Show Ban Bankrupt rupt Oil Firm Gets Insurance e Money Major Oil Company Company organized to develop develop de Utah tar far sands dept deposits deposits and and now in bankruptcy bankrupt y has received a total of as a death benefit on a life liCe insurance In Insurance In in- policy IN ANNOUNCING the payment John JohnB B B. B Fairbanks Jr president of the oil firm said the funds will be used to clear approximately 50 per cent of the company's obligations He lie noted that the payment from Crom Equitable Equitable Equit Equit- able Life LiCe Assurance Society Includes in interest interest interest in- in terest accrued while the matter of oC the payment was in litigation The insurance policy covered the late Ray Hay S. S Brimhall Inventor of oC an oil extraction process and anda a principal in the company |