The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-09-09


propositions and you dare not deny It,"
A. ms point tho committees became in
yolNcd In dispute as to how far personalities
between the witnesses and the members Of
the committee should be permitted the at
or some lime 10 s naeE Gs n
Phillips and the pur. OH COMPANY Several
members directed 70 Mr.. Archibod purs ung
animated that It was proposed 10 20 into e1
scutiye session for the bnrpose Of settling the
believe 1t Is unfair TO INTRODUCE Mr. Phil
liEs's name. The testimony Of .lr lie" was
not against individuals. and tho testimony by
ne standard oil COMPANY should - against
the company represented by Lee and not
Mr.. Arrnboid then read what no termed "a
Rencra statement which was as follows:
MG. AnctroLDs STATEMENT.
TRUSTS. or, speaking correct ~. large rorpo-
Iations, arc the necessary, indeed the irreslst-
ible result o: our rapidly growing commerce.
ample Of that greatest Of all commercial ma,
tons. England, under whose commercial
tcay unmitsd Any my" 'H eHsq'yc ''% re-
strictions imposed, here would operate
cial competitors. The claim that such re-.
striction would help the weak and incomiet ent
OF our country as against the strong and az
Rressirr. IL too pGeril" to call Tor serious an
swer. | speak to-day especially III defence Of
the aggregation OF capital and experience in
the petroleum business. on the ground Of its
aDso ute necessity tor tho successful develop
ment and promotion Of that business. am
ganization, also on economic and ethical
grounds; Not to indulge IN undue length. |
in support of my POSITION. which may serve as
texts for more extended discussion. II You
should so desire.
The early years Of tho petroleum industry
were marked by chaotic condition o: all
branches OF the trade -namely the production.
manu- acture. transportation and mark ctlnE-
and tho average quality OF the refine products
was inferior and unsatiSfarrorr Fh" advent Of
the standard oil Company aRgreEat o change
this entirely. 1t brought to the hu-lncss am
pie captal, aud combined INTO elective work
OF tho business, it improved Guallty and
greatly re ,urcd costs 1t suppIaited old and
inferior methods and rrlineries with the new
est and most Progressive methods and most
perfectly equipped and iaS"rabiv located re-
inerIr5 1t has been ever on tue alert 10 en-
gage the best obtainabc practical and tech
meal talent Tor the development and improve
mTent Of tn" business in all its branches.
Queer the mos, efficient possible service at
cash market Tor his product. on II basis Of the
best price obtainahle III the worlds markets
ttu ,I T. reached out and ocenpied the mar
Individual EFFORT could not have accom- shed
any such herculean task in many times the
standard on COMPANY were mono too quickly
made. Il there had been as prompt and ensr-
dustry as was taken by the standard oil Com
pany, me RnsStans would have dominated the
ure 40 largely to the benefit OF the American
oil industry.
Later, in the history of he trade Russia and
other oil PRODUCING countries followed in the |
footsteps OF tue STANDARD Oil Company IN tho |
general markets Of the world. and / hand you |
oil com pa MES Of Russia. the Dutch East Indies, |
Galicia. japan and other countries which will |
give you some faint idea Of the menace
which even now threatens the American
oil industry. and whom YOU reflect. gentlemen. !
that there has been brought into this cOuntry !
liz q Y
ton OF petroeum and ITS products nearly
preciate the Importance of rms subject.
, 1t is true beyond question thar the result to
the public, OF the operations Of the standard OH
hurtlul. rs its enemies claim. As has been
already stated. it has given tho public goods OF
price It has. by ' its eiiective i've" system aUT Il
supplied this most necessary
and cheaply to The most remote sections OF our
country. and. indeed. to the world. Beyond all
this however. it has given to the community
business itself. which 1t never could have had
nndsr the %d ~, syse Ihns there today
5000. where less than one: twentieth OF that
ncrs under the Old system. 1t has been most
beneficial in its effects on labor. There could
its vast Has Been We pa se
than lies in the statement that for
H,orid than IA quarter OF century; since the
strike Of any Kind among ' any f branch
strikes among some special classes Of WORK.
men in sympathy with other labor organizn-
disturbances. Indeed II 10 not too IN UGH 10 say
that to the loyalty. zeal aud intelligence OF its
a. ;n 20 O9o employees the company i, large
unhesitatinGIy express the opinion that
when tbs history Of our time is written. it will
dustrlal evolution which We are experiencing
In this great country during the year 1880
to be o! immense valua 10 all elias ,rs
consumer P and the abo RE WIFI ali 'bbss
benefited by 1.-THE investor by tie
t%t r, security which arises through amp:
tude OF capital for the business contemplated
and the ombination Of talent in the various
drs h of administration in business.
resulting in better products at lower prices
f an mofs ocLeHt distribution. The laborer;
a better opportunity for i'm provement in con
dittla2n. II special talent is shown.
tons ne Soe 0ut cry Gsntlemen' AGAINST CORPORA
austrl9l classes. hut from impractical sent-
mental mental yellow Journals and political dema-
any other. It is a ycritablc attack on thrift
s enfs prosperity 70 listen to their voice to the
would mean irshifuI step backward In in the thu,
nero deysorment OF our country.
II you should ask me. gentlemen, what leg
islation can be proposed to improve the pres
Ont condition. answer that the next great
ana, 70 my mind. inevitable step OF progroes in
the direction OF our commercial development
lies ~ the direction OF national or 10 leraI cor
porstions: II such corporations should be
made possible under such fair restrictions and
provisions as should riRhtfully attach to them.
any Drancn or business could be freely entered
upon by all Corners and the talk OF monopo,y
would be forever done away with Our present |,
system OF state corporations, almost as varied
IN their PROVISIONS as the number OF states, il
VeXatious alike to the business community and
to to me authorities Of the various states Such
FEDERAL action need not take away from tha
state It's right to taxation or police
regulation, but would make it possible
lot business organizations to know
the general terms on which they could
conquct their business in tine country at large
Lack Of uniiormityn the laws of the various
states as affecting business corporations is one
OF IL me most veSatious TEXTURES attending tho
business li!c OF any great corporation to-day
ana SlESeSt Tor your most careful cOnslIAra-
tlon the thought of a federal corporation law"
MT ArrhDOId then Resumed his Testimony
hui had not proceeded far when his rhnrac
terlIation of one Of Mr. Lees statements ns
untrue untrue amt ne knows IT,. brought from Rep
Tesehtatlye LIVINGSTON, ofGeorgia, u sharp re-
muk", such language. said Mr.. Livingston
should not TO tolerated Ivy the Commissinn
added rather Iointcdly: III YOU made that
statement about some people in his room Won |