Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1906-12-01
STANDARD OIL ON THE RACK
Department of Justice Begins Suit at
St. Louis to Kill Giant Trust.
The Petition Filed Asks That the Combination Be Declared Unlaw
full and Restrained from Doing Businesis,ory of the Mo
nopoly and How 1t Is Alleged to Restrain Trade
Its Enormous Profits.
The War on the Standard.

The War on the Standard.
st. Louis.-Petition filed in United
States circuit court asking for -disso-
luton of Standard Oil trust and per-
petual Injunction restraining 20 con-
stituent companies from working with
or paying dividends to parent COM
pany-
New York.-Standard Oil shares
dropped Is points, making net loss of
$50 points since Roosevelts war on
the trust began; total depreciation in
stock since president opened crusade,
$3.50, 900; this Notwithstanding
quarterly dividends of $40 per share.
FindIay, O.-Prosecuting attorney
directed by Attorney General Ellis to
keep grand jury in session; all Stand
ard Oil officials may be indicted; Of
ficiaIs of Standard Oil company of
Ohio indicted agreed to surrender.
ST. Louis, Mo@The suit to break
up the Standard Oil trust has been
filed in the United States circuit court
here. The petition asks:
That the court decree that the COM
bination and conspiracy are unlawful
under the Sherman antitrust act.
That the Standard Oil company be
enjoined, restrained and prohibited
from exercising any control over its
allied corporations, or any of them,
by the election or appointment of di-
rectors or officers, or in any other
manner.
That the subsidiary corporations be
enjoined from declaring or paying any
dividends to the Standard Oil COM
pany of New Jersey.
oh,
all of them, be enjoined from entering
into any contract, the purpose or eff
feet of which is to restrain commerce
in petroleum and it's products or to
monopolize the same.
The petition contains 1914 pages of
printed matter, or about 100000
words, and an ADDITIONAL "a pages of
exhibits, consisting of bylaws and
minutes OF Standard Oil meetings and
organizations, and a map showing the
retail prices of oil in every state and
territory of the union.
What the Petition Alleges.
1t is alleged in the petition that
John D. Rockefeller and his associ-
ates, the other individual defendants,
formed 8, conspiracy to monopolize
the commerce in petroleum and its
products at an early date-about the
year 1S7G-and that the same individ-
uals have controlled the combination
during all these years, in all it's forms,
and now control it. 1t was, therefore,
| deemed wise to state in the petition
| the complete history and growth of
this conspiracy.
History of the Conspiracy.
The petition is logically divided into
| three periods. During the first one
| of these periods, from 1870 to 1882.
the combination assumed the form of
| a simple conspiracy-that is to say.
| the defendants, with the Standard Oil
| company of Ohio, acted together to
| suppress competition and control the
oil business.
| During the second period, from 1882
to 1899, the combination assumed the
| form of u trust agreement, whereby
/ about 40 separate corporations en-
| gagged in the same business, turned
over the management of their bust
ness to nine trustees, of which these
| individual defendants were the major
| ity, so that these defendants CON
trolled all of these corporations.
/ In March, 1892, the supreme court
of Ohio declared this trust agreement
void and ordered it's dissolution.
| 1norcupOQ, on MdrcQ I'll, 1897, the
trust certificate holders met in New
ork and resolved to dissolve the trus
and appointed John D. Rockefeller
Henry 81. Flagler, William Rockefel
Ter, John D. Archbold, Benjamin
Brewster. Henry H Rogers, Wesle,
H Tilford and o. B. Jennings a.
liquidating trustees-the individual
defendants being a majority of thes,
trustees.
The manner OF liquidation was no
to sell the property and divide tn
proceeds among the certificate hold
ers, nor to return to each person in
dividually the property placed in tn
trust, but all of the stocks in eacl
Of the companies were divided int
portions in proportion to the numbe
of trust certificate shares outstanding
| 50 that Rockefeller and his associate
continued to control all these corpol
atoms as before
Birth of the Present Trust.
The petition then takes up the thir
period of the conspiracy, beginin,
with the formation of the presen
trust
In order to accomplish this, in Jan
uary, 1899. they increased the stocl