The Irish standard., 1907-09-21
OIL TRUST BONDS
SET At S6,0OO,00O
BIGGEST SECURITY ON RECORD
FIXED BY JUDGE GRosscUP.
IN APPEAL FROM LANDS
Attorneys for Both Sides Dissatisfied
A-Standard May Ask Reversal of
Fine Because of Immunity
Agreement.
IN APPEAL FROM LANDS


bonds in the history of criminal iuris,
prudence were fixed Tuesday by
Judge Peter S. Grosscup, Of the
United States circuit court. to secure
the governments s29.24O.OOO iuds,
ment against the Standard Oil com,
pany Of Indiana pending AN appeal
from the sentence imposed by Judge
Lands.
The aggregate security required by
Judge GroSscup is $6,000.00O, repre-.
scnted by two honds--a forthcoming
bond of s4.000.00 and a conditional
bond of $2,OOo.OOn. The total was con,
sidercd by Judge Grosscup to repre-
sent the value of the property owned
by the defendant company.
Both Sides Dissatisfied.
10th the attorneys for the govern,
ment and the oil company expressed
chasrin over the courts decision. Dis
trict Attorney Sims announced to the
court that he was not satisfied with
tho amount of the security His arg,,.
ments had been in favor Of a bond
equalinG the amount Of the fine John
S. Miller. attorney for tho Rockefeller
corporation. protested that the esti,
mate Of the assets Of the Indiana
company were too high.
Judge Grosscup announced that he
would grant tho district attorney an
opportunity later on to submit arg,l.
ments to show why the bonds should
he larger
Another matter still to he definitely
settled before the bond is filed and a
writ Of supersodeas granted to stay
execution of the Judgment is whether
the Standard Oil company of New ,Ier
soy can 20 on the bonds of the In
diana company How to obtain the
rccord-brcaking security appeared to
puzzle Attorney Miller.
Standard May Sign Bond.
After protesting briefly that the
amount was too high he inquired il
the larger bond might not be an indi
vidnal bond or whether the guaranty
of surety company was required
The court ruled that the 81. OOO, OOC
bond might be supplied on individual
security, but that the smaller hond
must have a surety company
ut has been suggested" said Mr.
Miller. that the Standard Oil com
pany Of New Jersey might DO snret,
upon the bond and should like tc
settle that matter"
The court wifi accept il il tho cor
noratfon has the power to make a
bond" responded Judge Grosscup. 81
am not sure that it has"
ut has been shown in this record
that the Standard of New Jersey owns
practically all the stock of the dc
PENDANT company" said Mr.. Miller
and any corporation has the Incl
dental power to protect it's own"
1T its ownership is considered in
that light" interposed Mr.. Sims. why
is 1t not considered in fixing the
amount of the bond?"
Grosscup Explains Position.
Judge Grosscnp replied that in fix
ing the fine the DIVER court had the
right to considkI who the real and
who the nominal defendant was. but
that he himself had no right to crente
n liability against the Standard Oil
company of New Jersey without trial
in court.
1t was announced that the 81 600, OO0
bond is to indemnify the government
against any alteration of the value OF
the plant of the defendant company at
Whiting, Ind, and the $4,000, 600 bond
is to be applied toward payment OF
the Judgment n 1T is sustained in the
court OF appeals.
immunity May Affect Big Fine.
1t is believed in government circles
that the Standard OIL company will
appeal to Judge Lands to reverse
the fine he imposed and that the
grounds for this plea will he that the
attorneys for the oil company should
have been Informed Of the immunity
agreement between the government
and the Chicago & Alton road. Attor
ney John s. Miller declined to say
whether or not the step was contem
plated
The immunity agreement will be the
subject Of a conference between Dis
trict Attorney Sims and Attorney
General Ronaparte, who arrived in
Chicago Tuesday afternoon from
Washington. The ostcnsible purpose
of his visit to Chicago is to deliver ar
address at the University of Chicago
No announcement Of the final decision
Of the prosecutors regarding the AltOr
case is expected until September "a
when Judge Lands returns and the
grand Jury convenes.
WelI-known Composer Dies.