The Montgomery advertiser., 1906-11-16

an agreement and understanding py
 which Missouri and the other south.
 western territory Is divided up between it and the Standard oil Company of IT
 diana, by which agreement neither COT poration is permitted to market petro' l leum products In the territory or ths other;. that competition has thus been
 eliminated between all of the defendant
 companies
 Relief Demanded.
 l The United States prays that the court adjudge and decree that the com | bination and conspiracy are. unlawful
 under the sherman Antitrust Act and that the court decree that the holding. ownership and control over said vari- 1 ous defendant corporations by the in- dividual defendants in said conspiracy and by the Standard oil Company of New Jersey the holding corporation. is m violation of said act of Congress. unlawful, and void; and that the Stand ard Oil Company be enjoined, restrain ed and prohibited from exercising any control over said corporations. or any Of them, by the election or appointments or directors. officers, agents, Or. ser- wants, or In any other manner; and that the said subsidiary corporations be en- Joined and prohibited from declaring or paying any dividends to the Stand ard oil Company of New Jersey. or to any person or corporation for said Standard oil Company of New Jersey; and that the defendants. and each and all of them. their respective directors. onicers, agents, and servants, be en- joined from entering into or taking part in or performing any contract, combination, or conspiracy, the pur- pose of which is to restrain the trade or commerce in petroleum and it's pro- duets, or to mQnopolize the same in violation of said act of Congress, eith- CT by placing the control of said cor porations in the hands of any other person. or agreeing or contracting to- gether or with one another with re- spect to the control of said corpora tfons, or agreeing or contracting to- gether in respect to the purchase. ship ment, transportation, manufacture, sale and. distribution of petroleum and it's products.
 The following statement was prepar- ed and made public by Attorney Gen. eraI Moody today:
 In June last. by direction ofthe Pres- were appointed by me special assist ant attorneys general to act with as. sistant to the Attorney General Purdy. to make an investigation of the rela- tions of the Standard OH Company of New Jersey, to the business of refin- ing, transpoftiuKs distributing and sell ing oil throughout the United States;
 
 whetheEso or not, in their opinion, there has been violation of the Sherman anti-trust law by the Standard oil Company of New Jersey. or the persons or corporations associated with or managing it. The counsel has com pleted that duty, and the report of their investigation has received careful consideration by the President and his cabinet.
 Long Last of Charges,
 ''The information available to the department tends to show that the various corporations, the limited part nerships under the control, in the man. ner hereinafter stated, of the Standard Oil Company of New Jersey, produce. transport and sell about ninety per cent of the refined oil produced. trans- ported and sold in the United States for domestic, and about the same pro. portion of refined oil exported from the United States; that this share of the business has been procured by course continued under the direction of the i same persons, in the main, down to the i present time; that these persons now | surviving are John D. Rockefeller, | William Rockefeller, Henry H. Rog- CTS. Henry M. F1agler. John D. Arch | bold, Oliver H. Payne and Charles M. l Pratt; that the design throughout Of |
 
 terprise has been to suppress compe- l tition in the production, transporta- 1 ton and sale of refined oil. and to ob- 1 tain as far as possible, monopoly therein ;that between 1870 and 1889 the design was effected through agree ments made between many persons and 1 corporations engaged in this business; | that in 1882 the business aimed at was made more certain by vesting In nine | trusts (including five or the above l named persons) sufficient stock in the | thirty-nine corporations concerned to | enable the trustees to control their | operations in such way that compes | tition between them was suppressed: | that this plan was aeved upon until | 1t was declared unlawFul by the Su> | preme Court of Ohio, in an action | against the Standard oil Company of | Ohio, one of said corporations, in 1892; | that during the seven years following, | the same Individual defendants, as ma jority of the liquidating trustees, were | pretending to iiquidate the trust. but, as matter of fact, | were managing all the corporations Tn | the same way and exercising the same | control oven them; that the individual of the Standard oil Company of New | Jersey from S1OO0O,OOO to s11O,00O,- GOO; that said company was then a producing and selling corporation, and they added to it's corporate nowers the | power of purchasing stock in other | and practically all the powers exercised by the trustees un- der the unlawful trust agreement of | 1882: that the Standard oil Company of New Jersey, then taking the place | of the trustees, acquired all the stock l of the corporations heretofore held | and controlled by the trustees. paying | therefor by the issue of It's own shares ] in each, and that the president of the board of trustees became the president Jersey and the business of the trust then assumed the direction of the bus mess of the Standard Oil Company of New Jersey, and ever since continued 1t: that the purpose of the. effort of the use of the Standard oil Company | of New Jersey as holding company was precisely the same as the pur- pose and effect of the appointment of | the trustees hereinbefore referrd to, to suppress competition be- tween the corporations and limited whose stock was first l. held by the trustees and then by the Standard oil Company of New Jersey;