Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1909-11-25

company, Pracve Oil and Gas company.
Security Oil company. Solar Refining
company. Southern Pipe Line company,
South Pennsylvania Oil company. South
west PENNSYLVANIA Lines company. Stand
ard Oil company OF California. Standard
on company Of Indiana, Standard Oil
company of Iowa. Standard Oil company
Kansas, Standard on company of Ken
lucky. Standard Oil company Of New
York. Standard Oil company Of Nebraska.
Standard Oil company of Ohio. Swan &
Pinch company. Union Tank Line COM
pany, Vacuum Oil company. Washington
Oil company. Waters Pierce Oil company,
have entered into and be come parties to
this combination and are either actively
operating or aiding In the operation OF It:
that by means Of this combination the de-
PENDANTS named in this section have COM
bined and conspired to monopolize, have
monopolized and are continuing to mo-
nopolize n substantial part of the COM
| merce among the States. IN the Terrific
ries and with foreign nations, In violation
Of section Of the antitrust act
STANDARD EXCHANGED STOCK
| Section declares that numerous Of the
| defendants have not been proved to be
| engaged in the operation or carrying out
| Of the combination and the bill Is dis
| missed against each of them. The decree
| continues:
Section 4. That the formation and
execution of the combination and con-
spiracy the Standard company has is
| sued its stock to the amount Of more
! than Se0,o0ho0o in exchange for the
| stocks Of other corporations which 1t
| holds and it now owns and controls all
Of the capital stock Of many corpora =
| tons, n ma jority of the stock or con-
| trolling interests in some corporations
and stock in other corporations"
The decree here gives a list OF COM
panies, their total capital s'ock and the
| amount held by the Standard Oil COM
| pany in each and then recites the
| amount of STOCK controlled by the Ma
tional Transit company.
| The decree says further that the
| Standard company and tho corporations
and partnerships named in section .
| are engaged in the various branches Of
the business Of producing. purchasing
and transporting petroleum in the prin-
cipal oil producing districts Of the
United States, In New York Pennsyl-
| vania. West virginia, Tennessee. Ken
lucky, Ohio. Illinois. Indiana, Kansas,
and California, and transporting the oil
| through the pipe Inns owned or con-
trolled by these companies; that the
| Standard company IL engaged in re-
nning petroleum and manufacturing it
into various products and in shipping
them through the United States and to
foreign nations. and that tho Standard
company controls the subsidiary com
panios and directs tie management
| thereof 80 that none of these compa nics
| completes with any other company, but
their trade is all managed as that OF n
single person
REsTRAINS SUBSIDIARY FIRMS.
Section 5--'rhat the Standard COM
lpany, it's directors, officers. agents. SER
wants and employees are enioined and
prohibited from voting any OF the stock
in any of the subsidiary companies
named in section ? of this decree, and
from exercising or attempting to oXer-
else any control, direction supervision or
influence over the acts of these sub
lsidiary companies by virtue Of its hold
ing OF their stock.
And the subsidiary companies
are cnjoined and prohibited from declar-
ing or paying any dividends to the Stan
dard company on account OF any OF the
stock Of these subsidiary companies held
by the Standard company and from per-
hitting the latter company to vote any
stock in or 10 exercise any con.
troll over said companies by vir
tue of such stock or by virtue OF tho
power over such subsidiary corporation
acquired by means OF the illegal com
hinatiOn.
"But the defendants are not prohibited
by the decree from distributing ratabl!
to the shareholders Of the principal com
pnny the shares to which they are equit
ably entitled in the stocks Of the de
PENDANT corporations that are parties Il
the combination.
', MONOPOLY MUST END.
Section 6-That the defendants name
D in section 2 Of this decree are enjoine
from continuing or carrying into furthe
: effect the combination adjudged ilega
Q hereby and from entering into or per
1 forming any like combination or con
| splracy. the effect Of which Is. or will b
to restrain commerce In petroleum o
I its products among the States or In tn
Territories, or with foreign nations, o
! to prolong the unlawful monopoly y