It has not hesitated to sacrifice old machinery and old plants for new and better ones.

It has placed its manufactories at the points where they could supply markets at the least expense.

It has not only sought markets for its principal products, but for all possible by-products, sparing no expense in introducing them to the public in every nook and corner of the world.

It has not hesitated to invest millions of dollars in methods for cheapening the gathering and distribution of oils by pipe-lines, special cars, tank-steamers, and tank-wagons.

It has erected tank-stations at railroad centres in every part of the country to cheapen the storage and delivery of oil.