The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-06-08

Frank b. kellogg, special e0Un-
sci of the Government in tie Stand
ard Oil prosecution. which aims at
the dissolution of the oil concern.
carried joyful news 10 President
ROOseVelt's trust-busting confer
ence at the White House last night.
Three hours before the White
House meeting. Mr.. Kellogg re-
ceiTed a telegram announcing q
sweeping victory for the Govern
ment in the Standard on case. The
great combine has at last been
brought to its knees. Its last line
Of technical defenses has been car
ried by the Government prose-
cUtOrS, and It must now 90 to a
trial in which the court VIII per-
nit the entire history Of the oil
business TO be introduced in evil
dence.
Mr.. Kellogg and the other Of
ficiaIs Of the Department OF jus
tice were immensely pleased with
AnAN N4NAWAMs III oAaMAaLN MLA Ut
INJURED to practically the entire
petition of the Government in its
dissolution suit under the Sherman
law. That petition, by the ruling
made yesterday, is completely sus-
tanned, and the Standard must an
sWer all its sweeping allegations.
President Roosevelt was reiOiced
at the signal success which Mr..
kellogg and his associates have
achieved, and congratulated them
with enthusiasm. The Govern
ment lawyers, while averSe to quo
tatiOn on the subject, admitted that
they considered the broad ruling
in support Of their petition pres
aged an ultimate victory for the
Government on the main issue.
This means nothing less than the
dissolution of the Standard.
Trust Now Fights for Life.
4 The Standard has lost the first and
/ what, it is believed. viii later prove the
! decisive round IN its fight for life.
/ The circuit court Of the Eighth circuit
at St Paul has unanimously decided
4 that the Government may go into the
whole history Of the oil business in this
\ country in order 10 find evidence that
/ the Standard Oil Company, OF New Jer-
/ sey. is a trust
/ This decision reaches TO the very basis
I OF the Governments contention Tt sus-
/ tains the entire theory on which Al
4
/ Government petition against the billion
dollar oil company. It brings fairly n
sight a great and decisive victory by the
! Government over the Standard interest.
Model of All Trusts.
! The Standard OIL Company Is the
( original and model Of all trusts. It is
/ a real billion-doilar concern. despite
/ that its capital is only S1O0Oo0Oc0. IN
I 1906 its dividends were 40 per cent on its
4 capital, or / per cent on a billion dollars.
/ In 1905 II paid the same; in 1894. 36 per
cent; in 1903. a per cent; 1902. % per
1 cent. that being the first year Of divi-
dends under the present organization.
/ But in 1901 and 1900 dividends Of IS per
/ cent each year were paid on the trust
/ certificates Of the old STANDARD Oil trust:
/ in 1920. 80 per cent; 1855. 80 per cent. and
/ 1887. 80 per cent. The Standard has no
! bonded debt. being IN this regard unique
/ among immense concerns Of its kind
Governments History Of Oil
/ How tremendously significant is the
/ Government victory in this ruling at
St Paul was explained by one OF the
l attorneys for the Department OF Jus
4 tice. The Government. in its bill CT
complaint, set up in brief a history OF
| the oil business. II made a good-sized
I book. easily as volUminous as a popular
novel In order TO show the intent OF