The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1906-11-24

through secret and unpublished rates,
both interstate and intrastate, and by
rebates, concessions, and preferences
granted to the Standard Oil company
and its subsidiary corporations.
The bill goes into the details OF
many Of these rates. and shows a sys-
tematic discrimination, substantially
all over the United States, SO that
rates from Standard shipping pc Is
are much lower. for the same distance
proportionately and per OF per mile.
than from shipping points OF inde-
pendent competing concerns. These
differences in most instances amount
to more than a reasonable profit upon
the oil.
Some Sample Determinations.
The regular published rate from
Whiting, Ind, to Evansville, Ind,
through Illinois, for instance, was IL
cents per hundred pounds. Most OF
the oil shipped by the Standard COM
pany was shipped at 81 cents and
6 cents per hundred pounds. The
Standard had a rate from Whiting.
Ind, to Grand Junction, Tenn, OF Is
cents per hundred pounds, and large
quantities OF oil were distributed from
Grand Junction all over this southern
territory on secret rates which never
we're published, as required by law,
or filed with the interstate commerce
commission.
The NnffffDp oIIn0nC fhnf for NOM
ten years prior to 1905 secret and I'M
published rates were made from
Whiting, Ind, to East st. Louis, OF 6.
81 and 6H cents ON the various rail-
roads, which oil was destined to St
Louis and to a large territory south
and southwest Of those points, while
The regular published rate was Ii
cents per hundred pounds.
How They Control Railroads.
1t Is alleged that the individual de-
PENDANTS and other individuals associa-
ted with them and interested with
them in the Standard Oil trust have
acquired large interests in the stocks
Of the principal railroads OF the
United States and have caused them.
selves to be elected or have caused
other persons acting In their interest
to be elected as members of the boards
of directors of such railroads. BY rea-
son of such ownership and representa-
ton on the boards Of directors OF
such railroads the individual defend
ants have Influenced the railroads to
establish and maintain the discrimina-
tory rates.
Among the railroads In which the
defendants are interested and upon
the boards of directors Of which they
have representation together with
the names of directors) are the fol.
lowing:
William Rockefeller - Central New
England; Chicago, Milwaukee & St
Paul; Delaware, Lackawanna and
Western; Lake Shore and Michigan
Southern; Michigan Central; New
York Central; New York, Chicago
and st. Louis; New York, New
= Haven and Hartford; New York.
Ontario and Western; New York
and Ottawa; Pittsburg and Lake
Erie; Rutland.
Henry n. Rogers-Santa Fe, Chicago.
Milwaukee and ST. Paul; Union
Pacific.
Charles M. Pratt-BOSton and Maine.
Evansville and Terre Haute; Long
Island.
Henry M. FIagler-Florida East Coast.
John D. Rockefeller, Jr.-Delaware,
Lackawanna and Western; Missouri
Pacific.
William G. Rockefeller-Union Pacific.
n. Clay Pierce-Kansas City Southern,
st. Louis and San Francisco.
C. w. MISUNDERSTANDING. Milwaukee
and st. Paul.
r. r. Gates-Missouri Pacific, Wiscon.
sin Central.
The petition then recites the Stand
ard trusts monopoly of the sale OF
lubricating oils to railroads. its unfair
methods Of competition in the cutting
of local prices, the formation Of bogus
independent companies, the payment
of rebates on oil prices, and the divis-
ion Of territory.
Tells of Stupendous Profits.
It is alleged that by reason Of its
monopoly the Standard Oil company
has made enormous and unreasonable
| profits on the actual value of its prop.
| erty; that the trustees valuation OF
| all the property and stocks placed In
| their hands in 1882 was $55.7 no. 69S.24.
The additional property purchased or
| acquired by the issue of trust certif-
| Gates was 1890 100. so that the total
value of all property controlled by the
| Standard Oil company of New Jersey,
| except such as may have been pur.
| chased from earnings, is 500. 020, 1924,
| according to their own valuation.
Upon this capital tie Standard has
from 1882 to 1895. inclusive. paid
$512, $40, 0S4.50 of dividends, and has
! created a large surplus-the exact sur
| plus the petitioner is unable to state.
because the Standard has not pub.
lished any statements since 1896. But
from 1882 to 1896 its surplus, accord.
ing to its own statements, was $751;
536,025.14, and 1t is alleged that its
nronortv Of tho rrocopt firoo ovooodo