New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-09-10

He STRONGLY BELIEVES IN a NATIONAL
CORPORATION LAW.
MR. PHILLIPS REPLIES TO MIR ARcHBoLD. AID
DECLARES THE PURE OIL COMPANY
is NOT A TRUST

washington S,I" - =, ID, .,,,, ,ho
,-.,, r,r,.at. c-,.,.., o,. - -. branches
- the standard OF co,npanv. on the stand He
s,i1 no had consulted with Mr. Archhold before
.. latter mad, his statement and that Do fully
,,r.,,rr.i 81, an that If, Ar,hhold had said Ho.
M n, ,~lh,,la f.,,r.d "a N,tioral ,ornoration
,",, ~. g., ~. ,,orss. oo.b ~, tho cornorations and
h' ,o,,,a ~. 1,roe and he Thought MAT n the
1-,,d c.o,o nc 20 a.bi.re IT'S loeitr,at, destiny
&c ,r,,,,.r,i,l ,,,,cr th. Constitution should be
,1 ~ 49,. ,.s,.o, Referring ~ t,o over
s,oi,7,,io,, - oo,onar,oe No. said IL was a mat
| t $780,, - r - ,,e,f h.csrso tho
'''". ''1 ., ..[. ,,,.,. ,o',a .,,
,.,,, ~ H., 49, toit.,. 10, ,s.rioti,o
pay =" '.''O''D ~ '- 49,, -, can,
,N'''''.o' 49,. .',,l, .,1
'"y5 ~ s",.' 50 ,,...,co
""r'u "V 80 , CO..
W. s,t1 g., r.,,,. -, ,,,o.,,ors from, Mr. Phinfps
, .
'h"' 'he N"'oh'I transit o"l""l 'NS'S ',''' "
special charter from the state OF Pennsy Nania'
and that this charter was very liberal IN rs pro-
W ' ' W
..Whst did van nav for go, the chairman asked.
. h,,h A., p. ,,iia
10 VIM" WI ''s''' I'P"'"'
Il don't know the exact amount. bar as j. is a
good thing have no doubt TIN, owner Of II did not
~ " !" "'''o"' b''""t t''I F'',' 'p' d"
Mr. Rogers stated that the STANDARD price 1or
barrel and he considered this very reasonable. not
withstanding Mr Phillips contenicd that cents
vas Sufficient
MR. PHILLIPS MAKES 4 REPLY
-, n,,,,, , -, , . g., ,,,,,
al "''"PS, e-0""' mo-" y" ''1 d.,
TOOK 'ae S'"nu anu ""rg S,"'o"',' III 'S D1''"'.
-. nepy roai,r nm .y,,,a..t,, 80 hi,
connection win the pure oil COMPANY. He said
49, - t -, .,,f.s. a.. ,,,,.ct,o, with This
-. a ,ho ,,,., 80 j., w.. ~ Combine
s.v.raI interests In the same company This com
,,r,.,, t oor,enda1 has 81 fraction over one.
PAM ne , . 80,
nan Oh llS s'"'h III N'r 9'"r' "a ''-''S '''
being charged with the sole duty OF elect
,ho,r s.oclhldors ,et having no right 70 manage
, l''i sue N''o'ne's 60 "''''' %" ''7''
lie then proceeded to give the for this
organization in this form. which. he declared was
for the purpose Of Keeping the STANDARD company
~ ,, 1921 .fror,s - o., T., ,for ,b. ,,.,,se
~ S"lU' Se'''"i W
Of comprising the destruction Of the Pure on com
pany and securing Information lnat word ead 10
the destruction OF the in9 eprlreut movement, ,
ntSsion' Of the Independent companies bad cost
about $50" In money ana nuch I'm. ana lau9r
Standard OH Trust 10 iorce llsel lnio ihese IN
a alst b Iii ~ AN the ndependcnt members #
was thought wise IN the organization OF me Pure
Oh Company 10 nave al least nan q" ~ SOCK I4i
loyalty TO the independent interests ne PURE OH
sr, ~ nr0renf m6noroiy and pr@servc conl1eti-
, IT, r. ~, o,,r, az ,SStry NIr Arohhold vas
therefore incorrect in stating that the Pure oil
Company IS a trust or that any 81 The independent
producers or renners are members OF a trust I'm
| he obnoxious sense in which that word IS under
Stood meaning MONOPOLY"
...,,. 500. ,.,,,.,.,,.,
......,.., ....,
,. a. p,I,,,ns s-td tho dt,idends ~ thar cam
r.. Mould chou, without regard to the surplus
| r""' .., ,~a ,.roe, %, .vor, nar-
49,, ,n,, ,h.,. ,,ai1 3D.. ,.r,.
~ VI ~" '",' ''
| Queer for u 49,. e., e, ,ros,od e. a. nor-
He estimated that the proH,S dtelaheu q " ga
| rel and that In the aggregate tAey """""''" ~
| about SJp.WD.vO
Mr. Phillips admitted that some iouI or nNe
| years ago he had called upon the STANDARD com