The Penn's Grove record., 1900-08-10
MILLIONS IN DIVIDENDS.
The Enormous Earnings Of the Stand
ard Oil Trust This Year.
ROCKEFELLER GETS $l2, 900, 900.

This OIL Trust Declares . Dividend Of
Eight Per Cent.-ss.oo0,oeo VIII Be
distributed Among the Stockholders
John D.. Rockefeller's share Of the
Pronts-Hs Resolves e1e4,sss . Day.
New York City (SpeciaD.-The Stan
dard Oil Company of New Jersey, the
Standard Oil Trust, has declared a div
idend Of eight per cent. on the capital
stock OF $1O0.O00.0OO. This is the
third dividend to be declared this year.
The first dividend was paid on March
10, OF twenty per cent; the second on
June 70. Of ten per cent, and the
third will be paid September Is. This
makes q total since March, 1899. Of
seyenty-one per cent, or about Sill
100000. or more than two-thirds Of
3 capital of almost 500, OOO,O OO. And
It IS expected that n more quarterly
dividend will be paid.
Some persons thought that ten per
cent. would have been declared had
It not been for the Bayonne fire, that
cost about $1,5O0.000. That fire was
disregarded by the Standard Oil man
ayers. The loss Of one or two mill
ions of dollars was expected. The
company does not insure It's property,
but sets aside so much of it's earnings
to pay fire losses. Dividends are dis
tributed regardless of the profit or
loss in that account.
The wealth Of John D. Rockefeller,
president of the Standard Oil Com
pany. Is growing at a ate incompre-
hensible to the average mind. He is
being submerged in his downpour of
riches. He could not dodge the
steady, persistent influx of. wealth If
he wished. Every instant the clock
ticks off q second, day and night, Sun
days and holidays, he gets more
money than the average nan earns in
q week..
He owns thirty-one per cent. of the
capital stock of the Standard OIL Com
pany of New Jersey. This is merely
the parent corporation Of the innum-
cradle subsidiary companies which
compose the trust. Each of these COM
panies makes its own profits and the
trust gets its share from the owner
ship Of stock in them.
The trust owns ffty-oHe per cent. of
the stock Of all these subsidiary COM
panies, and 1t has made $3S,OOO,OOO so
far this year out of that ownership.
The remaining forty-nine per cent. OF
the stock Of the subsidiary companies
Is owned by John D. Rockefeller out
right In addition to his thirty-one per
cent interest in the parent corpora
ton.
His share OF the dividends so far
declared this year by the parent trust
IS N1,780.O00. His forty-Hine per
cent. share OF the profits Of the sub
sidiary companies is $36,51O,O0O max
ing In all $48.20O.0O0 that he has re-
ceived Sc far this year from his inter-
ests in oil.
But this mans wealth is SO great
that the oil indstry. immense as it is,
is not large enough to employ his
riches. He owns an interest In In
Vulnerable railroads, banks, insurance
and trust companies, mining orpora-
tions and Industrial enterprises.
His Investments in these
tons will bring his total income this
year up to at least $60. 600, GOO, and
perhaps to $75,OOO,O0O. Based upon
$60,O00,00O his daily income for every
n Of the 800 days in the year is
$164 1888, one-fourth of which would
be deemed an independent fortune by
the average family.