Connecticut western news., 1892-03-24
ENDOFTHE OILTRUST
THE STANDARD MONOPOLY VOTES
 IN FAVOR OF DISSOLUTION. Q,

THE STANDARD MONOPOLY VOTES
 IN FAVOR OF DISSOLUTION. Q, Its Affairs to Re Wound Up by . Com
 mittss Headed by the Rockefellers and
 Flaxlsr-The Dissolution Is Said te Be
 Good for the Big Stockholders.
 NEW YORK, March The greatest and nost profitable of all trusts-the Standard Oil-controlling seven great companies in seven states, and having paid 12 per cent dividends per annum since January, 1884 on s95, ,OOO, 900 capital, was dissolved yesterday lin deference to the popular oVfcry against trusts"-its directors said. This gigantic and secret corporation, whoee methods have always been 8 mystery, has prospered by centralixation of vast power and by the brilliant ability of its foremost managers- John D. Rockefeller and J. W. Archibald.
 The product of the trust has never been protected by the tariff. Its success has shown how a trust could thrive under freest trade. The trustees dissolved" at noon at 26 Broadway.
 John D. Rockefeller, the president of the trust, presided, and J. D. Archibald acted as secretary Henry M. Flagler, the score tary, was absent from the city. Two hun dred and fifty stockholders were present and 75O,OOO out of 900, LOO shares of stock were voted The absentees besides MT. Flagler were William Rockefeller and Ben jamin Brewster. The vote to dissolve the trust was unanimous. '-
 The resolutions provided that the affair of the trust shall be wound up by John D. Rockefeller, Henry M. Flagler, William Rockefeller, John D. Archibald, Benjamin Brewster, Henry H. Rogers, Wesley H. Til ford and G. B. Jennings and the survivor of them in the following manner;.
 The Manner of Dissolution.
 The property held by said trust, except ths stock of corporation, shall be sold by said trus tees at private sale and the proceeds thereof, to gether with any moneys belonging to the trust shall be distributed to the owners of trust csr. tifcates according to their respective tnterests All stocks of corporations held in trust, a1 evidenced by said trust certificates; that b tc say, each owner of trust certificates or certif cates for cancellation arc to receive in lieu thereof an assignment of many shares or fraction of shares in each ol the corporations whose stocks arc held in the said trust as he Is entitled to by virtue of said certificate or certificates, 1t being ths intent and meaning of the resolution that the equitable interests in said stocks represented by trust certificates may thus on demand b< converted into local interests represented by assignments and transfers of said stocn by said trustees to the parties entitled thereto which transfers and assignments may be en tered on the books of the several corporations upon the demand of the holders of such asstgn ments thereby merging or converting eQutt able ownership into legal ownership In said stocks
 All purchases, sales, exchanges and cancellA | tions of stocks, or agreements therefor exc cuted or executory, made by the trustees dur ing the existence of the trust, and all assets by said trustees stockholders to purchases | sales and exchanges of corporate property and | to the formation and winding up Of corpora | tions and all other acts of the said trustees | during the existence of tho trust, are hereby | ratified and confirmed.
 The resolutions were seconded by Alex ander E. Orr. Solicitor Dood said after th< meeting adjourned that it will require about | four months for the trust to hQuidate. Ths | stock of the companies which formed ths | trust is all owned or controlled by the meI | who were trustees of the trust, and aftel | the liquidation the business will be con ducted in precisely the same manner as it | now. The only difference will be the com | panies individually will control their owI affairs, but as they are all owned by th, same men they will act of course in har mony. The stock of the companies will b, | increased
 Good for the Big Stockholders. Part of the,proposed increase in capitahz Ation will be made in the following eompa nies: The Standard Oil company, of New York, raised from 5,0OO, 900 to s7, 0OO, 900 | the Standard Oil company, of New Jersey l 100000 to SIC, ,00O, 900; the Atlantic Rein ing company, of Philadelphia, $500 ,00O t, q, ,000, 900; the Standard Oil company, O Indiana, $500, 900 to q, ,000, 900. Where tn, other increases will be made is not yet de | cided. Of the thirty companies now in tn, trust, ten or twelve, all refining companies will be wiped out, and their capital trans ferred to other companies. Among thos which the officials say have outhvsd thei usefulness are the Pratt Manufacturfn, company, of Brooklyn; the Some & Fleminl company, of New York; the Atlas Re fning company, of Buffalo; the Mix Oi company, of Cleveland, and the Acme Oi company. The Macksburg and the Con meeting Pipe Line companies, of Ohio, vii
 be merged in the Buckeye company. Tn
 Standard Oil company, of Kentucky, vii
 south and southwest.
 The only comment which Wall street ha.
 to offer on the action of the stockholder
 was to point out that it seemed likely tha
 the dissolution of the trust would only serv
 to tighten the hold of the few large stock
 holders in the various properties, inasmucl l as the smaller holders, on receiving thei
 holdings back in fractional lots, would prob
 ably, because their holdings were in tha
 condition, be anxious to sell out rather tha, | bother with property in such shane