New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-05-10

! RULES OF TIE CENTRAL ASSOL iATlON'
| now The STOCK or THH CONVENTION IS pIS-
! TEIBUrFD-GEENr POWER or 1Ht EXECUTIVE
COMMiTTE-REsISTANCE OF MANI PITTSBURGH
! KEEINEKs-InE COLUMBIA CONDCT CoMPANY's
HOPES.
(tn0M ~ OCCASIONAL CORRESPONDENT or Tribune.
! PITTSBURGH, May S.-!'0r weeks past Iumors
Of combination similar in Us purposes The sCulh I'm
provenient Company Of 1872. have been circulated IN
s city. bat very few ~ the details have reached the
public DURING the pass week these details have como
into my possession As Tar TRIBUNE has already given
the agreement 20 be entered into between the ~
liners and the " Central Association" it need not Do
repeated here iufuli.
The organization is known as the Central hssoca-
ton" aDl Is organized under the laws Of New York.
Nj Eockliear Cleveland OF the Standard OIL Works.
l. Prcslsnt. The lime of its existence l. Iimtcd
ye uAlcss it is extended. The capital stock of tho
Association Is fixed at 500. divided into $1,000
% - car This stock Is allotted follows
T. re1asiies Ia ceveanl District liz shares
7" q re, C., u Isarr;h n.r,et - stars
10 % reuc'ios in PIlai iI,s Dsct ) 200 shar
IuS st0ck is not transferable without iio consent 81
the Company. Tho Board Of Directors determined thc
limits Of the strics, an the Stockholders in each dis
;rot the prupOrt refining capacity The or
rcucrirs each district may Subscribe 70 the capital
stock IA the prnp"ton that tacr capacity bear, 10 the
capac.y the district. bat not until they have first sub
srbcl to sIuh agreomnnts and contracts The Extcu-
iiqe Committee Of the Association may provide n The
time % the existence ~ the Association extended DO
ynnd the Tine pro, ic for in the articles ~ incopora-
Hon an annual meeting shall be held IN New-York the
first wednesday IN February. at which meeting five
directors shll bo olcctcl The affair OF the ganlza-
ton bc wound MP at any tins wlm 80 OF the stock
holders shall signify such desire in writing
The Executive C1Wnitto" mentioned shall consist
Of nrc-ihe stockholders in each district to elect
This Committee have tho direction AMI oontro Of all
business or the Association. They make and
contracts for tho control Df refining property AMI tho
olrr,tnc of tho same. They make all sales aud puI-
cL ses % Grade ard refined OIL all arrangement FOR
frcghts or pipe Tine transportation and TX the amount
oil each refinery shall rchno. As THE TRIBUNE has al
ready the agreement published by H. given the
ner uf sales a pnrr,Iasos etc. these need not be
peatcd II Is said here however TINT there IL pro
vision IN tho agreement which did not appear in II
published. II Is known the alternate arrange
mcn by which, In lieu OF allotment and equalization
provided for In the agreement published the E1ecn
tive Committee by unanimous vote AT any time to
quire from each rciner certain per on on all oil
refined, 10 exceed however, One-hli VI cent and
the received Is To be divided among the stock
huldcir By THIS arrangement. each refinery can pro
duce al It's pltiattc. oniy aging tLl> dSsesaIIcuI
Tine lenses t. which rcierrnc- is made are. first,
from tie rcncr io the ASSOCIATION, aud i} rom Tho
association ihC rViLCr. The effect OF them that lao
rcn,r leases his refinery 0 the ASSOCIATION. ana then
leases II Us WILL liable 10 I've Uustod without
noe fo any violation OF the rules Of the
diSoh.dcnce OF the orders Of the Executive Committee.
The scope Of the association them Is attempt
tr the refining of oil vain the ultimate purpose Of AL