The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1888-09-20
TIE srANpARp OIL colIpANY.
1t is Controlled by senator Payne and II
FamIly-Honr's Attack.


FamIly-Hour'A Attack.
WASHINGTON, D. c., Sept. la.--People
in Washington were amazed on reading
the statement made by Senator Payne,
Of Ohio, the other day, to the effect that
he did not now own and never did own
any stock in the Standard Oil Company.
For years il has gone without saying
that the Faynes were the soul Of that
great monopoly. The family wealth is
estimated all the way from twenty-five
to sixty millions OF dollars, while the
capital stock OF the Standard Oil Com
pany is estimated at anywhere from
forty to eighty millions OF dollars. Some
Of the most intimate friends Of the
Payne aud Whitney families are ex.
planning how it is that Senator Payne is
not stockholder in the company, and
yet is deeply interested in it. They say
that for many years his entire estate
has been handled by his son
Oliver, and that In his name all Of
the stock in the Standard company is
carried. tits no secret that the Payne
family controls the Standard OIL organi-
zation, whether 1t carries in its own
name the stock which appears upon the
books, or wether itappears in the name
Of other persons. The manner OF utter
ance OF no man in the Senate has ut,
traCted so much attention as that OF Sem
ator Hoar while he was indulging in
repartee with Senator Payne on Friday
last and while the Standard Oil Com
pany was under dIseusslon. The way
in which Senator Hoar repealed the in
dignation OF Senator Payne when he
charged that gentleman with being Il
stockholder in the Standard Oil Com
pany, was severe. Senator Hoar has a
large, smooth, motherly-looking face,
with powerful facial expressions. When
he held out his two hands in a beseech-
ing and at the same time expostulating
manner and said that he could not
see why any man should lose
his courteous hearing and most
usual placid good temper simply
because II was intlmated chat he was
connected with the Standard Oil Com
pany; that he did not know before that
II was crime or even reprehensible for
n man to own stock in the corporation,
even though IL %as monopoly; that II
there was Odor connected with the Stand
ard Oil Company it had been created by
utterances OF the Democratic party; that
the Standard Company had been point-
ed out by the leaders Of the Democratic
party us the chiefatrust of the United
States, aud the greatest monopoly under
the American republic, Senator Payne
roared with anger. II u man was TO be
condemned because he was connected
with this administration and ut the same
time held stock in the Standard Oil
Company, he was to be condemned by
men connected with the administration
itseli and those who were managing
the Democratic party, The affect
ed soothing manner in which
Mr.. Hoar insured Mr.. Payne no
personal feeling was intended on
his part when he stated that he
thought the Senator itOm Ohio was con-
nected with this company, and that
much as he (Mr, Hoar) opposed the for
nation OF monopolies and trusts intend
ed to control the markets, he did not
cast reflection upon the individuals in
their personal capacity who were con-
nectcd With them, was painful in the
extreme. The venerable Senator from
Ohio fairly writhed and groaned with
agony, yet he could not retort to words
uttered in the sympathetic and yet at
the same time mocking terms Of the
shrewd Yankee. 1t was an instance OF
a bird beioulingits own pest, when Mr..
Payne, NJ the outset OF the debate, flew
to his feet and denounced Senator Hoar
in person for having intimated that he
(Nlr. Payne) was connected with the
Standard Oil Company. The Democrats
are very free to denounce trusts, but
when the leading men in their party are
shown to be connected with them there
Is a change OF front that Is absolutely re.
freshing, II not amusing.