The Archive · 1928

New Rival for the Oil Companies

Merger Schemed to Enter Far Seven Killed, Eleven Wounded in Collision Gorakhpur, Jan, 23.

Seven persons were killed and eleven seriously injured, in accident te a mixed goods and passenger train of the Bengal and North-Western Railway, between Haiyaghat and Kishenpur last hight. The train broke in two and the leading goods-truck was derailed and crashed into a coach, a part of which was wrecked Route East Trade New York, Jan 20.

Possibly a dangerous rival in the Far East for both the. Standard Oil and Royal Dutsh-Shell interests is indicated in the announcement of plans for the menzel of two of the largest oil companies in the United States—the Texas Corporation and the Californin Petroleum Company—with a combined capital of $375,- 000,000.

The merger depends upon the participation of at least 51 per cent. of the shareholders of the California Petroleum Company—Reuter.

Cutcaco, Jan, 24:—The Federal Reserve Bank has raised its rediscount rate from 8} per cent. to 4 per eent.—Reuter.

New York, Jan, 23: Florence Knapp, the only ever elected to a State office in New York, is charged with forgery, grand larceny and other criminal offences, in a reports on her administration as secretary of the 1925 State Census. The report was prepared by a special investigator appointed by the Governor of New York, Mr. Alfred E. ("AI") Smith—Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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