New-York tribune., 1906-12-01
STANDARD OILS PLEA.
CITES FOREIGN POLICY.
Saus the Government Should Sus-
tain CORPORATIONS.

tam Corporations.
-ba Standard oil Company yesterday took
r-7g step forward I'm its new policy of publicity.
ming ? statement in which the great corpora
.--s and combinations Of corporations abroad
.--e-ed IN the production and refining Of petro-
..rrn are described. The fostering attitude
.-,.--~d those corporations ny the governments
,aar which they are chartered is coutrasted
.;.l The attitude Of the United States govern
-- toward the Standard oil Company and the
Inclusion is drawn that the organization Of
10 standard oil Company. which enables il to
..:-sfe and enlarge the worlds market for
american products. should he sustained rather
han crippled or destroyed" The statement
,,rtcb IS signed by William H Libby of the
nrary's foreign department. is as follows:
,-o,4,--er-1v with atteulnts OF the government -
.,sT s5sipuert OF the Standard oil Company ana
- -fer companies and thus 70 paralyze their great
..-lr7erce At home aud abroad. it is both inter
sling and pertinent - note the policy and prog
-a-e ~ tlei~ most formidable foreign rivals.
Tire desra hili-y-the necessity. almost-of the
.r.artrafion OF brains and cantal has been recog-
iza without eAsFpi9I N al, I @ pr, PIoe,,rn cum
.r-nrr4-ionS and holding companies on the general
ines of the Standard organization and other SINH
.s- American organizations been created: nut seF-
.rsi of these have become International in their
ne Roval Dutch COMPANY, Of Ire Hague and the
SneU Transport and Trading Company. Of Lon
''.'4Fi'e 20 NS4'4 ealiN 'i
+e-e~eG corpora tIous-have recently made public
.rnouncanent of their arnalganation; one OF the
r-inrfpaI motives being 10 control the extensive
gfeo4-I f., fr,rrbaT 70 fortfv their natural ad-
.-.rz.a1 NJ cheap labor and geographical location
n ~or77etinc for the vast petroleum commerce ot
ne oriental Countries containing more than two
--trzs ~ rre T-orlds population.
In Germany > holding company has recently
aeen created under the auspices of the most pow
--fu1 banks OF the empire. to dominate the sale
~ roth Russian and Rumanian products. not only
IN GERMAN itself hut in other European markets.
--a satF holding company Unites various impor-
--r- petroleum corporations heretofore in compe-
TIE As'7rf- Company organized under the un-
- 60 r7-.sIrl ron7l,rses three OF the Leading
Industrial rarroraiious Of England, France and
-7-.-rlI.-- The distribution Of Russian and Dutch
r-dies petroleum i'm the Oriental markets
----. ,r~.t7e5 af-yr o. r5or cent Of the en-
5 - ~ -5eI77ora Iizs1ior G<indred 10 such
tEs-io5s .- H. history OF 1he American industry
prior ~ r-a extended organization o. the STANDARD
al company and 10 dominate the distribution
of sai-iau petroleum products in the various ex-
rc-, markets ~ Europe.
In Greet Britain efforts indicating ultimate frl-
rior have been long under waE toward the fusion
- heretofore Tiza ern"ra ne a I'M re5''S 20
narisr petroleum in Great Britain Such fusions
are II ~a wise in00u patible with the so-called
Companies acts" # Great Britain. which are ap-
rsrarrTv designed TO encourage the utmost free
annual statements are made and annual taxes
~ the English law apparently -. mat
everhadg has right TO form q combination. and
that eversh body else has an equal right 10 combine
commercial action ;s assumed 10 ne the best natural
correction of temporary abuses. and apparently
rs rle wisdom Of the most experienced
Nat .-- -a extensive and prolific oil fields Of
is.--r- .r- q privileges al refining
r-- fr.--.r ara under tho control Of single cor
se-ar.nu owned In Glasgow. which IS protected and
sustained h- the governments Of India and Burma.
tz-s - f-5 u, r.. noII5lat;o, Of 2z5 coo 6o Vile
- n oT her ar n
.e.-el r. er Important export duty.
T.a distribution of Illuminating oil fin the do
markets of Russia IS effected almost
..H-.Fe.- b" q "onhtnation Of great producing and
The transformations cited tcreated and admins
tered tE some ~ the best industrial brains and
most prom ert capitalists Of Europel so far from
receiving tH= opposition Of governments. press and
communities 80 tar rom being regarded con
siIa-rS n restraint q trade or as ingenious sub
~--eeS o+ trade autocracy- are regarded abroad
rs being IN The ua-Gra. pathway OF legitimate.
'-,--- alG -i --.r9S-t- commerce. ana are espe-
e--r commended when the motive is emphasized
' .l.-Hat-7g me American product from the COM
f.ems---s and unGmeraule other opposing factors,
re.-oieum III, conlrnerr.5I hattie could NOT he
--t'rssfl.t W4E-l minus the comprehensive or
which -fa S-r5-I III 5;ora--. ta 'I ar NJ, 3dI
H-t- - .or-5.'UF expenditure ana through such
r.g successful nlaintan Of the supremacy Of
-..@--.a- petroleum 10 the competitive markets
S-.-s1 must earft the penalty OF q constant COM
s,s-l+ - r. IN Ilr outcome u which not only the
IN entire producing industry Of the United States
- great -ahC~ classes and "a host OF vOcat tons.
c..- 0r .1airs.tlv ieper dent upon its ramiied
.t-l@i.Hl- The valuation OF its exports cousti-
- ne aIy important factor in the adjustment
VI ne international trade balances OF the nation.
=. .-r prosecution of IT'S aggressive Industrial
''.f. .- Standard oil Company believes itself
Tee FAIRLY lied 10 the encOuragernent that
.-raE-- - ~ 80
For t5aSa reasons it would seem as Il it was
- - l.a1,~taHt TO the general business interests
~ me country we'll its OIL interests. the
"'-@n.zarl1u of the Standard oil COMPANY which
.e.I-- n 20 nurs"e and enlarge the worlds mar
n- ft- American products. should be- sustained
--.-'- t.a7 crippled or DESTROYED. For Il IS my
.- ..-Taf4 conviction -aat the volume Of American
.-TNa " distributed tine worlds markets would
-- la7-l 'r-U"a SIra bl- Joss Under p less compre-
e.aSt3 @gIt1ne0- ana policy than that OF the