| Notes |
The Quaker State Corporation was formed on July 1, 1931, when Chicago stockbroker Charles Pape brought together 19 regional oil drillers, offering each company 55,000 shares in the new corporation they could form by merging their refining or marketing facilities to create a well-balanced company. The firms participating in the founding of Quaker State Corporation included the Eastern Refining Company, Sterling Oil Company of West Virginia, Ohio Valley Refining Company, Enterprise Oil Company Inc., Independent Refining Company, Lake Erie Lubricants Inc., Iron City Oil Company, Gallagher Bros. Inc., and Appaline Oil Company. |