The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-09-20
HOAR AND PAYNE.
The Latter's DENTAL of Proprietary Interest
In the Standard OIL Company.
Al 20 Ia I'M

The Latter's Dental of Proprietary Interest
In the Standard OIL Company.
special 90 the Indianapolis JournaL.
wAsHrSGToS, Sept 19.-People in Washing
ton were amazed on reading the statement made
BY Senator Payne, OF Ohio, the other day. to
the effect that he did not own aud never did
own any stock Ia the Standard Oil Company.
For years il has gone without saying that the
Paynes we're the soul of that great monopoly.
The fsraily's wealth is estimated all the way
from SIS 600 900 to 500 600 000 while tho capital
stcsk of the Standard Oil Company is estimated
at anywhere from s40,00o,0Oo to $50. .0o0, 900.
Some Of the most intimate friends oNthe Payne
and Whitney families are explaining how il is
that Senator Payne is not . stockholder in tie
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 namo all of the stock Ia the
Standard Oil Company is carried 1t is no secret
that the Payne family controls the Standard OIL
organization, whether IL carries IN its own name
the stock which appears upon tie books
whether IL appears In the name OF other persons.
The manner or ufternocs =: man In the SEN
ate has attracted much attsntion as that Of
Senator Hoar While he was induicing IN rspartee
the Standard OIL Company was under discussion.
TIE way ia which Senator Hoar repelied the in
dienstion OF Senator Payne when he charged
that gentleman with being q srockhoiier IN the
Standard Oil Company wss severe. Senator
Hoar has a large, smooth. nothsrly- looking face,
with powerful facial expression. When he held
out his two hands In q oeseechiug, and at tie
same time expostuistinc, manner aud said that
ne could not see why any man should lose his
courteous bearing aud usual placid temper
he was connected with the Standard OIL
Company; that ne dad not know before that it
was a crime or ever reprehersib!e for a man 70
own stock In the corporation, even though it
was a monopoly; that IL there was odor con-
nected with the Standard Oil Company il had
been created by utterances of the Democratic
party; that the Standard company mad been
pointed out by the leaders of the Democratic
party as the chief trust OF the United States,
and the greateet monopoly under the American
Republic, Senator Payne roared with anger
IL man was to be condemned because he was
connected with this administration and at the
same time held stock in the Standard Oil Com :
pany, he was 10 be condemned By men connected
with the administration itself, and those who
were managing the Democratic party. The
affected soothing manner in which Nr. Hoar as
sured Mr.. Payne that no personal feeling was
intended on his part when he stated
that he thought the Senator from Ohio was
connected with this company. and that much as
he Mr.. Hoar) opposed the formation of monopo-
lies and trusts Intended TO control the markets,
he did not cast reflections upon the individuals in
their personal capacity who were connected
with them, was painful in the extreme. The
venerable Senator from Ohio fairly wriihed aud
groansd with agony, yet be could not rstort to
words uttered In the sympathetic and yet at the
same time mocking terms Of the shrewd Yankee.
1t was 81 10 stance of bird befouIine Its own
nest, whom MIR Payne, at the outset of the de-
bsts, few to his feet and denounced Senator
Hoar in person for having intimated that ne
Oil Company The Democrats are very free 10
denounce trusts, but whom the leading men in
their party are shown to be connected with
them there ia q change OF front that ID abso-
lutely refreshing if not amusing.