The Globe-republican., 1907-02-28
THE SEVEN POINTS
Attorney General Hadley Argues
Custer Suit Against the Stand
ard Oil Combine.
WHAT TESTIMONY SHOWS
Monopoly Of Oil Business--sale Limit
ed and Observation-Disclosures Is Fix
ed and People Of Missouri
Damaged.

st, Louis, Feb. 26.-The closing
arguments In the custer suit of the
state against the Standard, Republic
and Waters-Pierce Oil companies,
were commenced Monday before Spe-
cial Commissioner Anthony. Attorney
General Hadley opened for the state.
The defense will be represented by
Alfred G. Edy, Of Chicago; Frank
!. Hagerman of Kansas City, and H. S.
Priest, of st. Louis. AT the conclusion
Of the arguments the evidence In
the case will be submitted by Com
missioner Anthony to the supreme
court together with a recommends
ton from him as to the proper judg'
ment.
Attorney General Hadley said, after
: reviewing the legal history OF the
case, that he would base his argu-
nents upon seven points. These
points he set forth:
First-The existence Of a combina-
tOH, lTuoI anu lc0ii'ch' oh'ohS 49,
respondents by reason Of the common
stock ownership CT a controlling In
terest in the stock of each by the
Standard Oil company of New Jersey.
Second-The plan of operation n
control Of each of these responds nts
under the authority and direction OF
officials of the Standard at &c Broad
way, New York.
Third--The division of trade terri
tory between the Watsrs-Pierce and
! Standard Oil company as the resu,t
Of an agreement originally made be-
tween the Standard Oil company OF
Ohio and the Waters-pierce company,
and since maintained and recogniz-
cd by the legal successors OF those
companies.
F~ourth--The organization and oper-
ation of the Republic Oil company as
an independent and competing com
iany of each of the other respondents
in the territory Of each and the pur'
pose and the results thereby accom-
plished.
F1fth-The sale of oil ny the Stand
ard Oil company in the state OF MIS-
souri, only through the Waters-Pierce,
Republic and Standard companies and
the purchase by the Waters-Pierce
and Republic companies of all their
supplies from the Standard and its
affiliated corporations.
Sixth-The completeness of the
monopoly in the oil business effected
By these respondents; the extent 10
which trade and competition between
them and others in the sale OF or Is
limited and restrained and the fixing
and the maintenance of prices of oil
thereby accomplished to the damage
Of the people of Missouri.
Seyenth-The deception practice1
upon the public by causing 1t to be-
Here that the respondents were inde'
pendent and separate corporations
engaged as legitimate competitors IN
the sale of the products of petroleum;
the methods of competition practiced
by each by which the trust and compi-
nation between them was made et-
fective and the people deprived OF the
benefits of competition, to their great
loss and prejudice.
Mr.. Hadley went into the history
OF the Waters-P1erce Oh company at
length. He declared that the com
pany has been under the central OF
the Standard Oil company since Its
formation in 1878 and that all this
time the Standard had owned 60 per
cent Of It's stock and Pierce and 9th
ers but 40 per cent.
These facts had been clearly estaD-
iished by the testimony of the wit
nesses. Mr.. Hadley declared.