The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-02-09
Attorney General and the Waters-Pierce Oil
Company.
he ACCUSED OF BEING A BIG TRUST
-,nches Members of the Standard Oil Company.
D'' competition in Oil Products Rendered
Impossible.


den, Warden, Frew & Co., Louise c.
wheaton, Julia II. York Geo. II. Villas, NJ.
II. Keith. Geo. T.. Chester trustee.
Also, all such individuals MS may here
after join in this agreement at the request
of the trustees herein provided for.
3. portion of the stockholders and
members Of the follpwln. corporations and
limited partners hips, to-wlt:
American Lubricating on company. Bal
timore United on company. Beacon OH
company. Bush e Denslow Manufacturing
company Central Refining company. Of
Pittsburg; Chesobrough Manufacturing
comnauy. Chess Carley company Consoli-
dated Tank Line company, Inland oil COM
rany. Keystone Refining company, Nav
erck Oh company. National Transit COM
pany. Portland Kerosene Oil company
Producers Consolidated Land and Petro-
leum company, Signal oil Works, limited;
Thompson & Bedford company limited:
Devoc Manufacturing company, Eclipse
Lubricatng OIL company limited, Empire
Rotining company, limited Franklin Pipe
company, limited; Galena OH Works. lin
tied; Galena Farm oil company, limited;
Gormania Mining company, Vacuum Oil
company, H. c. Van Tine n Co. limited;
Waters-Pierce Oil company.
Also, stockholders and members mot be
ing all thereof Of other corporations and
limited partnerships who may hereafter
join in this agreement at fine request Of
the trustees herein provided for
II. The parties hereto do covenant and
agree to and with each other each in con-
Siderauon of the mutual covenants and
agreements of the others, as follows:
| i. AS soon as practicable a corporation
/ shall be formed in each OF the following
States under the laws thereof to-wit:
| Ohio. New York, PENNSYLVANIA and New
Jersey: provided however. that instead of
organizing new corporation, any existing
! charter and organization may be used for
| the purpose when 1t can advantageously
| he done.
?. The purposes and powers of said cor
| poraton shall he to mine FOR. produce,
manufacture, refine and deal In petroleum
and all its products and all the materials
used in such businesses, and transact
! other business collateral thereto. But
other purposes and powers shall he en-
| braced in the several charters, such as
shall seem expedient to the parties pro-
curing the charter, or, II necessary to
! comply with the law, the powers aforesaid
may be restricted and reduced
3. At any time hereafter, when It may
seem advisable to the trustees herein pro.
| vded for. similar corporations may be
| formed In other States and Territories.
4. Each of said corporations shall b.
known as the Standard on company Of
---- (and here shall follow the name
of the State or Territory by virtue of tbs
laws of which said corporation Is organ.
ized).
8. The capital stock Of each Of said cor.
porations shall be fixed az such an amount
as may seem necessary and advisable U
the parties organizing the same in view OF
the purpose to he accomplish ed
C. The shares Of stock Of each OF sale
corporations shall be- issued only FOR
money, property or assets equal at fan
valuation to the PAR value Of the stock
delivered therefor.
Z All Of the property, real and personal
assets and business OF each and all of I'll,
corporations and limited partnerships men
toned or embraced In class first shall b,
transferred to and vested in the sevcra
Standard oil companies. All Of the prop
erty. assets and business in. or of eacl
particular State shall he transferred &
and vested in the Standard oil company
Of that particular State, and in order 4
p .-complish such purpose the directors an,
managers of each and all of the sevcra
= corporations and limited partnership
mentioned In class first are hereby an
, thorized and directed by the stockholder
and members thereof tall of them beini
parties to this agreement to sell, assign
4 transfer convey and make over FOR III
q consideration hereinafter mentioned, 4
, the STANDARD Oil company or companie
of the proper state or States as SION q
I said corporations are organized and read
n to receive me same, All lHt property lSf'
A and personal assets and business of sal
. corporations and limited partnerships
Correct schedules of slch property, asset
and business shall accompany each trans
= fer.
s The individuals embraced in elias
A second If this agreement do each 10
. | himself agree, for the consideration mere
!. matter mentioned to sell, assign transfer
l. convey and set over all the properly, rea
Il and personal assets and business mer
: toned and embraced In schedules accom-
a pnnying each sale and transfer to IN
a Standard on company or companies oil IN
nroner State or States az soon as the sal
9 corporations are organized anu rt"u3
! receive the same,
o The parties embraced I'm class thir
), ~ this agreement do covenant and ag7t
a to assign and transfer all Of the stock hel
by them In the corporations or INIT
" partnerships herein named 10 the truSte'
= herein provided for. for the conS't - 90
and upon the terms hereinafter set torli
IT Is understood and agreed that the sa'
Is trustees and their successors may hereS
=. tor talte the assignment of stocks IN u
sarne or similar companies upon the TERN
. therein provided. and that whenever an. .
often as all the stocks OF any cp.pll"t.'
ii ~ limited partnership are Vestcu III 81
trustaas the pr9por steps may then
- ,aI,.n to have all the money property. re
and personal, OF such corporation or pa,
e. nership assigned and conveyed 10 =. u
& standard on company OF the proper Sua
NJ ON the terms and in the mode herein :
forth In which event the trustees sha
Il receive stocks OF the STANDARD on col
:. NAMES equal to the value Of the none
Il. rrorer,v and business assigned, TO he ne
-, in nIace Of the stocks of the company
companies assigning such property
y. 10. The consideration for the trahs'
,g and conveyance OF the money proper
and business aforesaid TO each or any
rs the standard oil companies shall be SO
r. Of the respective Standard OIL company
e. which said transfer or conveyance Is ma
equal AT par value TO the appraised va
Of the money, property ana pusl'l'sS
de transferred Said stock shall be aenYe'
~ +, the trustee hereinafter provided
rs. and their successors. and no stock oil d
". said companies shall ever be issued exec
S. Tor money, priority or business eqoa'
= ,,s, ~ the mar value Of the stock so