Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1900-11-02
Scott Has Shocked Them.


A dispatch from Washington to the Bal
timore Sun, dated October %, says:
The following telegram has been received
at the Democratic Congressional Commit.
tees headquarters in this city:
New York, October 81, 1900.
Hon. Jas. Kerr, Secretary Democratic Ma.
tional Committee, Washington, d. c.:
At dinner last evening at the Fifth Ave.
nue. Hotel, this city, to Roosevelt, Odell, can.
didate for Governor, and other prominent
Republicans being present, Senator Scott, of
West Virginia, member OF the Republican
National Committee, in charge of the East
ern headquarters, in his speech declared In
favor OF trusts His words were:
fright here want to say that believe In
trusts; they are good thing. The Standard
Oil Company put in its pipe lines to all the
small towns where oil is produced, and If Il
was not for the Standard Oil Company this
prosperity that we have would not be there
to-day"
Seeing the CONSERVATION his remarks
created, Senator Scott turned to the only
newspaper reporter present, |. Ii. lie Veen,
representing the New York City News
Bureau, who officially reported the remarks,
and added:
"lf that newspaper man puts that down
I'll make trouble for him."
Frantic efforts were made by those pres.
ent to suppress this statement.
VIM j. STONE,
Vice Chairman OF the Democratic National
Committee.
JAMES ID. RICHARDSON,
Chairman Democratic National Congress
sional Committee.
1t is felt here that Senator SCOTS praise
of the Standard Oil Trust, while, perhaps,
it is merited from Republican point OF
view, is untimely, to say the least. Repub-
lican leaders cannot conceal their shock at
his remarks and his impetuous attempt to
prevent their publication.
The Standard Oil Trust, aside from being
the most gigantic and powerful OF all trusts,
is, with the exception of the Sugar Trust
the only one to which all persons In this
country are required to pay tribute. Its
products are used daily, directly or indirect
ly, by every man, woman and child in the
United States, and sufficient revenue is
enable the com any to pay 80 per cent divi.
dends on its 800, 900 900 capital.
Senator Scott and his friends who are
holders of Standard OIL Trust certificates
may well regard the company IA the source
of their prosperity, but every one elsA on
whose oil lamp To trus, ..,.os tax, as IN.
just as 1t is arbitrary, will DO inclined 10 be-
lieve they would ba better off If the trust
had never been organized As almost all Of
the Standard Oil stock is in the hands of a
few persons, 1t is within the bounds Of rea-
son to believe that with the present divl-
dends the stockholders in this company may,
within lew years, own controlling inter,
est in all important industrial com binations.
Leaving out the railroads and mines, the
total value of all the stocks quoted at the
New York stock Exchange is a great deal
less than two billion dollars, a sum which,
under the present conditions. will be paid
in dividends TO Standard Oh stockholders
within the next 40 years. So that it is en-
tirely within the range of possibility that
with the dividends from this stock, added to
those from the other stock purchased from
time to time, the successors of Mr.. Rocke-
teller and his associates may, inside OF the
next half century, find themselves absolute
masters OF all American Industries except
railroads and banks. Through these they
cOnld control the railroads and banks, and
consequently the people themselves.
Perhaps Senator Scott, himself several
times a millionaire, cannot see the danger
in this possibility which is evident to all
poor men, who view with alarm the in
creasIng encroachment on their liberties by
the trusts