New-York tribune., 1909-11-23
OIL HEADS GATHER
CONSULT ON DECISION
Counsel Preparing fppodl -
Dissolution I'm probable.

T1eTf WHF No - f0erNe - No. = kr0a0
vesterds, thar fhere vas p confer
sn-e - counsel directors and officers q
fns .Sron7arS OIL company on 80 adverse
o~~lsio~ MADE - & Paw on ssturdsy- r.
Vss gong oD quietly. however IN Room
iaa- the oeioe ~ Nortirnsr Elliott
Vow ar Official y Vas learned that f'e
-1oefi~r vsr fhs weekly gathering - the
d-e~'ors Tt soon became "Aideut. from
casual opinions fnat tho decision was no
ioure~ regarded rs rheoreti~s'
ror- T. A--hho.d prsc3icsl head - the
r~--pa-H. eau ffe wide eVeep ~ the erect
~ the 6ndiuF ~ rhs court n upheld on sp-
peel NJ Archbo'd SAID.
. think that This decision vii hasten
SOM revision of rho provisions 81 tn-
sherman act ar rho next session ~ Con
sr~ss. The lsr rs generally regarded hv
business men as had lay. 7 fniuk that
tho offr'sls ~ NashinEron have nov come
20 the same conclusion in regard 10 d.
Even NJ. Roosevelt believe was finally
convinced that tho act was q pe-nicious
ons
~ the decision - tho court is carried
oui 30 tho letter" he continued with eu-
phasis. III vii form tho basis of the
dissolution ~ nof only the principal indus
t-isi combinations of tho country. hut
~ouid even restrain business copartner-
SHIPS
MorttE Rosenthal tho counsel Who pro
pared the case and Who Was tho main
counsel for rho defeuc. IN the trial. vas
ir conference with some ~ the officials Of
rho 0"mpany. John =. Mlhuru was also
s~tiNe. as pere tho other counsel There
siu bs snot nor conference to-day. and
meetings viii bo held until ground for ap-
pea has been mapped out.
NJ Arrbbold took fEhriDE ground q IS soon
a. 10 reached rhe office of Inc standard OiI
ornpary yesterday. when asked whether
tn' company was ready % aDi,cs.. hc said
E Was getting ready. addinE
We have got 70 DO business. and the
quicker our rights are defined by the United
states supreme court the better. We SIN
7'v wanr ia md out as soon as Qoss lble
.gs' What our rights and r~i,fleges are
Martin ". li,tlefor. vho is counsel for
morse. mad read 'hs decision a. published.
he ssId when seen yesterday. He did not
..'lievs nat tho finding So far as n" was
aide TO ludge. represented The permanent
policy of the sdministratiru. tie said
y DO not believe that the Interpretation
~ m" set can he said 10 he sympatheucal-
Iy viewed IN Washington Tho decision
-egresenfs probably. a cure for Tho Stand
~-7 oil. but not for all combinations. II Il
.Hes represent ths policy of ths govern
r0r. sn1 he commodities question. and
e-0roiy rhe-n "a 4 message 10 Congress
t1r action u,u the results.
Tris v great ,nomic question and
ct political one" Mr.. 1attleton coutiu-
aed "sAd Congress ought 20 meet it, All
E-e.t business ventures have taken on the
-Drporate form N the advice OF tile states
and fhe national government While there
res been much abuse, IL Is really foolish
Jo bun the house TO get the rats out"
r~.wiD Hawley, who has great corporate
t-.'e-ests. assumed. when seen that Con
E-Hss AZ its next session would take some
7~uo7 thar would tend 10 modify the SheT-
'r1r sc; Fe also assumed, he said, that
fHs supreme Court would. when the case
I'D beer presented OF appeal. hand down
Ir~islon - quickly as poesibie. he said.
-.H the mean time II should be realized
l.a- me business Of this country must 20
... a.s thai a way viii be found 10 Go IL,
s.r-.uch the names ~ companies and The
citations OF securities may be changed
-fr-eVhaf- 7 don't see arv reason for ap-
-rrHe-sion either Eith respect 70 the ar
-sl- ,r corPorsiious or the securities mar
lrr"
~ judge Fiber a. Gary. chairman 81
40 --rit-d STATES Steel Corporation. SAID
lats yeSterday that he did not think
--r ~, SioT Would have any eject Rhat-
--r- -pon IRE United States Steel Corpora
"r- He said he had several good reasons
.- aeleviug ti.is. MT did not care 10 sN-
--essS tisus ~ his 1,rne.
T-o-e was much speculation regarding a
r % :o meet th- requirements ~ the Sher-
r-ar at 80 "a - the standard on Com
pa-y vss concerned. Total dissolution did
no. ertrr into any of the plans. T. was
~
uoUpa-y ;hAt ;he only way out seemed ID
- % f0rTn gigantic corporation 10 take
ose- mo physical properties anG 20 do the
-l> ness as = me oomuany's scope were
,,.~-1ed 10 a single community
T-~ decision was the PRINCIPAL subject OF
session IN the financisI district yester-
e.- Tre FeNe-al nervousness vas refecj-
- -le s,Ook market which was weak
o7 neral iaBi iariOn. the declines ranging
f-u- a. - points "a the early trading
--s-e acre fEo notable exceptions 10 the
g. lo-5' weakness Reading and 'onsoli-
csss-l tias Tho after gained "a and the
for~er - uointr ~ me DAYS transac-
u00s Readius Nas Aiso nc leader IN
r--'-r - C1fYtfy
.- .te ,-r--r STANDARD oil STOCK orene-
- 'osr or - points From saturday,
e.rss rde~ heayy volurne or trading
fr- friv SOD 20 declined stil further 10
g. '<s~-e -he-~ was rally u hicb carr'ed
20 points above the oT-=ninE price IN
go ,Ssr hou- -re rr5ns again declined. the
-s.sivE h@r1E - net lr~s ~ - points
-'e rrezl rrsrssrr ions we've san shares.
r-r--Tc-s-f uSf- ~ 80 tcra! ssies cr Sar
-e-
H-s. --zge c~-os- we've crowded hong re-
'r-e 80 o0e-fur 20 the r1srkr' Yesterday
49, c-s1r-1e-- anxious fo gel ths opinion
o. -. hvokeYs r,zarcinE the e-r@ot The de-
osl,r Var IKE. - have On Prloes ann
-~1-sF --r1 oUf-rf-toVu connections were
E-~r-7e5 VIZ inquiries fro-T persons ali
s-.s- 80 ocu-;-v Earr,nE 20 troE What
- awe vas gong - %.
-n-rrr- nxrnrnr TTEcTEn