New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-07-31
HOW THE BIG TRUSTS ARE ORGANIZED.

THEIR PLAN AND METHODS POINTED OUT BY
THE HOUSE COMMITTEE
Washnrton July 3O.-The House Committee on
Manufactures to-day submitted report on the trusts
investigation. The plan of investigation is stated as
follows:
First With relation trusts combinations in lines
Of business which articles in which there exists COM
petition the domestic and the foreign product I'M
ported and dutisble under our tariff laws
Second With relation to such combinations dealing in
imported into this country OF not subject 70 I'M
poT, duties
Third With relation such combinations dealing in
articles subiect 10 taxation under the Internal Revenue
laws Of the United States
AS to the inquiry into the Sugar Trust and the
Standard OIL Trust, the report states;
Both are organized upon substantially the same plan.
It that there exists certain number Of corpora
tons organized under Of the different States that
corporations have Issued their stock 10 various III
dvduas these individual stockholders have sur
rendered their the trustees named In the agree
,nent creating these trusts and accepted In lieu thereof
certificates issued ty the trustees The agreements pro-
vide various corporations whose STOCK Is sur
rendered trustees shall preserve their Identity ana
carry on business In the Sugar Trust agreement the
provison is that the several corporations shall maintain
their separate organizations and each shall carry on anu
conduct its business. in the Standard vi TRUST
agreement 1t Is provided that all property real ana per
sona assets and business shall be transferred 70 ana
vested in the said several companies. The duties OF
the trustees are restricted the receipt OF the dvi'
dends declared by the various corporations and the ais
rbution aggregate OF them to the holders OF the
trust certificates pro and to holding and voting
upon the stock the corporation. The trustees. In
both cases. as Witnesses denied that the trustees, as
SUCH ever do any other business than TO receive ana
distribute dividends and exercise the only other
function given them by the trust agreements that Is
TO hold OF the various corporations and exercise
the right OF stockholders In ouch corporation The care
with which trustees avoid making any agreement
relating commodities appears from the testimony as TO
arrangement with the Oil Producers Association In
he Of
ment then made with the Standard Oil Trust by
which 900 barrels Of oil belonging to the Standard
Oil apart for the benefit Of the association
upon agreeing curta the production OF crude oil
at IT. 500 barrels per diem These witnesses un-
doubtedy that their arrangement with
trustees Of the Standard Oil Trust But the written
agreement produced shows that 1T made with and
first signed by Standard on Company OF York,
companies whose stock is held by the trustees
the Standard OIL Trust the trustees thereof
as SUCH parties 10 1t, is either Of them
sponsible for the carrying out of that agreement
This form Of combination was obviously devised for
purpose Of relieving the trusts and trustees from the
any breach Of the conspiracy laws Of the various
States Of BEING combination 70 regulate or control
the price Of production Of commodity hence they
the corporations themselves which control and
regulate the price Of commodities and tho extent Of
production. and have tangible property. remain with their
organization intact distinct and combination with
each other that the stockholders who owned only the
Stock and had no legal tle La the property OF the
poratons sold their in the corporations and &C
ceped in payment trust certificates and that the
have legal title to any OF the Of the
tions and neither buy sell anything combine with
10 fix prices regulate production OF any COM
modify.
1t is plain that these combinations have been inten-
uonay formed 10 avoid possible the charge that
the trust SUCH the trustees in that capacity
fixed the price regulated the production Of any article
Of merchandise
Complaint having been made to him by the citizens
the State Of NewYork against the Sugar Trust
Of the corporations whose stock 1t holds the Attorney.
General Of that State has directed prosecutions be
tegun against that trust and corporation.
The House authorized the committee TO sit during
the recess and take further testimony relative trusts
TO PREVENT VIOLATION OF HIS PLEDGES
Washington, July 80 (speclaD.-The question Of
Territorial government and the appointment of Ter
rtoral residents Territorial Offices brought up
to-day in an amendment 10 Senator Mtchelps bill to
provide for additional Justice of the Supreme Court
OF Wyoming The bill originally provided that here
after the Supreme Court of Wyoming should consist Of
a Chief Justice and three Associate Justices, any
OF whom should constitute quorum but that JUS
tees should act member of the court in any action
brought before 1t appeal from decision rendered
by such Judge as Judge Of District Court. The bill
as amended provides that three members of the court
shall constitute quorum; that a Judge may sit in
case brought up on appeal from hts own decision in
lower court only when any of the other Judges
shall be disqualified to act and the section provfd-
Ing for the appointment of the Judge is added the
words:
"And who shall when appointed be a resident Of |
said Territory
This will prevent the President from violating the
pledges of the Democratic National platform of 1884.