Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1892-03-22
NO LONGER A TRUST
The Standard Oil Company to
Terminate Its Career.
WILL BEANOTHER KIND OF OCTOPUS

Resolutions Adopted by the Trust Com
bine Which VIII Close the Deal i'm
Four Months-Dodd Gives Its History
ana Notes Some Popular Misapprehen-
sions as He Sees the Matter-The Con-
cern Will Continue Business at the
Old Stand in Another Form.
NEW YORK, March 22-At meeting of
the holders of the Standard Oil Trust GER
tlficates, at the office of the trust in this
city yesterday, a resolution to terminate
the agreement forming the trust was voted
upon and adopted by very large majority,
over two-thirds of the certificates being
voted in favor of the dissolution. More
than 200 of the certificate holders were
present. John ID. Rockefeller was chosen
thalrman of the meeting and John ID.
Archbold secretary. The following reso-
lutlons were offered by Mr.. $. G. T. Do id:
Appoints Board of Trustees.
Resolved, That the agreement dated JAN .
lsS- commonly known as the Standard Oil
trust agreement, and the supplement thereto
dated Jan. 1, 1882 he and they are hereby
terminated this 2lst day of March, 1892 And
further resolved, that the affairs of the trust
shall be wound up by John d. Rockefeller, II.
IL. lager, William Rockefeller. John D. Arch
bohl, benjamin Brewster, II. w. Rogers, @. b.
Jennings and Wesley II. Tilford, and the sur
Nlvor or survivors of them, in the following
manner:
All property held by said trust, except stocks
OF corporations shall he sold by said trustees
at private sale and the proceeds thereof to-
gcthef with any money belonging to the trust
shall be distributed to the owners of trust Ger
'iIC'''eo according TO Their respective interests
Disposition of the Stocks.
All stocks of corporations held by said tr ust-
10 of 1a
trust certificates in proportion to the respcc-
tive interests of said owners in the stocks 50
held IN trust, as evidenced by said trust certi-
hcates; that Is to say each owner OF trust cert-
hcate or certificates shall be entitled 20 deliver
SAID certificate or certificates for cancella-
tion and to receive in lieu thereof an assign
mcnt of as many shares or fractions of shares
in each of the corporations whose stocks are
held III said trust he is enti-
tied to by virtue of said certificate
and meaning of this resolution that the equita-
bic interests in said stocks represented by trust
certificates may thus on demand be converted
INTO legal interests represented by assignments
and transfers of said stock by said trustees to
the parties entitled thereto which transfers
and assignments may be entered on the books
OF the several corporations upon the demand
OF the holders Of such assignments, thereby
merging or converting equitable ownership
INTO legal ownership in said stocks.
Trustees Acts Ratified.
All purchases sales, exchanges and cancel
latiOns of stocks or agreements, therefore, ex-
ecuted or executory, made by. the trustees
during the existence of the trust, and all
aSsents by said trustees as stock holders to pur-
chases, sales, and exchanges of corporate prom
erty and TO the formation and winding up of
corporations, and all other acts of the said
trustees during the existence of the trust are
hereby ratified and confirmed.
Provision is made in the resolutions for
filling vacancies in the trustee body. act
ing by majority vote and limiting the
power to vote on any stocks standing in
the name of the trustees to four months
from the date of action-March 81