The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1907-09-21
Takes Nine Figures 10 State Them
for a Period Of Eight
Years. 1906.
ANOTHER TRIAL HAS BEGUN
Government Inquisitor Has the Hand
Ing Of the Rack Again
Chicago Court Makes a Record
Breaking Bond for the Big
Trust SIX Millions
To BE Put Up.

WV AOfh. sept A'eANiHb AAN"
tie financial workings OF the Stand.
ard OH Company OF New Jersey, the
holding company OF all the subsidiary
organizations OF the so-called oil trust,
Frank u, kellogg conducting tile fed
cral suit for the dissolution OF the
company. brought forth 10 public view
for the first time the enormous profits
made by the Standard Oil company,
In period OF eight years. from 1890
10 1906 Inclusive the Standard OH
company. on a statement spread upon
the record OF the hearing, was shown
70 have earned the total profits OF
S40O.3l5.933 OF az the rate OF more
than S6l.OO0.O0o year and distributed
20 Us shareholders In the same period
sos $50. 4O3
Dug Up Some Fresh Facts.
While the company was earning
these vast sums d the refining OF oil
the statements adduccd at the hearing
show that between 1890 and 1906 the
assets Of The company grew from
S2oO 1ol.H23 20 1871 .064.53l The cap
itni stock IL SOs.33s,3S2 Financcrs
and those seeking knowledge of the
exact profits ~ The Standard oil com
pany have straycn vainly 70 obtain the
figures which kellogg has succeeded
D. placing upon the record 81 the
court
All Except 1000 Shares.
Kellogg also obtained a statement
showing that the Standard OH com
pany OF New Jersey controlled by
stock ownership over seventy compa-
MICS engaged IN the refining and the
transportation by pipe limo Of OH on
sept. "a. 1905 The Standard oil
company Ind always carefully grard-
ed the list az is subsidiary companies
and the amount If IFS shareholdings.
The list showed TINT this company
owned S!gaOO0of the total capifalstock
II 100000 Of the standard OH Com
pany OF Indiana. which was recently
nped SO. 2a0OOo by Judge lands
Those Subsidiary Corporations.
The following llst was introduced
az evidence by Kellogg. showing the
nineteen subsidiary corporations trans.
ferT-ed ~ the Standard oil Company OF
New Jersey. upon It's formation IN
1900 by the liquidatlng trustees:
Anglo American OH company. Allan
tic Refining company; buckeye Pipe
Line company: Eureka Pipe Line com.
pany; Forest OH company Indiana
Pipe Line company; National Transit
company; New York Transit company;
Northern Pipe Line company; North.
western Ohio National Gas com
pany: Ohio oil company; Solar
Refining company; Southern Pipe
Line company. South Pennsylvania
oil company hStandard OH Company
% Indiana: Standard on Company ~
Kenuieky. Standard OH Company ~
New Jersey and Ohio; Standard on
Company Of New Jersey; United Tank
Llnc company.
New York. Sept l0-Prohts ~
more than 600 per cent. per year are
made by the Standard OIL Company Of
Indiana, the corporation sentenced 20
pay fine Or S2oei00oo by Judge
Lands In Chicago The company's
profits for 1906 were sl05lG,os2 and IN
1907 they werc Ss,Sa3.410. total for
two years business ~ Sl9.2Go.4o2 The
Standard oil Company Of New Jersey
owns 1890 shares Of the Indiana com
pany's stock The Indiana company
Is capitalized M 100000, The diyl-
dend paid nv the Standard OIL com
papy OF Indiana last year aggregated
81. asa. 800 ar a little more than S6,ooO..
OoO, 600 loss than the profits.
The fgrcs were presented IN the
federal proceedings here against the
standard oil Company OF New Jersey
The dividends and profits OF sixtesn
other subsidiary corporations were
also given.
New York. Sept 10 Evidence was
adduccd az the hearing Of the federal
suit against the Standard OH Com.
pany or New Jersey. which Frank -,
Kellogg. who Is conducting the gov
ernment's action. says tends 70 prove
that the Standard OH company i OPP
erptlng in Texas under the maine %
the Corslrana Refining company Tho
Texas antitrust aws forbid the Stand
and from doing business within tie
borders OF that state.
Mr. kellogg developed from Wesley
II 1Nlfmd treasurer or the Standard
OIL company. that T. g Folgcr AMI
c. NJ Payne. who. Mr. Kellogg says.
are The owners ~ the COr~icnna com
pany. arr officials Of the Standard OH
company Mr. Kellogg further de-
velopcd the fact that John u Rookie
teller IN iSg2 at the time OF the disso.
luton 81 The Standard ON trust owned
2a0.SJl shares ont 81 total ~ 3D.
600 shares ~ trust certificates
Sly MILLION DOLLAR BOND