The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-05-23
SCOOPED By THE STANDARD
The Tidegater Oil Company Now a
Part Of the Big Monopoly.

Agents of the Standard Here Arrang-
ing the Transfer-The Change to
Take Place June ia Majority of
the Stock Secured in New York and
the Local Minority Forced TO Ac-
quiesce-To Be Operated Under the
Old Name-The Deal Involves ST.
100000.
The Standard Oil Company. il is said,
has scooped the Tidewater Oil Company,
and is now sole master Of the oil output
of the world.
For several days rumors of the deal
have been in circulation in Savannah and
the MORNING NEWS endeavOred to secure
accurate information. Mr. J. w. Moore,
general manager of the Tidewater com
pany. declined either to deny or affirm
the story, and referred inquirers to Mr.
/. H. Barnes, one of the executive
officers This gentleman, while not at
tempting to deny the rumored deal,
evaded the question by saying the Tide
water company would continue business
as usual and that too much credence
should not be given to rumOrs.
The mercantile agencies were unable to
make any report in the matter, as the
officials denied the deal.
BIG SCOOP.
That the Standard has gobbled the
Tidewater, however, is now generally be-
heved. Those in position to know say it
is an absolute fact, and that the Tide
water company's headquarters here will
pass under the management Of the Stand
ard June Is. The new manager will be
nOf &c in, no oft
arranging the details of the transfer.
With him is Mr. E. B. Martin Of Louis
vile, one of the Standard oil magnates,
who represents the great monopoly in the
southern and southwestern districts.
The deal, it is understood, was con-
summated in New York by the securing of
President BurtOn's majority stock of the
Georgia company, which amounted to
$4,000. The balance of the stock was
owned by Mr. Eber Blodgett of this city.
vice president of the company, and Gen
eral Manager Moore.
BLoDGETF AND MoORE's INTEREST.
II footed up $4,000, but, of course. the
sale of the majority forced them to dis
pose of their interests. Not only has the
Standard secured control Of the Georgia
Tidewater Oil Company, but it is under
stood also the Tidewater Oil and Pipe
Line of New York, representing capital
OF - .uuO,UJU-
The Georgia company is a branch Of
the New York concern, incorporated sep
arately under the laws of this state with
a capital of 100000. 1t has branches in
Augusta, Atlanta, Charleston, Jackson
Vile, Wilmington and other cities of the
south, and has been a strong competitor
of the Standard throughout the south and
southeast for several years. In fact, it
almost ran the big concern out of the
field, and the Standard people set to
work Systematically to scoop it.
A LONG CHASE.
They began operations in this direction
last November. but it was only within the
last few days that they secured President
BurtOn's stock.
The Standard authorities, however, are
willy, and the statement made by Mr.
Barnes that the Tidewater company
would continue business as usual" was
correct as far as the name was concerned.
The intention, according to the best au-
thOrity, is TO retain the name.
It is understood that the Standard has
made an offer to Mr.. Blodgett TO remain
in charge of the Tidewater company, but
IL Is not known whether he will accept