The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1906-01-30
Senator Minturn Introduces
a Resolution to Revoke
the Charter Of the Greas
Monopoly
TO CLEAR THE STATES NAME
TESTIMONY TAKEN IN NEW
YORK PROVING THE CORPORA
TONS sUBvERsIoN OF ALL
PUBLIC RIGHTS. IT SHOULD BE
DEPRIVED OF LEGAL EXIs-
TENCE.


Especial to ''The Jersey City Nsws.'O
TRENTON, Jan. 30, 190e-Senator
James f. Minturn, Of Hudson, exploded
another sensational bomb this morning
when during the session he offered joint
resolution which, if adopted, will revoke
the Standard Oil Company's charter and
prohibit this gigantic monopoly from
doing business in New Jersey.
The resolution reads as follows:-
Whereas, it appears from the testi-
mony of witnesses produced in the ex-
animation in New York City in the case
of the State OF Missouri against the
Standard Oil system that the iniquities
and evils incident to this greatest of all
trusts are due to the laxity Of the corpo-
ration laws of this State under the pro-
visions of which the Standard Oil Com
pany of New Jersey is organized, and
that the laws of the different States and
the United States are habituaIly violated
and contemned by it. its agents and sub
sidiary corporations to the subversion of
popular rights and the lasting disgrace
of out State, therefore,
Resolved, By the Senate of the State
of New Jersey Ghe House of Assembly
concurringl that the Attorney General be
and he is hereby directed to institute
gal proceedings forthwith in the name of
the State against the Standard Oil Com
pany, of New Jersey. and its subsidiary
corporations in this State for the purposes
of annulling and forfeiting the charter Of
such companies upon the ground of the
violation by such companies of the COM
mon law relating 10 monopolies and upon
the ground that such corporations exist
and now carry on their business in viola
tion of the provisions of the Elkins law
and the laws relative to interstate com
merce.
Without debate President Bradley re-
ferred the resolution TO the Committee on
Corporations of which Senator Minch is
chairman. That it will even be returned
to the Senate is hardly expected.
Senator AIinturn said this morning
that he was sincere in presenting the
resolution and that it was now up to the
Republican majority to say whether or
not they favored trusts
If the Republicans are honest and
seek to destroy this gigantic monopoly
which has been holding the people by the
throat and robbing them. here is their OPP
portunity. Let them adopt the resolution
which | have just introduced and | will
guarantee they will earn the good will OF
nine-tenths of the people in the United
States and reflect credit upon our State.
Il don't want to be understood as being
a trust buster. l believe that the Stand
ard Oil Company has fagrantly violated
the interstate commerce law in restraint
of trade and that it is duty which New
Jersey owes the civilized world to revoke
its charter, because if this State had not
granted such 4 charter this gigantic and
iniquitous monopoly could have never
been created"
On all sides this morning it was con-
ceded that Senator Minturns resolution
was one Of the most important measures
tnat mas ever been presented to any Leg
islature in score of years. The con-
census of opinion among the men who
daily frequent the State House is that
1t will prove the drawing card of the
session.