The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1888-07-31
STUDYING TRUSTS.
Congressman Examine the
New Monsters.
srmsSeEKns or coarEr1rro>.
50 wtsei. aud Wlekesisy Planned az
10 freseas No seiHeras.i. Point 81
Legislative Assscs-a sample OPP
erssien es the Standard on oeso.
pes-New N.rk.s TEST Case.

wAsslSs4 July % The a0ass osra-
Fsisfee on manufactures teslsy subsaisecSi
an elaborate gsporf eeas~rHiifx the sFssss
Investigation. which wRs orsetcd printed.
Tie reperf says The committee has rssrsie-
ui4sis directed its Inquiry Into the methods
s'f and - fhe extent 0t, thc business 1cre
o. csartFallsssi by the ssESaF svass ant stand
asa OH trust. Ia submitting tha tesa
Haany, shc essazsii4re calls tao atscnIssa OF
ttse aease 10 jsgs forla 81 Organization II
those tive trssgs Eo:A sf thea are orszsa.
lscd apea Substantially tlt same plan.
Fgcra THE Testimony, iE appears that ;here
eS,sas 0essala nemhef At corporations
cTsanlzed uadeg the laas II shc dssereus
states saa satSsef 10 slseig eeafsoi, shat
;hese eergsysatiaas have isSsssss th.sr sleek
te ysFioes individuals. arid that 4bcse snai.
s.sual steekha3.ees h&se surrendered
sagsck 10 the trustees named in tAa agrets-
faeui creating these trusts. aasi seccrted in
lit-i thercei certificates issued by the ssas.
tees, Tiss ssFpencnt provides that the
gaTiotis corporations whose stock is suf-
esaGcrssd 10 sis trustees saisii preserve their
ssicaiity sssa carry on their ngslness. Ia
iae sugar NHst aStecienaf, the provision i
sast ihe several o@fpogassssss snail pdzfn-
tam ,aeif svrsFaie organizations. aass each
s'ssl earn On and caadees SIS ewn hasi
acss.
ne trustees ia lalh casrs. u,.an the
siaud Is Witnesses, specifically aeais,i Tat
the trustees. as such, cHes DO auv utaef
business tAsa 20 receive and ilstri bute
dividends aG4G fe hoAd the steeS of tAse
Naripas eessslraiions. aud exercise iAe
right % sfcek hoiGgfS IN such eurlsefai hons
fhe ears with which TIE trustees avoid
making ans agreement relating to oata,
me,iliies appears from the testimony as ta
an arrangement wlfA the Dsi Producers As
sosIanon Ia the fall OF 1857. The officers el
the Pr0figcSfs Sociatina testified that au
asrvefucui vas tsen made with the Siaad-
ard tfii trust hy which > oe 90 haFrrls of
oil belonging 10 ihu STANDARD oil Trust was
ses apart for thc benefit - she association
upon its agreement 20 euFis8i the pgo.ne-
ticn OF crude oil to l7.iAu hatrcls per diem
These Witnesses undoubtedly undrysi0ad
IaGi thc arrangement Nak with the tfass
sees OF tie standard OH trust, but the
written agreement produced and now Ia
evidence shows tnat Il was made with aud
Is signed Icy fhe Standard Uii Company 81
New York, one ~ the companies whose
stock s. held by the trustees. aud that the
standard on trust or the trustees thereof
as such, arr not parties 20 II, nor IS eifbsf
az them n sle8usthir for the carving pus ~
that agreement. This forfa Of combination
was obviously devised sog the purpose OF
selieN ing trusts and trustees from a breach
OF The conspiracy laws Of the NafioHS
states or from the charge If being Gem,
hinais0n 10 regulate or conin1i the price or
production ct any commodity.
The report also says. Complaint having
been made n him hy citizens Of the stale
ul New York against the sugar trust aud
enc of tic corporations whose stock Il
holds, tbs attorney general af that state
has after hearing decided nrou praserH
iton 60 be cammcneed against that tfusf
ana the corporation complained -, upon
gfounGs which aFn set forth In an elaborate
8pinian. which j. submitted as part ~ the
egiieRee IN relation To the trust and a.
containing q careful statement ~ the law
u iaal slate, 50 Ear rs i affords aay remedy
against stsch trusts.