Weekly Arizona journal-miner., 1907-08-14
(From Tuesday's Daily ]

times the amount of the fine. Probably the Standard Oil party by buying stocks at the existing level of prices could in few days manipulate the market so as to realize a profit many times the amount of the fine. The fine is certainly interesting on account of its immensity and as being the largest fine ever paid by any individual or corporation in the worlds history. It is $9,000,000 more than the $2O,000, ,0OO the United States paid Spain for the Philippines; $ii,00o,o0O more than the indemnity Great Britain paid the United States on account of the Ala. bama claim; over sii.000,0o0 more than the United States paid France for the Louisiana territory, out of whicii are now carved the richest states of the Union; s2i,O00,oO more than the United States paid Spain for Florida, and yet there seems little doubt but that this enormous fine will probably
 be but drop in the bucket of that corporation 's enormous resources.
 There is no reason why the stock market should feel nit if the Standard Oil company is obliged 10 pay this enor.
 nous fine. The money probably will accomplish just as much good, if not more in the United States treasury ns in the Standard oil treasury. The gov ernment can cxpenj it in building the Panama canal; in deepening the Mis-. sissippi river; in great irrigation works in the west, and until it decides what to do with it, keep 1t deposited in na. tional banks to aid the money market and help prevent stringency during the crop.moving period. It might use some of the money to build battleships with which to protect the vast foreign inter ests of the Standard oil company.
 | Troubles of the Powder Trust.
 | Another event of the week in finna. cial circles was the governments pro.
 cecdings against the Du Pont deNe- mours company, known colloquially as the Powder trust.
 i, | At present, it may be stated, what has not yet been announced, that Rob ert s. waddell of Peoria, Ill., aas sup. piled the department of justice with all the data upon which the government
 bases its suit. The present action has been partly due to the long and per. sistently waged campaign against the Du Fonts, carried on by Waddell, and , it may be also stated that all the facts furnished by the Peorian have been yer
 flied by the government
 waddell mas told the government that the prices charged for powle' , yielded a net profit of ll5 per cent to the monopoly. Besides creating 2 , monopoly in smokelcss ordnance, it i' , charged by waddell that the Du Pon'
 people have sought to establish an sb solute control in dynamite, blasting and smokeless sporting powder.
 ,l It is the information of a govern ]. ment official, imparted to . representa- 2. . tive of the Journal of Finance, tha the government had intended to file it'
 bill at Cincinnati, but this move wal |, frustrated by the trust, which quick, and entirely unexpectedly disposed o' |, its plant at that point. The dcpsst
 ment does not believe that mere wri . of injunction to restrain the trust vii
 prove sufficient and for this reason |
 will press vigorously its request fo the appointment of receiver. Th
 receivership idea is new and Is first L
 be tested against the Du Pont people.
 The government has ascertained tha
 the powder combine was formed fo |. tine sole purpose of preventing the gov }. ernmcnt putting it out of business d The holding company is known as tn d Dupont International Smokeless Pow d der company. If this organizatio ie should be dissolved by order of th m court the business would be carried O B. by five subsidiary companies, all c u which, of course, arc in perfect agree 'e ment by reason of the presence on th ,e board of each tine same officers.
 70 Preliminary information, which, q Is stated, will be followed by importau q. figures, shows that the company h' m in permanent investment over tto,000 n 900. It Is known that the securiti' it in the treasury amount to somethin In like tlo,OO0,Ooo. while the cash amount
 receivable, together with material an
 finished products, amount to nesrl v oi5,OOO, ,0O0. The treasury account
 -an,I,u.vv In that there ia uOt Of