The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-02-22
MILLIONS OF CASH IN OIL.
rs TIE sTiyDiRD on COMPiyY TO BE
UiNDED OYER TO 4 RECEIJER?
Large Producers In the Mammoth Combinn-
ttcn PetitioninR for dissolution nf Co
partnership W hat Prominent OIL VI en- say

tton Petitioning for n Dissoiution nf Co
partnership W hat Prominent oil Men say
Tho most important legal proceedings
that have over affected the oil producing inter-
csts Of this country have been begun in Butler.
Pa. by the petition Of II. l.. Taylor. j. Satter
field. and John Pitcairn AIT. John u. Rockcicl-
Ter II. VI. Flagcr and others, for the dissolution
of coparincrship and tho appointment Of n re-
cever for the business in which the plaintiffs
the and defendants have hitherto been Jointly
engaged.
The petition recitcs that in December 1874.
the plaintiffs were large producers. and that
they sold TO TIA" defendants and others one-half
Of all their interests in oil-proluring lands.
wells a.. being about 1000 acres of land and
100 wells. for the purpose Of oltauins better
pri cs and moro favorable railway transl rita
uon for their oil. upon the express agreement
THAI the partnership thus formed should hnyc
the benefit ~ the advantages and facilities of
tho said defendants. and the organ'2 lions and
firms managed and controlled hy Defendants in
marketing U.s. oil: that the firm should have to
the extent oi liz pioducuonth" adNa utI-o OF t'"
sales oi refined oil by the defendants or said
standard Oh Company either iorprnr'nt or IT.
mrr delivery. .oilat thcrc should =, atuotime
amy mai-in 90 difference between thc ruling
price of refined ou and the price tuat d.lul-
ants would pay the partnership for t'e Grub
boy i produced beyond the necessary cost ol r..
niirt
Tarr.ii'un further ro,ii that thrGrrnl-
ants have Ialrl and refused O. carry o.f t.N
terms uf said a.-r ,iu. ui. Ald 20, fnl-,Hfi .rro-
utous -iaiDmrDis sl"l the planNN. Hul in-
dursi them tocun-. ut To- th' sale to thrm ami
Ties az crude r.iroituw prY iu..I it th. Ilr-
n,r-AiI.a t rri ra fur l'ncHtb rs ..tr4i v'lu'.
o. nir great ll-s ANA du'lag SO Di ur about
i'g ~ ~ ~, az f'r ., T.. *, IA ,i N
s.N..a .a..N
o0n pli .uce " I'd their U.,r'rtei ny. ana n-A Nd
tt.f ttry tlhc ur purla-c -lnuUl iAfrl D. 0l tlf
production oi tnU pdftnD lflil 30 % pace" come
monsur..' w.ih ne iti rW q iln' IL thr iin'.
partnership va, forced to sell t4cfane 10 price
vltin- rom So q s.. uakine /" SIS m
sd"oOo to $1,000. 900, ior which raid defendants
Tile ueit on al.o rcrl,es that the defendant.
have received rebates amt drlwho'hs from Oh,
railroad conn panic cqual 20 q per barrel. and
SON 81 Nlullt.ig the a-re"W 'ut a- HhlN'. thr
amount o-t hv IN" partnership Hni r.ult d. 'f
ono-i ali rfwtieh defendants Should a'.oun' p,
Ia" uianui,-. nri Wai'h inry n"-lr't aht rri"s'
The asroonent iurherrosdea that none. ~
ia. parties thorltN should ~ nav time while th'
pnftn.i-mp een.un' pni h.rr 4hl ...-lr.i
du ina lands ~" 10 Tor iHc uuiu. n'il col Al
the partners: but in violation t.'r' 'i. 90" dig
tcreHnt- purchase largely .i otIlHi ~ cS u n'i
lands. ami r.iuFih@ ne pninifN3 aus 90 ii'
g Dr.. therein caused '.'" great anu serious
1leagrecn.nt provided FOR thr ii-- u. ON
being given in writing w. tine part-et~ oWnlN-
more thuu oir-uaf inter- II ia SAID 'unpluN.
unN-h;ui interest. unl nay" siv"u the required
MOI. .,. which rNiir,i ? bis. 1873.
-tO. al. ldri, of tNc standard Oh Company. uu.
entirely separate and iuliNlluN BE- uu.ttfNu
and unaif, ting the standard on Company. IT,
other words. fu y aver iNnt tN' O. ifHfNru
named lrlonE g. dir rent cnripil 10 ini- w l'l
du business with corh 'ti'r. Nui ar" ihi'-
Irui at, Us certain railroad rnui gers arr va
q r-'0nd - make contracts with themselves s-
II is ~ no mcan~ aa-y;l ct q, the inside
workings 90 the vast ,oilinatiOu % liii rests ~
W. ich the standard OIL Company il tn uppa-
rent hend and front. Tho popular suppo-itiou
is that the ownership and control of nearly ali
the large rehnerics in the country gives To-
that Company a power beyond III r'hch Of
rivalry. and that many millions 81 dollars are
invest Il IN th" mqnionancr " IT'S supremacy.
and they also refuse e. impart amy d'Nrit"
knowledge 1i what portion they control OF fl"
100000 barrels % DAY of orul. nil. or what M T.
pr.eisc relations have boon with The cont lla-
ton. for wnich the appointment oi receiver
Mr. Spoilman said yesterday that h. had been
told by Ia" trea~ urcr that no suit hn4 been in
STUFFED against tne company. ana thut con
STEERING the dual interests OF the prin 'ipll orl
ecr-, ms already r.ni'd-ls probably true lie
danger Of "a receiver being appointed. There IL
las
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