The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1892-03-22
END OF THE STANDARD.
Tho dront Monopoly Dlssoives and
VIII Soil All Property.
TRUST AGREEMENT TERMINATED
by u Yoto ofa Largo Majority of the
stocisholdors...A Committee Ap.
pointed TO Wind Up It's Affairs.
Terms OF tho scttlcmcnt...1ndica.
tlons That 1t Is Simply Resolved into
II Company aud VIII Do Monopoly
siln. e.

New York, March 2l.-At Il meeting
held by the holders by tho Standard Oil
trust certificates at tho Office OF tho trust,
20 broadway, at II o'clock this morning,
q resolution to terminate tho agreement
forming tho trust waa voted upon and
adopted by large majority, over two.
thirds OF tho certificates being in favor
Of tho dissolution. Over 200 holders OF
certificates were present. John D.
Rockefeller was chosen chairman OF tho
meeting and D. A. Richbold secretary.
After the call OF the secretary was read,
tho following resolutions were offered
by s. G. Dole: Ew.
"lcsolrcd, That tho agreement OF jan.
uary 9, a. d. 1882, commonly known us
the Standard Oil Trust agreement, and
tho supplement thereto, dated January
II, 1882, DO and hereby arc terminated
this 2lst day OF March, 1902 and further
"ReSolred, That tho affairs Of. the trust
Henry NJ. Flagler, William Rockefeller,
John D. Archbold, Ben Brewster,
Henry II. Rogers, Wesley NJ. Tllford
! and o. 3. Jennings. the survivor or sur
vivors OF them in the followinglnanner:
"A!l property held by said trust Gu
cept siocks Of corporations shall DO sold by
said trustees at private sale and tho
proceeds thereof, together with any
money belonging to the trust, shall bo
distributed to the owners OF trust cer-
tiilcates according to their respective
interest. All stocks Of corporations held
by said trustees shall be distributed to
the owners OF trust certificates in pro-
portion to the respective, equitable in
forests OF owners OF stocks and shall be
held in trusts as evidenced by said
trust certiticates-that is to say, each
owner OF q trust certificate or certti-
Gates shall be entitled to deliver said
certificate or certificates for cancellation
and to receive in lieu thereof assignment
OF sharea or fractions OF shares in
each OF the corporations whose stocks
arc held in said trust, as he is entitled
to by virtue Of said certificate or certiti-
Gates, it being the intent and meaning OF
this resolution that the equitable inter-
SSto "a SUN stoShS iSpiSaSutcN' ny tAttee
certificates may thus, on demand, be
converted into legal interests represent
cd by assignments and transfers OF said
stocks by said trustees to the parties en-
titled thereto, which transfers and as
signmonts may be entered on the books
OF the several corporations upon thee
mand OF the holders OF such assign
ments. thereby merging or converting
equitable ownership into legal owner
ship in said stocks"
The resolutions adopted also ratify
and confirm all acts OF the trustees dur
ing the trust and providing that the
power to vote on stocks now standing
in the name OF trustees shall cease at
four months from this date
Solicitor Dodd, in speaking OF the
above changes, reviewed the history
OF the formation OF tho trust and denied
that tho trust agreement ever did or
over intended to create monopoly.