Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-07-01

in Berlin Dwho is well informed re-
garding the coal oil trade, it is Mr.. Mix
Geadew of the German branch OF
the Noble brothers, principal producers of
Russian oil The Mobiles, who own many
Oil wells at Oahu, produce annually two
million barrels, about one-third of the Rus
sian output. They have feet Of tanks on
ceivin2 tanks at Lubbock. Germany,
Sales, Antwerp and other points.
Judging by the following interview they
expect TO be swallowed up like all the rest
by the American corporations. A CORE
spondent. of the Associated Press asked
Geadew what he the thought of the move
ment of the Standard oil company, and
how they would affect the trade in Europe,
and especially in Germany.
According to my information" said Mr..
Gedew, ''the Standard oil company has
within the last few months secured the
combination of all large houses in
Bremen and Hamburg which are
engaged in the coal oil trade. 1t paid
them big prices for their interests.
and Improvements, and then organized them
into stock company of the German-Amer-
lean petroleum company, in which it holds
a controlling interest. 1t bought out
Schultz & Co., of Bremen, and Reidmann
& Co., Of Gostemund, for ten million
marks. 1t paid proportionately large
sums TO Hamburg houses. All these
houses are in the new corporation. 1t has
done something at Rotterdam, and at Ant
werp, where it has formed stock companies
with capital OF about 5 900, 900 guilders each,
in order to control the trade of Holland
and Belgium. We have but just now
received Information that the Standard oil
company has bought out the frm Of Wal
ter Il Co, who control the oil trade OF Italy.
This firm has many tanks at sea, AID i'm
4
Genoa and Savona in Italy, and with Col
dan in Switzerland. Now 1t
has combined with the Standard
oil company, too, which of course
has controlling interest under the name of
Societe Italo-Americana Petrolia. You see
the Standard is getting in its work every
where. We may fight it for some time 10
submit. The Standard possesses such I'M
limited capital that it can achieve any
thing"
What will be the consequence OF this
immense power and supreme control9 will
the price of coal Oil be raised2n
Goal OIL replied Geadam, sis so cheap
that it can stand higher price. Tothe CON
sumer it will make but little difference if he
pays few pence per gallon more or less.
We shall, of course, be glad to have them
raise the price, as our own will rise accord
ingly."
you are aware that the German gov
ernment has ordered az investigation TO be
made regarding this new combination.
Cannot the government break the power Of
the combination by special laws"
mo. it can do nothing absolutely moth
ing. Everything has been done in a strictly
legal way. There is apparently no ring,
only a regular mercantile company.
If the STANDARD oil company chooses
TO raise the price Of its products in
America, and sell at these higher
prices to German corporations, what can
Germany do?''
Geaden's talk and manner conveyed the
impression that he thought the Standard
I'll company powerful enough to defeat
all opposition, and realizing this
fact, his company would gracefully
surrender if hard pressed and if big
price was paid for the surrender. Should
this take place then the Standard would
hold an uncomfortable sway on the CONT
nput