Biographies
WILLIAM STIRLING PORTER
PORTER, WILLIAM STIRLING, First Vice-President and General
Manager of the Associated Oil Company,
Mr.
Porter received a common school education in his native town and then moved to
Shortly
after reaching that city he entered the employ of Crane & Co.,
manufacturers and merchants, but in 1887 came to California to act as Assistant
to the Manager of their Los Angeles house.
He left their employ to become a partner in the firm of John D. Hooker
& Co., then manufacturers at
While
engaged in the oil well supply business Mr. Porter became thoroughly familiar
with the operations of the various oil companies throughout
Early in the year of 1900 the presidents of five of the largest companies in the Kern River Field entered into an agreement with Mr. Porter to turn over to the new company organized for that purpose the properties of their respective companies and accept in exchange bonds and stock for the appraised value of the personal property and stock for the appraised value of the real property. The presidents of the companies were as follows: W. G. Kerckhoff, for Reed Crude Oil Company; Burton E. Green, for Green-Whittier Oil Company; C. A. Canfield, for Canfield Oil Company; M. H. Whittier, for Kern Oil Company; John A. Bunting for San Joaquin Oil & Development Company.
These companies, through their presidents, agreed to convey their property to the new company and support Mr. Porter in acquiring the entire field, as far as possible, on the same basis. He finally secured agreements from the following companies, comprising the cream of the Kern River Field, to accept the appraised value placed on their properties and to take stock and bonds in the new company in payment therefor: Aztec, Kansas City, Bear Flag, Vernon, Senator, Queen Esther, Comet, Chicago Crude, Blinn, Toltec, Moneta, Section Five, Wolverine, Bolena, Cortez, Clarence, Hecla, Alva, Omar, Sycamore, Central Point Consolidated, Red Bank, Richmond, Missouri, Hanford-Fresno-Kern River and Mount Diablo Oil Mining and Development Company, John A. Bunting and Warren Gillelen Properties, Shamrock Oil company, California Standard and Giant Oil Companies, Standard Asphalt Lease, D. B. Parker et al, Del Monte Lease, Union Land and Oil Company of Georgia.
The engineers and geologists employed by him to appraise the properties and to fix the relative values thereof were Arthur F. L. Bell, Bernard Bienenfeld and William Mulholland. Their work was so well done that their appraisements, with some comparatively slight changes, were finally accepted by all the companies whose properties were acquired.
October
7, 1901, the Associated Oil Company was incorporated, and on January 1, 1902,
entered actively into the producing and marketing of crude fuel oil in
Before
the end of the year 1902 the Associated had added to its holdings the remaining
thirty-four companies, twenty-seven of them in the
Mr. Porter has acted as Vice President and General Manager of the Associated Oil Company ever since its organization. In addition to this position he has also served as President of the Associated Transportation Company and Associated Pipe Line Company, which companies handle the transportation business of the Associated Oil Company.
Under Mr. Porter’s management the earnings of the company have increased from the first year, 1902, when they amounted to but $180,490.63, to the grand total, in 1910, of $3,273,920.79.
Despite
his absorbing business activities he has taken a considerable interest in club
life. While at
Transcribed by Betty Vickroy.
Source: Press Reference
Library, Western Edition Notables of the West, Vol. I, Page
833, International News
Service,
© 2007 Betty Vickroy.