of comradeship which I have always observed. It has been one of the most real things in my experience. Standard Oil has always been essen­ tially an organization of men." From many of his utterances in similar vein, such as the following expressed on the occasion of Sohio's 70th Birthday anniversary, it is clear that he thought of the company as an abiding human institution existing not merely for the benefit of all present stockholders, employees and customers, but for the benefit of all future stockholders, employees and customers: "The incorporation of our company 70 years ago (he said in January, 1940) marked the beginning of a stabilized and business-like indus­ try. It marked the beginning of a new ind ustrial era. But to us of this company, it must mean the start of a great human institution." Motivated by this conviction, Mr. Holliday never ceased to devote himself, and to inspire Soh i 0 people to devote themselves, to the improvement and advancement of their company. No ,vonder that under his "regime" there existed and flourished a definite feeling among all ranks of Sohio personnel of working for, and belonging to, a good and progressive human company high in public esteem. Mr. Holliday was always ready to pay generous trib­ ute to Standard Oil person­ nel, men and management, who had preceded the begin­ ning of his administration. One such occasion was in January, 1940. "In these seventy years of our company we may say, roughly, there have been three generations of men. A generation covers about twenty years. First there was the old guard, the pioneers. Mr. Holliday's contribution to the war effort was personal as well as official. Here he waits on service men at one of the armed forces canteens in Cleveland. Then there was the intermediate generation, men trained by the pioneers and succeeding them. And now there is our own generation, many of whom worked with the men of the second genera­ tion. Three generations of Standard Oil men, each meeting different kinds of problems, but each, as I see it, carrying on a common tradition. "The men of t hat first generation were pioneers in every sense of the word. That second generation of Standard Oil men was a splendid group, too. They 'were different from the first and third generations, because their problems were different. But they helped to build up, and carried on, and cherished the Standard Oil traditions in a ,val' which should be the envy of all of us who follow." Mild-mannered in his personal dealings with others, Mr. Holliday was a forthright and unyield­ ing opponent of unfairness wherever he encoun­ tered it, whether in high places or low. He was quick to go to bat for Sohio employees; he just as quickly lashed out at what he thought to be unfair and demagogic attacks on big business, the oil industry, and top management, by poli­ ticians, reformers, and others who willfully or ignorantly misrepresented the truth about busi­ ness and industry on its higher levels. Some