The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1900-09-13
THE YAKIMA HERALD.
TIT URSDAY. SEPT 10, 1900.
STANDARD OIL MONOPOLY.

! Privilege
! Here are some facts to consider: In
April. 1900, the New York Journal said !:
The Standard Oil Company was or.
ganized IN 1879 with capital Of 81 ,000,-
600 II has Just distributed quarterly
dividend in cash and script OF $23 200, 900,
representing an annual profit of $92 000,-
600 But even il we admit that the last
dividend is exceptional, the actual re-
turns for nine months show that the
Standard Oil profits for the current fiscal
year can hardly fall below $50 900, 900.
There was dividend three months ago Of
$40 ,0O0, 900. and one three months before
that OF s.. 100000"
The promoter and principal owner OF
this company is John D. Rockefeller.
The public has come to know this trust
magnste rs our richest man, but the vast
extent of his wealth is only recently COM
ing to light.
The Chicago Tribune, Republican
paper, on May .. 1900. had this to say
on the subject:
John d. Rockefeller owns individually
$3l 900 900 of the stock of the Standard
Oil Company. His fortune will therefore
be augmented by $500, 900 as result of
the action taken today by the board Of
directors.
"Since January ., John d. Rockefeller
has drawn dividends aggregating $l2 AGO.
600. This, however, is only small por-
ton Of the amount to which Mr. Rookie
Teller has been entitled by reason to the
earnings OF the Standard Oil Company.
The company owns only 81 per cent
Of its many subsidiary companies. Mr..
Rockefeller owns the other ~ per cent.
| His total income, therefore. from all
4 sources allied with the Standard Oil Com
pany has been since January +, 1900, s24, :
900 900.
Including the dividend declared today
/ the Standard Oil Company has since 1852
distributed to its stockholders dividends
sgeregating $50 go, 900.
Two more quarterly dividends will be
paid this year. These are variously es
/ timated at from 10 per cent each up to
% Per cent each. II is generally regard
ed as certain that the dividend this yesr
4 Will not be less than 50 per cent.
1T is estimated that Mr. Rockefeller S
dividends from all sources will this year
amount to SIS, o00, 900"
/ According to this, Mr.. Rockefeller's
4 income represents the interest on one and
half billion dollars invested al per
/ cent interest, or two and one half billions
at per cent.
+ II We are 70 estimate mans riches by
his revenues. Rockefeller is easily a bill
iouare today. and as his dividends are re-
invested and compounded, ii he lives ten
years, he will be multi-hillionaire
JAY Gould made So ZOO, 900 in forty
wears and the world was sstounded, but
BOOKSELLERS yearly income is greater
than Gould's lifetime sccumulations
Il Hung Chang was thought to be the
richest man in the world. but his wealth
is estimated at only half a billion.
50 long as Rockefeller's monopoly is
let alone his exploiting power is equal to
the gathering power of interests on two
billions.
A fortune OF two billions OF dollars
Who can comprehend it,
Ii is more than the total annual i'm
ports and exports OF the United States
pn, together
1t is more than five times the assesse d
value If all the real estate in the city OF
+ Chicago. with lis two millions OF people
Il is one-fortieth Of the total estimated
value OF all the property. real and per-
sonsl, in the United States.
Il il more than 5 times the value OF our
entire aheat crop; times the value Of
our cotton crop aud 20 tines the value OF
onr tobacco crop.
Il Is times the average value of our
corn crop and timts the value of the
hay crop.
II is more than the estimated value OF
all the farming lands in the states of
Maine. New Hampshire, Vermont.
MssssC hnsetts, Connecticut, Rhode
Island. New Jersey. Delaware and Mary
land 81 put together.
How de the trusts get their iaoulons
wealth Rv monopoly, which rests upon
special privileges, that is, on favors
granted by !aw.
Without such fsvors the trusts could