The Jet Visitor. (Jet, Okla.), Vol. 4, No. 19, Ed. 1 Thursday, September 26, 1907 Page: 3 of 8
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STANDARD OIL ON THE RACK
Department of Justice Begins Suit at
St Louis to Kill Giant Trust
The Petition I'ihd As!is That the Combination Be Declared Unlaw-
ful and Restrained f on Doing Business— Us ory of the Mo-
nopo’y and How It Is Al'egelto Restrain Trade
— Its Enormous Profi:s
The War on the Standard
' St Louis — Petition filed In United
States Circuit court asking for disso-
lution of Standard Oil trust and per-
petual injunction restraining 70 con-
stituent companies from working with
or paying dividends to parent com-
pany New York — Standard Oil shares
dropped 15 points making net loss of
150 points since Roosevelt’s war on
the trust began total depreciation in
stock since president opened crusade
1150000000 this notwithstanding
quarterly dividends of $10 per share
Findlay O — Prosecuting attorney
directed by Attorney General Ellis to
keep grand jury in session all Stand-
ard Oil officials may be indicted of-
ficials of Standard Oil company of
Ohio indicted agreed to surrender
St Louis Mo — The suit to break
op the Standard Oil trust has been
filed in the United States circuit court
here The petition asks:
That the court decree that the com-
bination and conspiracy are unlawful
under the Sherman anti-trust act
That the Standard Oil company be
enjoined restrained and prohibited
from exercising any control over its
allied corporations or any of them
by the election or appointment of di-
rectors or officers or In any other
manner —
That the subsidiary corporations be
enjoined from declaring or paying any
dividends to the Standard Oil com-
pany of New Jersey
That the defendants and each and
all of them be enjoined from entering
into any contract the purpose or ef-
fect of which is to restrain commerce
in petroleum and its products or to
monopolize the same
The petition contains 194 pages of
printed matter or about 100000
words and an aditional 84 pages of
exhibits consisting of by-laws and
minutes of Standard Oil meetings and
organizations and a map showing the
retail prices of oil in every state and
territory of the union
What the Petition Alleges
It is alleged in the petition that
John D Rockefeller and his associ-
ates the other individual defendants
formed a conspiracy' to monopolize
the commerce in - petroleum and its
products at an early date — about the
year 1870 — and that the-same individ-
uals have controlled the combination
during all these years In all its forms
and now control it It was therefore
deemed wise to state In the petition
the complete history and growth of
this conspiracy
History of the Conspiracy
The petition is logically divided into
three periods During the first one
of these periods from 1870 to 1882
the combination assumed the form of
a simple conspiracy — that is to say
the defendants with the Standard Oil
company of Ohio acted together to
suppress competition and control the
oil business
During the second period from 1882
to 1899 the combination assumed the
form of a trust agreement whereby
about 40 separate corporations en-
gaged In the same business turned
over the management of their busi-
ness to nine' trustees of which these
Individual defendants were the major-
ity so that these defendants con-
trolled all of these corporations
In March 1892 the supremo court
f Ohio declared this trust agreement
void and ordered its dissolution
Thereupon on March 21 1892 the
trust certificate holders met in New
ork and resolved to dissolve the trust
- and appointed John D Rockefeller
Henry M Flagler William Rockefel-
ler John D: Archbold Benjamin
Brewster Henry H Rogers- Wesley
H Tilford and O B Jennings as
liquidating trustees — the individual
defendants being a majority of these
trustees
The manner of liquidation was not
to sell the property and divide the
proceeds among the certificate hold-
ers nor to return to each person in-
dividually the property placed in the
trust but all of the stocks in each
f the companies were ‘divided into
portions In proportion to the number
of trust certificate shares outstanding
so that Rockefeller and bis associates
continued to control all these corpor-
ations as before
Birth of the Present Trust
The petition then takes up the third
period of the conspiracy begining
with the formation of the present
trust
In order to accomplish this in Jan-
uary 1899 they Increased the stock
of the Standard Oil company of New
Jersey from $10000000 to $110000-
000 and made it the holding corpora-
tion and placed the control through
stock ownership of all the corpora-
tions previously held by the 'trusts
into the said company and exchanged
its stock (or the stock so acquired
share for share issuing therefor $97-
250000 par value — the exact amount
of the trust certificwies previously is-
sued by the trustees
The stock of this company was in-
creased by a small amount and is
now $98338300
Some Standard Oil Methods
The petition then shows the meth-
ods employed by the Standard Oil
company to monopolize the oil busi-
ness These include discriminating
contracts with the railroad companies
manipulation of rates local price cut-
ting bogus independent companies
etc
The bill sets up among others a con-
tract between the Standard Oil com-
pany and the Tidewater Pipe company
whereby the Tidewater companies are
limited to 11 per cent of certain
business in Pennsylvania and New
York and the Standard Oil company
to receive 88 per ceit of the busi-
ness the Standard Oil company guar-
anteeing the Tidewater company $500-
000 per annum profits thereby elim-
inating all competition between them
The bill alleges a contract made
with the Pennsylvania railroad com-
pany in 1884 which was in existence
until 1900 by which the Standard Oil
company was able to maintain the
public charges for transporting crude
oil from western Pennsylvania at 40
and 45 cents a barrel to Philadelphia
and New York respectively The Stand-
ard Oil company through its own
pipe lines transported the oil for
eight cents a barrel
It Is alleged that thv defendants
through the Standard Oil company
and the other corporations are en-
gaged in producing purchasing and
'transporting petroleum in the various
producing districts in the United
States principally situated in New
York Pennsylvania West Virginia
Tennessee Kentucky Ohio Indiana
Illinois Kansas Indian Territory Ok-
lahoma Louisiana Texas Colorado
and California that they own and con-
trol nearly all of the pipe lines in
said states and other pipe lines ex-
tending from Kansas to the seaboard
also pipe lines in Texas and in Cal-
ifornia that they own a -large num-
ber of tank cars and steamships-engaged
in transporting oil aud that t'-e
saiddefendants have through the in-
strumentality of the Standard Oil com-
pany of New Jersey (a holding corpor-
ation) eliminated competition between
all of the separate corporations and
monopolized the commerce in oil in
the United States
Control the Pipe Lines
It is alleged that the Standard 'Oil
company has had ntrol of the carry-
ing business by pipe lines in and from
all the oil producing regions of the
United States except Texas Louisiana
and California that they charged ex-
cessive ' and unreasonable rates and
rates which were discriminatory in
favor of the Standard Oil company
that they havo refused to furnish
equal facilities for receiving and de-
livering oil of independent shippers
and refiners that they have refused
to transport oil belonging to others
than the defendants and their associa-
ted companies and since the month of
August 1906 have refused to transport
oil of others except in such large quan-
tities as to completely prevent inde-
pendent producers and refiners of oil
from using their service and that they
have forced 16 independent refiners
now doing business in Pennsylvania
and Ohio and producing their crude"
oil through the Standard Oil com-
pany’s pipe lines to- seli all of their
export oil to -the tandard Oil com-
pany thereby eliminating their com-
petition This contract was procured
through threats of the Standard Oil
company to reduce the amount of
crude oil which it would sell to the
independent refiners
Enjoy Preferential Rates
It is allege that one of the prin-
cipal instrumentalities through which
the defendants have been enabled to
monopolize the commerce in petro-
leum and its products throughout the
United States has been a system of
preferential rates and rates discrimi-
COMPONENT PARTS OF LUGE OIL TRUST
List of Corporations and Partnerships Controlled by Standard Oil Com-
pany of New Jersey and Which - Will Be Compelled to Resume
Business as Independent Concerns If United States Wins
Its Case
Where ‘ Capitalize-
Name organized tion
Acme Oil company New York $ 300000-
American Lubricating Oil company New York 100000
Anglo-American Oil company (Limited) England £1000000
Argand Refining company Ohio Not known
Atlantic Refining company Pennsylvania 5000000
Baltimore United Oil company Maryland - 600000
Borne Scrymser company New Jersey 200000
Buckeye Pipe Line company Ohio 10000000
Buffalo Natural GasFuel company New York 350000
Bush & Denslow Manufacturing company New York 200000
Camden Consolidated Oil company West Virginia 200000
Chesebrough Manufacturing company cons’t’d New-York 500000
Colonial Oil company New Jersey 250000
Commercial Natural Gas company Pennsylvania 100000
Connecting Gas company: Ohio 500000
Continental Oil company Iowa ' 300000
Crescent Pipe Line company Pennsylvania 1000000
Cumberland Pipe Line company Kentucky 1000000
Eastern Ohio Oil and Gas company 'Ohio ' 5000
Eclipse Lubricating Oil company Pennsylvania Notknown
Eureka Pipe Line company West Virginia 5000000
Florence Oil and Refining company Colorado 500000
Franklin Pipe company (Limited) Pennsylvania 50000
Galena Signal Oil company Pennsylvania 10000000
Indiana Pipe Line company ' Indiana 1000000
Lawrence Natural Gas company Pennsylvania 1000000
Mahoning Gas Fuel company Ohio 300000
Manhattan Oil company Ohio 500000
Mountain State Gas company West Virginia £00000
National Fuel Gas company New Jersey 2500000
National Transit company Pennsylvania 25455200
New York Transit company ’ New York 5000000
Northern Pipe Line company Pennsylvania 1000000
Northwestern Ohio Natural Gas company Ohio 2775250
Ohio Oil company Ohio 2000000
Oil City Fuel Supply company Pennsylvania 2000000
Oswego Manufacturing company New York 100000
Pennsylvania Gas company Pennsylvania 2000000
Pennsylvania Oil company Pennsylvania 80000
People’s Natural Gas company Pennsylvania 1000000
Pittsburg Natural Gas company Pennsylvania 350000
Platt and Washburn Refining company New Jersey 14000
Prairie Oil and Gas company Kansas 2500000
Republic Oil company New York 350000
Salamanca Gas company New' York 30000
Security Oil company' Texas 3000000
Solar Refining company 'Ohio 500000
Southern Pipe Line company Pennsylvania 5000000
South Penn Oil company ' Pennsylvania 2500000
Southwest Pennsylvania Pipe Lines company Pennsylvania 3500000
Standard Oil company of California California 6000000
Standard Oil company of Indiana : Indiana 1000000
Standard Oil company of Iowa Iowa 1000000
Standard Oil company of Kansas Kansas 100000
Standard Oil company of Kentucky Kentucky 1000000
Standard Oil company of Minnesota Minnesota 100000
Standard Oil company of Nebraska Nebraska 1000000
Standard Oil company of New York New York 15000000
Standard Oil company of Ohio Ohio 3500000
Swan & Finch company New York 100000
Taylorstown Natural Gas company Pennsylvania - 10000
Tide Water Pipe company (Limited) Pennsylvania ' 625000
Tide Water Oil company New Jersey 5000000
Union Tank Line company -New Jersey 3500000
United Natural Gas company Pennsylvania 1000000
United Oil company Colorado 3000000
Vacuum Oil company New York 2500000
Washington Oil company Pennsylvania 100000
Waters-Pierce Oil company Missouri '400000
natory against the competitors of the
Standard Oil company both In open
and published tarlifs and by and
through secret and unpublished rates
both interstate and Intrastate and by
rebates concessions and preferences
granted to the Standard Oil company
and Its subsidiary coi-porations-
The bill ’ goes into the details of
many of these rates and shows a sys-
tematic discrimination substantially
all over the United States so that
rates from Standard shipping points
are much lower for the same distance
proportionately and per ton -per mile
than from shipping points of Inde-
pendent competing concerns These
differences in most instances amount
to more than a reasonable profit upon
the oil ’ -
Some Sample Discriminations
The regular ' published rate ' from
Whiting Inde to Evansville Ind
through Illinois for Instance was 11
cents per hundred pounds Most of
the oil- shipped by the Standard com-
pany was shipped at 8 cents and
6 cents per hundred pounds The
Standard had a rate from Whiting
Ind to' Grand Junction Tenn of 13
cents per hundred pounds and large
quantities of oil were distributed from
Grand Junction all over this southern
territory on secret rates which never
were published as required by law
or filed with the Interstate commerce
commission
The petition alleges that for about
ten years prior to 1905 secret and us-
published rates were made from
Whiting Ind to East St Louis of 6
6 and 6 cents on the various rail-
roads which oil was destined to SL
Louis and to a large territory south
and southwest of those points while
the regular published rate was 18
cents per hundred pounds
How They Control Railroads
It is alleged that the Individual de-
fendants and other individuals associa-
ted with them and interested with
them in the Standard Oil trust have
acquired large interests in the stocks
of the principal railroads of the
United States and have caused them-
selves to be elected or have caused
other persons acting in their interest
to be elected as members of the boards
of directors of such railroads By rea-
son of such ownership and representa-
tion on the boards of directors of
such railroads the individual defend-
ants have Influenced the railroads to
establish and maintain the discrimina-
tory rales
Among the railroads in which the
defendants are Interested and upon
the boards of directors of which they
have representation (together with
the names of directors) are the fol-
lowing -
William Rockefeller — Central New
England Chicago Milwaukee & SL
Paul Delaware Lackawanna and
Western Lake Shore and Michigan
Southern Michigan Central New
York Central New York Chicago
and St Louis ’New York New
Haven and Hartford New York
Ontario and Western New York
and Ottawa Pittsburg and Lake
Erie Rutland
Henry H Rogers — Santa Fe Chicago
Milwaukee and SL Paul Union
Pacific
Charles M Pratt-i-Boston and Maine
Evansville and Terre Haute Long
Island '
Henry M Flagler — Florida Eas'i CoasL
Johi D Rockefeller Jr — Delaware
Lackawanna and Western Missouri
Pacific
William G Rockefeller — Union Paclfla
H Clay Pierce — Kansas City Southern
St Louis and San Francisco
C W Harkness — Chicago Milwaukee
and SL Paul
F T Gates — Missouri Pacific Wiscon-
sin Central
The petition thenrecites thB Stand-
ard trust’s monopoly - of the sale oi
lubricating oils to railroads its unfair
methods of competition in thfc cutting
of local prices the formation 4f bogu
independent companies the payment
of rebates on oil prices and the divis-
ion of territory
A Well-Known Remedy
- One "of the oldest safest ahd most
favorably known remedies In the
world to-day Is Brandreth’s Pills— a
blood purifier and laxative ' Being
purely vegetable they can be used by
old or young with perfect safety and
while other remedies require increased
doses and finally cease acting alto-
gether with Brandreth’s Pills the
same dose always has the same effect
no matter how long they are taken
One or two pills taken each night for
a while Is the best thing known for
any one troubled with constipation In-
digestion dyspepsia or any trouble
arising from impurity of the blood
Brandreth’s Pills have been in use
for over a century and are for sale
everywhere plain or sugar-coated '
" " " 1 ' v
Women at Strenuous Tasks
On the western coast of the United
States at Monterey Cal MrB Fish
keeps the lamps lighted in the Point
Pinas lighthouse On the eastern
coasL at South Portland Me Mrs
Gordon earns her living by working
as a deep-sea diver Sprinkled over
the country between these two women-
are thousands of other members
of the female sex who deserve to be
enrolled as auxiliaries - to Mr Kip-
ling’s corps of “Unafraid Gentle-
men” And then from the woman In
Utah who Is sheriff and hangs mur-
derers to the woman in Chicago who
bosses a gang of Italian street clean-
ers he tells the role of women who
are engaged in strenuous occupations
In the United States Wherever man
has tried to wrest a living from un-
willing nature there woman has also
left the impress of her daring ex-
ploits — Technical World
SIGIUIEADACHE
Positively cured by
these Little Pills
They also relieve Dis-
tress from Dyspepsia In-
digestion and Too Hearty
Eating: A perfect rem-
edy for Dizziness Nausea
Drowsiness Bad Taste
In the Month Coated
Tongue Pain In the Side
TORPID BTVER They
regulate the Bowels purely Vegetable
SHALL PILL SMALL DOSE SHALL PRICE
Genuine Must Bear
Fac-Simile Signature
REFUSE SUBSTITUTES
HeKnows
the kind of
Waterproof
Oiled Clothing!
that stands the"
hardest service
DoYmKhow
Made for all kinds
of wet work or sport
SOLD EVERYWHERE
Tells cf Stupendous Profits
It 13 alleged that by reason of Its
monopoly the Standard Oil company
has made enormous and unreasonable
profits on the actual value of its prop-
erty that tha trustees’ valuation ol
all the property and stocks placed in
their hands In 1882 was $55710 69824
The additional property purchased or
acquired by the Issue of trust certifi-
cates was $13310100 so that the total
value of all property controlled by the
Standard Oil company of New Jersey
except such as may have been pur-
chased from earnings Is $6902079824
according to their own valuation
Upon this capital the Standard has
from 1882 to 1895 inclusive paid
$51294008450 of dividends and has
created a large surplus — the dlffiet sur-
plus the petitioner is unable to state
because the Standard has not pub-
lished any statements since 1896- But
from 18S2 to 1896 its surplus accord-
ing to its own statements was $79-
53602514 and it is alleged that ijs
property at the present time exceeds
the value of $200000000 Its annual
dividjnds during the last nino years
have run from 33 to 48 pei4 cent per
annum In addition to this largo sur-
plus '
SINGLE
BINDER J
STRAIGHT £CIGA8
r
You Pax I©o
for Cigars
Not so Good
PLEWIS Peoria Ill
A Positive
CURE FOR
CATARRH
Ely’s Cream Balm
I oulckljr absorbed
Civet Relief at Onca
It cleanses soothes
heals and protects
the diseased membrane It cures Catnrrh
and drives away a Cold in the Head quickly
Restores the Senses of Taste and EmelL
Full size 50 cts at Druggists or by mail
Trial size 10 cts by mad
Ely Brothers 66 Warren Street New York
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Reference the current page of this Newspaper.
Finch, Ursel. The Jet Visitor. (Jet, Okla.), Vol. 4, No. 19, Ed. 1 Thursday, September 26, 1907, newspaper, September 26, 1907; Jet, Oklahoma Territory. (https://gateway.okhistory.org/ark:/67531/metadc1710689/m1/3/?q=War+of+the+Rebellion.: accessed June 21, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.