Teagle, Walter

In the late twenties, Hermann Schmitz and Baron von Schnitzler had sailed to New York to visit Standard s president, Walter Teagle. They brought the news that Farben had just succeeded in making gasoline from coal. 

That was 1929. I went to see Charlie Mitchell and he said to me, "Don t worry about it, don t get excited." But he said, "You can talk to Walter Teagle, the president of Standard Oil, and other industrialists. He can tell you whether this has to be taken seriously." Then I went to see Teagle and he said, "You are not well known, you Farben people. You have got to make some publicity first. Our publicity agent is Mr. Ivy Lee. I am going to have you introduced to him.". .. He had me introduced. I went to see Ivy Lee. The board of American I.G. retained him. 

Jersey Standard President Walter C. Teagle wrote an associate in June, 1919, I have felt more than ever before the need for a thoroughly organized and competent research department under an able executive, such a department not to be confined to chemical research, but to general research in connection not only with production and refining of our products, but with the sales end of our business as well. A formal notice announcing the formation of a development department was issued on September 27, 1919. The department s 26 employees worked in labs at the Bayway Refinery in New Jersey. 

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