The Tupelo journal., 1906-11-23

| Standard Oll Ootn IN open
and published tariffs and by and
! through secret and unpublished rates,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 q sys-
tematic discrimination, substantially
all over the United States. 30 that
rates from Standard shipping pot ITS
are much lower, for the same distance
proportionately and per ton 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.
Ind6. to Grand Junction, Tenn, of 10
cents per hundred pounds, and large
quantities Of oil were distributed from
Grand Junction all over this southern
territory on secret rates which never
were published, as required by law,
or filed with the interstate commerce
commission.
The petition alleges that for about
ten years prior to 1905 secret and I'M
published rates were made from
Whiting, Ind, to East st. Louis, of g.,
6A 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 IL
cents per hundred pounds.
l. How They Control Railroads.
It 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 G 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 II. Rogers-Santa Fe, Chicago,
Hill yaukee and St. Paul; Union
Pacific.
Charles M. Pratt-Boston and Maine.
Evansville and Terre Hante; Long
T-.-nd.
Henry M. FIagIer-Florida East Coast.
John D. Rockefeller, Jr.-Delaware.
Lackawanna and Western; Missouri
Pacific.
William G. Rockefelier-Union Pacific.
II. Clay Pierce-Kansas City Southern,
st. Louis and San Francisco.
C. w.. Harkness-Chicago, Milwaukee
and st. Paul.
r. T. 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 rebatesao on oil prices, and the divis-
ion of territory.
Tells of %Stupendous Profits.
1t 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, ITO, $685. "a.
The additional property purchased or
acquired by the issue Of trust certif-
Gates was $13. SIC, 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 $69. 020, 798.2 "a,
according to their own valuation.
Upon this capital the Standard has
from 1882 to 1895, inclusive, paid
$512, $40, 0S4.5O 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 1895. Blu.
from 1882 to 1896 it's surplus. accord
ing to it's own statements. was $751;
536,025.14, and it is alleged that its
property at the present time exceeds
the value Of 5000, 900. 900. It's annual
dividends during the last nine years
have run from 33 to 48 per cent per
annum, in addition to this large sur
plus.