New-York tribune., 1907-09-23
OWNED BY STANDARD
Big Subsidiary Companies Which
Dir. Tilford Did Not Mention.
IRv Telegraph to The Tribune. !


Pittsburg Sept. 22.-When Wesley II. Thford
the treasurer Of the Standard Oil Company, told
Of the income from the various concerns when
part ~ the great corporation. he overlooked
few IN Western Pennsylvania. Eastern Ohio ana
West Virginia from which the stockholders OF
the company obtain n vast fortune every year
Just what amount money they get out Of these
companies IS probler1atical for no one seems to
know what the capital stock of the majority OF
them is anything else in connection with their
business.
Brown Brothers. the bankers, have issued a
red book in which a number of these companies
mentioned That they are all owned by the
Standard OH Company Is evidenced by the fact
that the directors Of the directors of an
other and ALL are known to he STANDARD Oil men
In most instances however afte- giving the
Of the members Of the boards. there ia a footnote
which saws mo report" That means that ii is
impossible to ascertain anything about the fnan-
cal affairs Of the company.
One greatest OF these subsidiary CON
Germs Of which mention has been made IN tho
proceedings against the Standard Is the National
Transit COMPANY. Il IS Of the few whose
capital stock IS known. II amounts % $25.ooo.0oo
Attached TO the National Transit Company are
the Eureka Pipe Lines Company Of West Nir-
ginia. and the Southwest Pipe Lines Company.
These two concerns gather the oil from the
thousands Of wells throughout the PENNSYLVANIA
and West Virginia fields.
Another great concern Of which no mention has
been made fS the Atlantic RsffnfHE 'pli'Ifi'f-
When Nr Tilford on the stand he mentioned
the fact that the estate Of Charles LocIlhart. Of
pittsburC owned $500 shares OF Standard oil
stock worth $4,000. Tho Atlantic Refining
Company was undoubtedly included in this.
the Iockharts the greater part % this con-
ccrn, although II is n subsidiary company Of the
Standard Ou Company.
Tho Atlantic Refining Company has capital
stock of $1,000 coo II pays annual dividends OF
IS. 600 900 and each wear more than saoon-
nm .Lalf. In, nU ar6 IN
almost every city IN the country It's wagons sell
oil for illuminating purposes from house to house.
The Peoples Natural Gas Company. which sup
plies natural 70 certain parts of Pittshurg. Is
owned by tho Standard Tho company
Eanized by y Pew. Of this city hut several years
ago he sold out 20 the Standard for A.65o"H. Tho
gas company pays enormous dividends but just
how much has not been made public.
in addition TO these companies tho Standard has
in this vicinity Offices IN this city. the Galena
oil Company which supplies Iuhricatlnl oil 70 tho
railroads and there is railroad in the country
hut what the oompanys product; IN" South
PENNSYLVANIA Oh Company. which drtls All IN"
wells for the Standard: the Reserve Natural Gas
COMPANY and the Hope Natural Gas Company.
which srlpplv gas - certain sections OF Western
panrsvlvaufa: tho BurCettstown OF and Gas Com
psnv: the East Ohio Natural Gas Company, with n
capital Of 600. which supplies natural gas t"
tho city Of Cleveland: the Carter OH company or
TifusvilIa; the Peoples Gas Company of Turtle
creek Penn: the Pennsylvania Gas Company. Of
Warren Penn. with capital OF SFoe" and
which supplies gas 70 4 score Of small c'ues IN
Northwestern Pennsylvania: tho Taylorstown Nat
,,raI Gas COMPANY the United Natural Gas COM
p7nv Of Bradford: the Belle Vernon Light ana
Heat COMPANY: Northwest Ohio Natural Gas
COMPANY which supplies the city of ioieoo ana
has = capita1 Of $4,000. and the United states
>,+,.r., cas- ronnanv of Franklin. Penn. with
capital Of 30o0G00
No reference has been made to any or fhesH com
,a,,es IN the proceedings against the Standard
That the Standard is still looking for new neas 10
concuar is evidenced by the fact that 'oio7e John
7 rar+.r ~ -Titusvirle president OF the Carter on
company. sailed from San Francisco within me
Lost week with corps of experts for Japan "hers
tbe, will investigate conditions If these coTd'-
,,ore arc favorable the Standard VIII drh for GIL
.,,adIa+a1v IN that country extensive scale.