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 Co. purchases a three-quarters interest in Vacuum Oil Company for $200,000. As a lubricants pioneer, Vacuum Oil introduces a number of popular products, including the revolutionary Gargoyle 600-W Steam Cylinder Oil. Standard Oil lubricates Thomas Edison's first central generating system. Also in this year, Standard Oil Trust forms to include the Standard Oil Company of New Jersey (Jersey Standard) and the Standard Oil Company of New York (Socony). The Standard Oil Trust moves its headquarters to 26 Broadway, New York City. The nine-story office building becomes a landmark.