The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-07-16
TRUST W)lL GIVE
NATION LESSON"
Standard Oil, Disgrrntlcd at AAc-
tivity 81 Administration, Plans
Movement In Rcprisal.
ATTACKING STOCK MARKET
Trade Stolidly Indifferent in'1liff.a 1T Over
Government Crop Report.
III The Hill Ore Deal.
STOCK MARKET

Government Crop Report.
\, The Hill Ore Deal.
(By w. G. Nicholas,)
NEW YORK, July 15.---NVnll. Street feels
That there Il no longer q doubt as to-
the market attitude OF the Standard aahl
party. b 5Leading III members ana repre-
sentutives 1T the Standard on group ie-S
Meet the disgruntlen1ent OF TINT powerful
element md make no concenlnent OF Stne
fnct2ttllatE II IL sore clear through on nc
count 81 tie crusade begun against It
sby Tie admministrntionTa at Washington. II
H. hard to beat d coordination Of brains
and money, and standard OIL commands
sboth@to an almost Sunlimlted extent. ~
"A very clearly the present purpose Or
standard 8OllSto! give the nation an op-3
s3ect 5lesson. Its first move mas. peen
lagAinst.ttie stock MARKET y fY 10 esi SET s
Ehn,,aes which have In the past been more
81: less closely identified with that m
tereaf Bnnd arc believeltnoW to be act
Ing for Il. Standard Oh Is agetuny it sth
" rone IL money. 1t always prepares FOR
UNI by@ providing ammunition in abund-
innce. standard Oil banks, which 2 rev
months ago were giving every enco VI
aRement to bull sentiment and Dull &C
aiion nave Stnke, the othside. they are are
Giscr,minatlnR against stocks which were
frealv accepted as &collhtoral II down g 70
snayerys s%hort&time gngo and their fore
m sts are colored O dark blue. aPartlcu-
iar,vfnrp & hey despondent over the po-5
'iitital outlook IN that quarter they see
nothing but harmful agitation ana O.
1Raunized assault upon the vested lnte e.
ests. They even see speo'trcs 81 anarcny
stalking through the land Mr.. Rogers
Il doing his best to teach EN-, damn !,
ar by which broad declaration he
apparently means that he is gong W.
rriIi the stock market and "sell ms MS
SSrat. so@ as to DO In readiness Tor ca
la%mity&wnen 1t shall confront \ MN a Ing
the country sss l.o5,S y: ...u, !, y
The cfreot OF standard OIL hostility Y g
prices i IL highly discouraging. ~ mas
served to create O rabid8 bearisi SEM
menlt IN the Street. and has quit up :
powerful bearlsh5 party, which embraces
700. thirds sof the great market leaders.
The list includes such y opera PERI
tors as James r. Keenes55Washington.l -,
connor. hoommas r. RyanSJames B.EDuke
SJohn8W, Gates and Harry Wier, IN add
70 q large and influential follow follow
ing. which usually knows the feeling az
% Broadway, the National City Bank
Kuhn, Loeb e. Company. Il tho seeds
sofgdisyttrust which are now being planted
~ Standard OilStake root In outside SOL
m. the form Of business land Industrial
depression. the Rockefeller party VIII pe
pleased, Is the belief current thr9ugnoul
the financial district, ai1dteit Will take axe
strong proof 70 e satisfy g g st ne Saa IS IS .@5
comes from q highly p
table source that the controlling interests
IN ,;st. Paul are holding, v their. plans
for building an extension to the Pacific
coast, that they may have time to con-
slider an orer from the Union Pacific 70
buy the property. ThiHTofrer was made
inst prior to the recent meeting OF the
st.#Paul directors, which was convened
to- Soflcial approval Ito arrangement
entered into sforStheE new con- con-
struction and equipment, which would en-
tail outlay Of approximately <5o,oOo. ~,
first and last. I
The senior. Rockefeller who areasin
.Fnrope. were communicated With and
word 4 q back thatEtt would be well
to give the proposition careful. considera-
Stion before proceeding further with
building plans.8tThea figure named In the
bid is not authoritatively stated, but It
ID above 200 for the capital stock, which
price was offered by j. Pierpont Morgan
nearly six years ago,$.and rejected. the
purchase 81 st. Paul for account OF
.Union-Paclno interests, Wltlegit might be
asgoods thing for St. Paul stockholders,
would sbe likely to exert q baleful IN
Nuence on the stock market. Wall Street
would be quite apt to look on the move
as a r%eopening OF the warfare between
the Hartman alliance on one side and
other, with tho Standard Oil Influence
backing up Hartman and his schemes
The Union Pacific autocrat has never
for al moment abandoned his purpose OF
Invading tho Hill terrltorytin the North
west The failure OF his effort to gain
possession OF Northern Pacific and Chi
cage, Burlington and Quincy was merely
"a setback. He never considered 1t q de-
feat. TITS not considered likely that def
mite action Efor9tho disposition fist Paul
will be taken before fall. although, In,
the absence OF tho Rockofellers, M.
James Stillman, who has returned to New
York. Ia quite qualified to represent them
In the deal especially as the oyershadow-
ing Mr.. Fl. II, Rogers WIN always be
at his elbow. Mr.. Jacob&H SohiN, ruling
soon be back to give aid and counsel to
Mr., Hartman. as the latter gentleman
may require. II the proposed deal goes
through, the Union Pacific milenge will
BIO increased from about Is, 900 miles TO
24.o0o miles. not counting Chicago and
Northwestern. which maybe counted on
as q close ally. VI
People arc trying toslnake a Joke out OF
i~theiJalnes ], Till ore deal sWlthfthe Steel.
Trust. They have heard so much about
this deal that they begin to be, very
skeptical. and IN mock seriousness go.
about inauiFing 5lf the ore beds referred
to have real exlstence, There la a Wooful
lack OF Information as to the exact
notes and bounds OF this ore body5and
Its valuei also Its ual2pwnershtp. 1t
has been varlously advertised as belong
Ing to the Northern Pacific, the Great
Northern and to Mr.. Hill personally
Statements as to It's Yalue3srange from
t26,0OO,00 to tsOo,OO0,OW It would appear
that the deal whenever II shall be made
will prove Of fabulous value to the Steel
Trust and OF equally astounding. adYant-
age to MI, Hill, although the alternative
oto tap opt a. p1oAai tho ~ In mn nj II. ,p{tb4