National Refining Time Line
General offices, Peoples Gas Building, Chicago,
Ads in 1949 still depicted the Boy and Slate, although
they were much smaller ads.
But the heirs of the founders, represented through estates and banks as trustees, could not run the company. While they were disagreeing and dying a couple of smart promoters stepped in, bought the company with its own money and sold off most of its main assets piece by piece. They made a killing but left only a fraction of the company for operation today. That company made such a great contribution to the cause of the Independents and skilled salesmanship that the entire industry might erect a monument to its memory
National Refining was one of the principal competitors of the Standard Oil monopoly.