The Washington herald., 1907-09-24
STANDARD CONTROLS
TIDEWATER OUTPUT
CONTINUED FROM PAGE ONE.
How Rocl,creIIer wins.

notice, as a proceeding which, from be-
ginning 90 end, was farcicai, its character
fraudulent. ana its results void.
How ROoI,cTeIIer Wins.
Air. BENSON was asked TO turn to the
records of the Tidewater Pipe Line Com
pauy and find just vino OF the stock
holders present at this illegal meeting
wele subsequently recorded as having
transferred their stocks 10 the Standard
Oh Company. Those who constituted
tne trump parliament were. a. w.
Perrin. II. l. Taylor, B. 3IcHelvey, John
!. Mckinney. T. ). Mcfarland, y. c.
Patterson, L. p. Stuart, George a. Berry.
AID John Sattcrheld The stocks OF all
these men. except Perrin and Nckelvcy,
10 the amount of Sol shares. were trans
ferred 10 II. H. Taylor, who was an
avowed Standard OH man. and on August
/ u, 1884, he transferred the entire block
/ 20 George W. Cotton. From Cotton the
shares found their way TO William c.
Rockefeller, in 1850, through John II. Cuth-
+ bert Although the two companies were
recently reorganized and Jhe oil COM
pany made the parent corporation. the
Standards holdings have remained the
/ same. said the witness
/ The Tidewater secretary told Of the
contract entered into between the Stand
/ ard oil Company and the Tidewater re-
! iueties on October 9. 1>3. which In "A
changed form exists to-day and enters
into TIE bill OF complaint uied iu the ST.
J Louis court I'm the present suit by tn,
/ terms of this contract the Standard Com
I paGy and twenty -five smaller corpora
tons, in which IL held am interest.
. have IS ID per cent OF all the refining
( business OF the companies entering upou
( the agreement, ana the four reunelies,
representing the Underwater corporations,
should get l. - per cent, Stipulut8us
+ between the Standard Company sUhsld-
/ larry pipe lines and the Tjdewatyv Pipe
+ Line Company were made hy the contract
regulating the gathering and transport
/ ing of oiiovcr these lines The contract
WIS annulled said Benson, after the pas
sage of the Sherman anti-lTusI law, but
( was renewed IN modified form shortly
after.
Contract Little Changed.
by the provisions OF the revised con-
I tract the monopoly ON the refining bust
ness is done away with. but the Standard
+ Company obtains control of nearly an
/ the output OF the Tldewutsr renuerlas.
while supplying them with crude oil This
contract has been reHew5d at ten-year
periods since its revision. and very lately
+ il was renewed for a tou-year period
/ commencing with 1906
/ The Standards producing company and
/ pipe lines supply 1900 barrels of oguJ
/ oil day To the TijewaJer rennegios. said
I Benson, according TO tEe terms of This
/ contract This is enough 90 keep the re-
/ fneries up 20 their full capacity. Through
! IT'S interests in the Associated Producers
/ Company the TldeWater on Company bias
la share OF the crude that sUauts iu AL
/ legany County, y. r.. iu tle PonusyI
vania fields. and Indian Territory. 7Jut
most of this supply cannot Gee procured
conveniently by the TiGeWater Concern
and goes 20 the Standard corporg.l5n uu-
der the terms OF their canrrCt The
/ Buckeye Pipe Line Company. OF Ohio, q
/ STANDARD subsidiary. transports au of the
/ oil from the Ohio fields THAI The Tide
/ water receives from that source
Doesn't Compete with Standard.
Only per cent of the total production
/ OF the Illuminating oils from the Tide
! water refneries is sold 20 the domesti.
+ trade. and 81 per cent or that business
goes through STANDARD hands by com
Segment Standard tank steamers carry
/ q per cent of the Tidswater export prod
/ net 20 Europe. What export oil th.
I Tidewater does not handle itself goes in
cases o. South America and Africa. ana
. does not in any sense compete with ID.
Standard product.
/ Il was officially denied ar the STANDARD
/ OIL Company offices here to-day that q
/ reorganization was contemplated