Show PROXY WAR ON IN STANDARD Oil NEW YORK Jan 18 P Another Standard Oil proxy war loomed to to- to day A stockholders stockholders' committee composed corn com posed of Lionel T. T Barneson Cyrus Bell and C. C B. B has written writ writ- ten en a letter to share owners of the Standard Oil company of Kansas soliciting so- so proxies for the annual meeting meet meet- ing ng which takes place the second Wednesday in March Since the withdrawal of the Rockefeller Rocke- Rocke feller interests many years ago the theetter letter etter states the management of the company has been handed down from year to year to a group holding a relatively rela- rela Ively negligible amount of the corn com company's pany's pony's stock Under this management in spite of obvious advantages enjoyed by reason rca rea son of its name and the former position ion tion in the field little or no progress has las been made by the company as compared with newcomers in the field which have enjoyed efficient and aggressive management The management has been content to let matters drift and is not taking steps necessary to maintain the relative rela rela- tive position of the company in the face of the increasing ever tion or to develop the great of its exceptionally advantageous geographical situation The last big proxy battle was waged in Standard Oil of Indiana in 1929 between John D. D D Rockefeller Jr and Robert W. W Stewart chairman of the board The Rockefeller interests emerged victorious and Stewart quit as chairman and director |