Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-08-05
PLANS MADE FOR TRIP
Admiral Evans and Naval Off
Gals Hold Conference on
Pacific Cruise
SHIPS TO BE ovERHAuLED
After Being Docked and Repaired tho
Fleet Will Start on Long Western
| cruise-Report That Taft Will Leave
i the cabinet-Another Blow at
i Standard Oil.

I the Cabinet-Another BLOW az
Standard Oil.
wa shington, Aug. 5.-Rear Admiral
evans. commander Of the Atlantlc
feet. and Captain Ingersoll, his CHIEF
Of staff, came to Washington for con-
ference with Acting Secretary New
berry, Of the navy department, ana
Rear Admiral Brownson, chief OF the
bureau of navigation, on the SUBJECT OIL
the prospective cruise Of Rear Admlrai
Evans command to the Pacific. They
talked for an hour or more pehiiiu
closed doors in the sscretary's orice.
Rear Admiral Evans and Captain
Ingersoll have been charged with the
working out of the plans for the cruise.
This is considered a much more sem
sible plan than to have officers IN the
denartment arrange the details. Ac-
cordingly, Rear Admiral Evans, having
thourht the problem carefully over
yesterday, came to tell the acting sec
retary what he thought should be done
by way Of preparation
Mr.. Newberry would not discuss the
tubiect in any detail, contenting him
SELF with the observation that the con-
yerssltion dealt with the sending OF
the ships to dock after they have nm
tshed their battle target practice at
Vineyard Haven. The bureau of equip
nnent will now set about arranging LOT
suffirsent coal supplies for the fleet
during its cruise to the Pacific coast
via the Straits of Magellan.
Rear Admiral Evans gave out the
program for the remaining summer ana
fall drills. He expects to- leave New
York. Saturday on his flagship, the
Connecticut, which has been undergo
ing repairs at the New York yard, and
go to Fortress Monroe, where, a1ter
!. coaling, he will proceed to Rockland,
Mass During this trip the Cennecti-
cut will be given her speed trial, Au-
gust s, but there will be no race up the
coast between the Connecticut and
Louisiana, as was expected.
The Virginia, the New Jersey, the
Rhode Island, the Georgia, the Ala
ban1a. the Illinois, the Kentucky and
the Kearsarge will be at Providence,
s Me-, August 20, for the celebration
which is to take place on that day.
Most of the battleships will probably
Irrive about August Is. After that
me fleet will run up and down the
coast without reference to any par
ticular program, simply maneuvering
and drilling until September !, when
they will be thoroughly overhauled and
made ready for their long cruise.
Rear Admiral Evans said today that
after the fall overhauling the hees
might be considered in prime condi-
ton for a cruise anywhere in the
world. While the fall overhauling is
not an essential feature to the coming
cruise, as the fleet is at present in ex-
cellent condition, nevertheless, as the
docking facilities on the Pacific are
J, not of the best, it is deemed advisa BILE
that the vessels be thoroughly over
hauled before leaving the eastern coast.
Some Of Secretary Taft's friends So
licitous to push his presidential can
didacy, are renewing their advice to
him to resign from the cabinet next
winter They think that by so doing
he svould relieve himself of the charge
of being Roosevelt's legatee and remove
some friction that exists thereby.
1t has not developed, however. that
Secretary Taft agrees with his advis-
ers, and. he has not given any indica-
\ tiorls of intention to get out Of the adj
1ninistration.
Secretary Taft hopes to spend sever
al days in Yellowstone national park
on his coming western trip.
Significant revelations are made pub
lie in a report submitted to President
Roosevelt by Herbert Knox Smith,
commissioner of corporations, con-
corning the operations Of the Standard
Oil Company. In a previous report tho
means and methods of the Standard
were explained.
The present report sets forth the ef-
fece of these methods on consumers
and on the profits of the Standard Oil
Company.
Commissioner Smith says: "The
Standard Oil Company is responsible
for the course of prices of petroleum
and its products during the last twen-
ty-fye years. The Standard has con-
sistently used its power to raise the
price Of oil during the last ten years,
not only absolutely, but also relatively
to the cost of crude oil"
The Standard has claimed that 1t
has reduced the price of oil; that it
has been a benefit to the consumer,
and that only great combination like
the, Standard could have furnished oil
49, 10 lal
each one of these claims" says
Commissioner Smith, sis disproved by
this report" The increase in annual
profits Of the Standard from 1896 to
1904 was over s25oOo,ooo.
The report says: "The total divi-
dends paid by the Standard from 1882
to 1906 were s551.922,904. averaging
24!15 per cent. The dividends, how
ever were much less than the total
ea4 aings. 1t is substantially certain
that the entire net earnings of the
Standard from 1887 to 1906 were $780,
100000. and possibly much more.
These enormous profits have been
based on an investment worth at the
time of its original acquisition not
more than s75,000,000."
In his letter TO President Roosevelt,
Commissioner Smith says: The fol-
loving facts are proven: The Standard
has not reduced margins during the
period in which it has been responsible
for the prices of oil. During the last
eight years covered by this report
I,ooo 10nsN ~ boe both DriceS