Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-08-05
CAN SETTLE FINE
INSIDE TWO YEARS
Consumers Will Pay Standard
Oil Penalty.
CUT PRICE OF CRUDE OIL
This Will Save About $4,500,000 in
Expenses.
THEN RAISE COST OF REFINED
This Will Mean Profit of S1O,5OO,
oOO-Dividends Need Not Be
Disturbed at All.
CUT PRICE OF CRUDE OIL
THEN RAISE COST OF REFINED

Special Dispatch to The Star.
CHICAGO, III. August effective Sep
TENDER ! a reduction OF g cents barrel will
be made in the price of cruae oil In the
Southern Illinois Held. according to a we'll
defined report that is going on. This hc d
is new one, not connected with pipe
line yet. and in point Of production is sec
ond only to the midcontinent or Indian Ter
Iitory field. The price paid for the oil is
now 6s cents, while that in The adjoin-
ing field of North Lima and South Lima,
said TO produce the same grade OF oil, is
- cents and 50 cents barrel, respectively.
Should this reduction b. made general to
all the oil-producing territory in the United
States 1t would afford a way for the Stand
ard company to pay the enormous fine of
S29.2io,G1 in two years, providing a slight
increase were made at the same time in
the price of refined oil.
Saving and Profit.
According To the latest report Of the COM
missioner of corporations the Standard 3
consumption of crude ell in 1901 was 70 69S,
rs' barrels y reduction of S cents Il bar
rel in the price would mean a saving 10
the trust Of siI55,e SO The sane source
gives the total prolu ton OF refined oil
by tie Standard for the same period at
2i.34l,179 barrels nf fifty ga Ions each An
increase of cent a gallon on this fined
oi! would WELD profit Tor the Standard
Of 5000, :,s@.-yn. The sum of this saw
iG2 and profit totals SI5.o1 - 40 or
over half the fine which judge L3ndis
rscc.-s = 81 7-3ti-. company. In this way the
fne could ne raised in Two years and not
disturb the dividends,
Raise Pricesp" Of Course Not.
NEW YORk, August 5.-Charlcs NJ
Pratt secretary Of the Standard oil Com
pany. said today that the company has nc
intention of advancing the price Of oil. Nj
Pratt said:
The statement attributed TO Mr.. Cham
berlain of the National Petroleum Associa
ton of Cleveland that such an advance il
10 be made is entirely unwarrantcd and alb.
solutely unfounded. Mr.. Chamberlain, who
represents competitor of this company
Is challenged to reveal the source OF his
INSTRUMENTATION"
Consumer Will Pay.
Special Dispatch TO The Star.
by the consumer of the fine of $40 24O, ON
assessed against the Standard OIL Comban,
by Judge Lands in Chicago Saturday is
now being planned, according to inforna
tion received by G. D. Chamberlain secre
tary of the National Petroleum Association
Mr.. Chamberlain says the standard putt
into effect during the present month al
average increase of 10 per cent ON al
classes and grades of petroleum, and 1t ma,
go to 70 per cent by the first Of the new
year.
The Standard Oil Company is given &
severe scoring In report by the commits
sioner OF corporations, made public today
and devoted to showing of the large
profits made IN The refining of oil.
This is the third report by the bureau
of corporations on the Standard. the pre-.
Vlous ones being devoted to methods pur.
sued in the transportation of petroleum
and to the position of the Standard in the
oil industry. The methods pursued by the
Standard We're set forth with the view n,
showing that they were unfair, both in se.
curing preferential rates on the railroads
and in competing for trade by various de
vices by which competitors have been forcet
Into the background The commissioner
now undertakes TO prove that these meth
DDS have resulted in securing very large
profits for the trust, and that the claim
that the Standard has reduced prices 70 tn,
consumer is without foundation.
The Standard OH Company is response
BILE" Commissioner Herbert Knox Sm.tI
declares, in his letter Transmitting the sum
mary OF the report, for the course Of tn
prices OF petroleum and its products durin,
the Last twenty-five years"
The report the commissioner says, show