bureau is already making loans on adjusted service certificates held by veterans of the World War. These loans are being made through the regional offices of the veteran bureau and disburising agents at the United States veterans' bureau hospitals. The state officials of the American Legion have been requested by the government officials to co-operate in the handling of the loan question and official identification of the veteran applying for a loan is to be made wherever necessary by officers in the various Legion posts, State Adjutant James K. Fisk has notified the members of his organization. American Legion posts throughout California have been notified to be prepared for the observance of American Forest Week, April 24-30, by Charles G. Dunwoody, forestry expert and chairman of the Legion's state conservation committee. Governor C. C. Young heads the California committee in charge of the Forest Week plans. Organization of local committees to function with the governor's committee is being effected up and down the state. As pointed out by the governor, the purposes of this movement are directed toward educating the people to properly conserve our forest and watershed resources. TO INSTALL CABLE The Pacific Tenephone and Telegraph Company has completed plans for the installation of more than thirteen million feet of telephone wire in cable in the southeastern part of the Alhambra exchange. Work on the installation is to start during the summer months. Auction Sale NEXT SATURDAY AFTERNOON AND EVENING APRIL 9th OUR HOUSE IS FULL OF WONDERFUL BARGAINS WE HAVE THE FURNISHINGS OF THREE HOUSEHOLDS Auction Sale NEXT SATURDAY AFTERNOON AND EVENING APRIL 9th OUR HOUSE IS FULL OF WONDERFUL BARGAINS WE HAVE THE FURNISHINGS OF THREE HOUSEHOLDS Beds, Dressers, Rockers, Rugs, Mechanic’s Tools Tent and Camping Outfit (Just came in) COME TO THIS BARGAIN FEAST AND SAVE MONEY —The Bargain Spot of Orange County— AUCTION HOUSE 137 So. Lemon St., Anaheim Jack Martin, Irish Auctioneer BARGAINS IN REAL ESTATE. WE BUY AND SELL FURNITURE The S.Q.R. 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