The Bamberg herald. [volume] (Bamberg, S.C.) 1891-1972, 1907-09-26
ONE THOUSAND PER CENT
In Profits Made Yearly by Oil Trust
More Light on Dealings Of
Gigantic Monopoly.


markable earning capacity Of the va
rious subsidiary companies Of the
| Standard Oil company at the hearing
! in New York Wednesday, when Frank
| B. Kellogg, who is conducting the fed
eral suit, succeeded in placing upon
| the records the profits c. seventeen of
| the principal subsidiary companies In
the years 1903 and 1906. The state
| ment Of the earnings of the Standard
Oil company of Indiana, which was
recently fined s29,2OO,OOo by Judge
Lands of Chicago for rebating, dis
closed that in 1906 the company earn
ed no less than s1O,51e,0S2, on a cap
italization OF s1,OO0,00O, or over 1000
per cent The Indiana company in
| 1906 earned more than any subsidiary
company Of the big combine.
In 1903 the Indiana company's prof
its were sS,s53,4rO, so that in two
years the mother trust received from
the Indiana company more than $751;
100000 in profits.
The Standard Oil company OF New
Jersey owns $3.50 shares OF the In
diana company's stock. The Indiana
company is capitalized for s1,OOO,OOO.
The dividends paid by the Standard
Oil company of Indiana lastyear asgre-
gated s44s5.500, or little more than
s6,OO0,0OO less than the profits.
Mr.. Kellogg developed during the
day, while Clarence G. Fay, assistant
comptroller of the Standard Oil COM
pany, was on the stand, curious pro-
cess Of the financial bookkeeping, or
handling of accounts, which MIR. Fay
failed to explain. From figures sub
mitted it was shown that the Standard
Oil company of New York, in 1904,
made a profit of s7,751,1So, and paid
in dividends to the Standard OIL COM
pany Of New Jersey the total sum OF
s32,s9s.43O.
The statement of dividends and prof
it's in 1906 Of seventeen Of the sub
sidiary corporations OF the Standard
Oil company of New Jersey as pre-
sented in the federal proceedings now
in progress follows:
Atlantic Refining company, capltai
s5,OOO,O00; dividends, s2,249,955; prof.
it's. s5,50e,237.
Buckeye Pipe Line company. capi'
tai, s1o,OO0,0O0; dividends, so,799,7sS;
profits, s7,O23;s62.
| Continental Oil company. 1908, capi'
tai, $500, 900; dividends s4o5,ooo; prof
it's, s575,O43.
Eureka Pipe Line company, capital
$4,000 900; dividends, sS,s49,6S4; prof
it's, s2,433,104.
Galena Signal company, capital, $lo''
| 100000; dividends, s1,377,2od; profits
s2,SO3,O56.
Indiana Pipe Line company, capital,
s1,oOo,OOO; dividends, s2,179,a45; prof
its, s2,314,5SS.
National Transit company, capital
s25O,45O,2OO; dividends, s5,osO,33o;
profits, s1,s2s,7s7.
New York Transit company, CAPITAL
$4,000, 900: dividends, s2,oss,95S; prof
it's, s2,a4s,2S2.
Northern Pipe Line company, capl'
tai, s1,oOo,ooO; dividends, 100000
profits, s1,591,614.
Solar Refining company, capital
s5Oo,ooO; dividends, s449,46o; profits
s1,253,51s.
Southern Pipe Line company, capt.
j,tal, s5,oOO,OOO; dividends, s4,os5'sSs ;
profits, s4,64s,3O6.
Standard Oil company Of Iowa, cap
| ital, s1,o0O,oOO; dividends, sa,so4'SoS;
| profits, s67s,sT.
Standard Oil company of Indiana
capital, s1,Oo0OOO; dividends, $780,
| 500; profits, sl0,516,Os2.
Standard Oil company Of Kentucky
capital, s1,OOo,oOO; dividends, 1884,
400; profits, s1,so7,75o.
Standard Oil company of New York.
capital, s15,0p,ooo; dividends, slo'-
| $4,000; profits, ss,56o,31O.
Standard Oil company of ohio' cap
ital. s3,50O,OOO; dividends, Sl74'Soo )
profits, s1,Oo9,526.
Vacuum Oil company, capital, ST.
100000; dividends, not given; pron1s'
s1,449,575.