West Virginia daily oil review. [volume] (Sistersville, W. Va.) 1894-1902, 1902-02-07
LAST YEARs's BENEFAcTIoNs.

| AnOA~ ShoA ROsSoOyeO
In public benefactions, and he has
made good beginning this year
by offering S., 900, 900 to Harvard
university. conditions on the rising
of half that amount among other
friends of the institution. This Is
large bene6cence, but 1t is only in
keeping with the progress of the
age in this respect The total ben
efactions last year, so far as made
public, amounted to $Io7, 100000,
Or rearly twice as much as the best
previous year, which was $62,75o,-
900. Public Ledger.
The above comes to the oil pro-
ducers whose product has been re-
duced In price In the shape of glad
tidings. Dan O'Day's bumpers
should shout and dance with joy to
learn that they have for the custo
dian of their wealth, such saint
like person of such charitable char
acteristics as John D. Rockefeller.
Last year this sanity man distribu.
ted more than $500, ooo to public
benefactions and this year he be-
gins by giving $1,000 goo to
Harvard university. He may
we'll donate most literally this
year as his policy of flch-
Ing from the oil producers will
certainly enable him TO continue
his public benefactions. 1t requires
but little figuring to arrive at the
amount of the last "holdup' per-
petrated by Saint John and his de-
ciples In loot. Fifteen cents bar
rel reduction In the price for Penn
sylgania oil and the reduction In
the price for Ohio and Indiana oil
means about $4,000. monthly OF
something like at the rate of S., o4o,-
900. year taken from the income
of the oil producers. If
the public Ledger" and other
papers so prodigal in their plaud.
its of the alleged charitable acts OF
John D Rockefeller and his disci-
pies would investigate the means
whereby these rich men accumulate
their wealth they, like many others,
would arrive at the conclusion that
In reality Rockefeller's donations
are but cheap bids to help him pass
through the needles eye.
$40, 600, 900 In dividends is the
amount of the last quarter on
Standard Trust stock end yet the
markets of the world justified" a
reduction of IS cents In the price
for credit balances.
No one has heard of the Mag.
mates of the Pure Oil Co. donating
to Universities and colleges. These
imitators of Standard Oil methods
have much to learn.
1t Is scarcely probable that 10.
seph Seep Is filled with remorse
over the knowledge that Standard
OIL dividends are not decreased and
yet 1t must be that the discovery
that his famous promise to pay pro
ducers prices justified In the mar
kets of the world" seems highly
inconsistent With the enormous
dividends being paid by the
great Trust he represents
would give him a qualm of con-
science that would render his slum
bers somewhat uneasy.
Thousands upon thousands OF
acres of prospective oil territory has
been tested and condemned in West
Virginia during the past year, while
scarcely any OF value has been adj
ded to the old fields. With all due
respect TO the biologists who chase
anticlinals, syuclinals, arches, sinks,
ETC.. the fact remains that the lack
of discoveries of new territory has
demonstrated their theories of lit.
tie value. The drill Is fast deter.
mining the existence of the Ter
miual Moraiu.