The Farmville herald. [volume] (Farmville, Va.) 1890-1934, 1907-08-09

companv the vast amount of S2O,2iO,-
900. the extreme penalty possible for
H. conviction Oh .4G2 counts for the
acceptance OF Illegal rebates. In the
announcement Dee closes, So far as his
court is concerned. one Of the most i'm
portnnt cases against corporation in
the history Of the United States.
Before attorneys for the corporation
could recover their breath the Judge
gave them second shock when he
called a special grand jury for Aug. IA
10 Investigate the same violations OF
law from the point of view Of con
sp!racy between the Standard OH. the
Alton road aud officials Of both. This
charge. II proved. may land some Of
the rnllroad and Oh officers in jail
The fine imposed is the largest ever
assessed against any individual or any
corporation Ia tho history Of American
criminal Jurisprudence.
The Judge declared I'm his opinion
that the officials OF the Standard OIL
company who were responsible for
the practices Of which the corporation
was found guilty We're no better than
counterfeltcrs and thieves.
Significant revelations are made pub
lic IN report submitted 10 President
Roosevelt by Herbert Knox Smith
commissioner OF corporations, concern
Ing the operations Of the Standard on
company. II deals with profits and
prices. showing just how the manipu-
latlon of the Oh industry boy the stand
ard has affected the pockctbooks Of
the American people Commissioner
Smith says
The Standard oil company is re-
sponsihle for the course Of the prices
Of petroleum and Us products during
the last twenty-five years The Stand
ard has consistently used It's power 10
rinse the price OF oil during the last
ten years. not only absolutely. but also
relatively 10 thc cost Of crude oil.
"The Standards claim that II has
reduced the price Of oil 10 the people
/ is untrue
"The whole history Of this great in
dustrv is history Of the persistent
use Of the worst industrial methods
the exaction Of eNOrbitant prices from
tho consumer and the securing Of ex-
cessive profits for the small group OF
men who over a long series OF years
have thus dominated the business"
Iohn u. Archhold. vice president OF
the standard on company, has Issued
statement following the decision OF
Judge lands IN filming the company
500 10000 for rebating and the re-
mort Of Commissioner Of Corporations
Herbert Knox Smith. I'm which Mr.
Smith declared among other things
that the claim Of the Standard OIL
company that u had benefited the con-
sumer was a misrepresentation of
facts Mr.. Archbold's statement IS as
follows
ION saturday. Aug 3. Judge Lands
announced his decision.
"On Monday. Aug ), Commissioner
Smiths report IS given 10 the public.
This remarkable report Of MT
Smith marks another coincidence IN
the uttcrances of the different depart
mcnts OF the government in their nj
tacks unon us that have occurred s'
freouently as 20 rob them OF even the
appearance OF being accidental IN
connection with its publication II may
not be amlss 70 remind the public thai
the act creating the bureau Of cor
poratlons provides that such reports
shall be made 20 the president for th'
purpose Of guiding him in formlnl
suggestions as % legislation and tha
they may be- made public In whole o.
part only ln the discretion Of the pres
! ldent. II Is sufficient now FOR Us q
say that IN the preparation OF his 10
mort Air Smith did not see ~ even {
confer with us. We think the publ
will agree that we were az least en-
titled 10 be heard IN such matter /
Mr.. Smith had seen ~ 20 confer Wit
r ms we would readily have furnishe
7 him the data for a truthful statemen
, OF facts on this question"