Definition of treasurer for English Language Learners. : someone who is officially in charge of the money that is taken in and paid out by a government, business, organization, etc.
On Aug. 27, 1955, an explosion at the Standard Oil refinery in Whiting, Ind., destroyed much of the plant and dozens of homes. The explosion occurred in a âhydroformer,â a 26-story-high tank used to convert low-octane gasoline into high-octane gasoline at what is now a BP refinery.
Standard Oil Corporation. joint stock company founded by John D. Rockefeller in 1870 in Ohio. As the company grew it was established in four other states (New Jersey, New York, California, and Indiana) because of stric laws against interstate corporations. For this purpose the Standard Oil Trust was formed in 1883.