Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-09-18
ENORMOUS PROFITS
OF STANDARD OIL
Thousand Per Cent Gain by In
diana Company.
CAPITALIZED AT A MILLION
Made More Than $10000,00O Last
Year.
PAID $4,4950OO IN DIVIDENDS
Federal Government Prepared 20 Meet
ANY Contention That $2e, ,24o,-
600 Fine Be Set Aside.
Made More Than $10,OOO,0OO Last
Year.
PAID $4,495 900 IN DIVIDENDS


600 Fine Be Set Aside
NEW YORK. September ls.-Prohts OF
more than one thousand per cent yer year
| are made by the Standard OIL Company of
Indiana, the corporation sentenced to pay
a fine of 500 100000 by Judge lands in
Chicago. The company's profits for 1888
were $lO.51G, OS2. and in 1903 they we're
$S,753.4 40 a total for two years business
! OF s19, 2G9, fg2
The Standard Oil Company of New Jersey
owns 1890 shares of the Indiana company's
stock. The Indiana company is capitalized
at slC00oOo The dividends paid by the
Standard Oil Company OF Indiana last year
| aggregated 81 ,495 500, or a little more than
| $60oOCO0 less than the profits The figures
| were presented today In the federal proceed
| ngs against the Standard OIL Company of
New Jersey. The dividends and profits of
| sixteen other subsidiary corporations were
| given.
Subsidiary Corporations Profits.
| The statement OF dividends and profits OF
| seventeen of the subsidiary corporations of
| the Standard OIL Company of Indiana. as
presented. follows:
Atlantic Refining Company-In 1213-Cap-
i.al, s5,Oo0,OO0; dividends. s., ,491 $50; profits,
s.. 794 100. In 19OG-Dvdends. 81 2i9,955;
profits s., ,506. 237.
| Buckeye Pipe Line Company-In 1909
Capital, s1o0O00oo; dividends, ST. 100 1853;
| profits, s4.502 l47 In 19O6-DIv.dends, S.
| 100, I9S; profits, $T02.3 ,362.
4 In
| ttal, Sp0OO: dividends. $49S,OOO: profits
$SIsGO In 19o8-Div. .dends $4o5,c0o; prof.
! its, $515, ,O43.
Eureka Pipe Line Company-In 1905
Capital, *soo0.0oo; dividends, s2,949, 440;
| profits, $3,11S395 In 19O6--Dividends So
4 949, ,gs4; ppeats, -, ,43a.l0 -. >.
600: dividends. ST. 125 SEQ profits, 81, ,632, ,27i:
in 1906 dividends, s1,377,ao; profits, So
SO3,058.
Dividends A Plenty.
Indiana Pipe Line Company, in 1903,
| capital, 100000; dividends, So T9S $50:
profits, 81. 196. 064; In 1906, dividends, 81
178,346; profits s2.3l3.5s3.
National Transit Company. In 1903 cap
ital. So. 200; dividends, s2,543 185;
profits. S5,34O.O42 in 1906 dividends, S5.-
O3O,35O; profits, 81, ,029, 767.
New York Transit Company, in 1908
| capital, s5,OOOOoO; dividends. s3,949, ,2s9;
profits, 50 033 G;3I; in 1906, dividends 81 Isy9.
9oS; profits, 81. .343,2s2
Northern Pipe Line Company. 1903. cap
ital. S1,WO,OOO: dividends. $T99g2: profits
$50, Jo2; in 1896 dividends, S2,0OO,OOO;
profits. 81, ,591, ,614.
Solar Refining Company, in 1903. capital,
S5O0OOO; dividends 81 34S $50; profits, ST.
129,47O: in 1906, dividends S440, 400 profits,
81, ,253.5l9
Southern Pipe Line Company, in 1903.
capital $5:0oo.0oo; dividends s599.9ss;
profits, 81, ,l39, ,O16; in 1906 dividends S4-
5y9,33s; profits, $4e49,SO6.
Capital Second Fiddle.
Standard Oil Company of Iowa, in 1903,
capital, s1Oo0Oo0: dividends, 5000, 900;
profits, sl,Os9, ,41s; in 1906. dividends, $3.-
9Oi O96; profits $673,977.
Standard Oil Company of Indiana, In
1903, capital, sl.ooo,ooO; dividends. ss,491.-
800; profits, s., 753, 4l0 in 1906 dividends,
81 4t5. 500; profits, Sl0516,0S2.
st STANDARD 0l G"mpany Of Kentucky; in
200; profits, $l,112,1I3; in 1906, dividends.
1884 100; profits, Sl,3oI,I50
Standard Oil Company of New York. in
| 1903, capital Sl5,Oo3,o0D; dividends, Slo.49s.-
$50; profits, S14,39l .oi6; in 1906 dividends,
Sl,499,990; profits $o,556,O3l.
Standard on Company of Ohio, in 1908.
capital, S3,510,opD; dividends SlI4,9I0:
profits, $500, 1s4; in 1906 dividends, Sl74,970;
profits, $l,p9 526
Vacuum Oh Company, in 1903 capital
S25oo,0o; dividends not given; profits
profits, 81, 1,449.515.
Effort to Obtain Records.
Further efforts to obtain the records of
the Hquidating trustees of the Standard Oil
trust, who Effected the dissolution of the
turst and formed the present Standard Oil
Company of New Jersey, made by
Frank B. Kellogg, who is conducting the
government suit against the company.
when the hearing before Special Master
Ferris resumed today. M. Kellogg is
sued a subpoena six weeks ago for these
records but so far has been unable to OBJ
tain them. BY these records Mr.. Kellogg
expects to show the formative process OF
the Standard Oil Company of New Jersey
and prove the gavamcn OF the governments
charge that the company is an illegal COM
bnation.
Clarence G. Fay, assistant controller of
the Standard Oil Company. was recalled 10
the stand and questioned.
Mr.. Kellogg Immediately took up the mat
ter of the &C. NJ. Pratt investment item
that proved of so much interest yesterday
Mr. Fay was provided with detailed
statement of the income received from this
investment. He said that he knew moth
ing of the source OF the income. lie could
find no corresponding asset on the books.
Juggling of Securities.
Here Mr.. Rosentha of counsel for the
Standard OIL Company interrupted to say
that Mr.. Pratt in his testimony yesterday
had admitted that the investment repre-
sented Waters Pierce stock. Mr. Kellogg
reported that Mr.. Pratt was very hazy
those matters and resumed his question
ing.
Does the Waters-Pierce stock appear
on any of the books of the Standard on
Company of New Jersey from 1902 to 1902
NO, sir
rs it on the books of any of the sub
sidary companies?'
No, sir"
''Is 1t on the general balance sheet of
the Standard Oil Company of New Jersey
at any time since 1892
In 1907
Counsel for the company said here that it
was admitted that the stock was transfer
red to the company February IS 1907.
Further questioning developed the fact