Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1906-11-22

through secret and unpublished rates,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 sys-
tematic discrimination, substantially
all over the United States, so that
rates from Standard shipping points
are much lower, for the same distance
proportionately and per ton per mile.
than from shipping points of indie
pendent competing concerns. These
differences In most instances amount
to more than 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
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 un-
published rates were made from
Whiting, Ind, to East st. Louis, of 6,
6A and GA cents on the various rail.
roads, which oil was destined to st.
Louis and to large territory south
and southwest Of those points, while
the regular published rate was Is
cents per hundred pounds.
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 & st
Paul; Delaware, Lackawanna ant
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 Yorl
and Ottawa; Pittsburg and Lake
Erie; Rutland.
Henry n. Rogers-Santa Fe. Chicago
Milwaukee and st. Pal; UnioI
Pacific.
Charles M. Pratt-Boston and Maine
Evansville and Terre Haute; Loni
Island.
Henry M. F.agier--Florida East Coast
John Q. 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. Harkness-Chicago, Milwaukee
and st. Paul
r. T. Gates-Missour Pacific, Wiscon
sin Central.
The petition then -ecites the Stand
ard trusts monopoly Of the sale o.
lubricating oils to railroads, its unfair
methods of competition in the cutting
of local prices, the formation of bogus
Independent companies, the paymen
of rebates on oil prices, and the divis
ion of territory.
Tells of Stupendous Profits.
1t is alleged that by reason of 1t.
monopoly the Standard Oil compan,
has made enormous and unreasonable
profits on the actual value Of its prop
erty; that the trustees valuation o
all the property and stocks placed II
their hands In 1882 was $50, TIC, 698.24
The additional property purchased Of
acquired by the issue Of trust certifi
Gates was $13,310,100, so that the tota
value of all property controlled by tn,
Standard Oil company Of New Jersey
except such as may have been pur
chased from earnings, is $50 ,020, 1924
according to theirlown valuation.
Upon this capital the Standard ha.
from 1882 to 1895, inclusive, pait
512,940,0S4.50 of dividends. and hai
created large surplus-the exact sur
plus the petitioner is unable to state
because the Standard has not pub
lished any statements since 1896. Blu
from 1882 to 1895 its surplus, accord
ing to its own statements, was $40.
6,025.14, and 1T is alleged that its
property at the present time exceeds
the value of s20O,OO0,000. It's annua
dividends during the last nine years
have run from 33 to 48 per cent pei
annum, in addition to this large sur
plus.
As Interpreted.
Mavne-Ga0roa daclarad ha wouIT