The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1909-02-16
OILS SUBMISSION
TO MISSOURI
(The Literary Digest.)

Enthusiastic, dubious,
n sarcastic CONNER greets the
proposition of the Standard Oil Com
pany to go into partnership with Mis-
souri,, rather thar be driven from the
State. Some hopeful editors see in
this event the beginning of State con-
troll of the trusts. some regard it
much as they would a proposition by
Captain Kidd to tax into partnership
in his business the judge who had
just condemned him. while other
warn Missouri that the. new partner
will be a dangerous character to hitch
up with. In Kansas. too. the Inter-
national Harvester Company has &C
cepted a court decision involving "a
supervision Of it's prices and business
methods by a State commission. In
Missouri, the standard Oil Company
Of Indiana, confronted with a decision
Of the Missouri Supreme Court busting
it from the State. to make
the State it's supervising partner. The
corporation does not even ask the re-
mission of fines aggregating' $4,000
impose upon it's three subsidiary
companies, but after setting forth
many reasons why the business Of its
large Kansas City refinery on Sugar
Creek should not be paralyzed, makes
it's offer to h State in the following
terms:
This respondent is willing to place
itself and it's business under the vigil
liant eye Of the State and subject to
the supervision and contro! Of the
court, if it will aid in the solution OF
a difficult situation. If such arrange
ment be bic, the owners of the
majority stock of the Waters-Pierce
Oil Company will place that stock in
the same situation.
1T is. therefore, proposed hat in
lieu of the judgment OF custer against
the Indiana company, that:
"A new Missouri corporation be
formed which shall take over all the
Missouri property Of the Indiana COM
pany, and succeed to all it's business
in his State. All the stock Of the
new company, less enough to qualify
directors, shall be issued to, and for
four years stand IN the names Of two
persons as trustees: one selected by
the State n the other by the Indiana
both selections to Oe ap-
proved by this court.
Those trustees shall act as officers
Of this court and. subject to its con-
troll and direction. shall SO vote the
stock, and keep Vigilant supervision
over the affairs of the company as to
see that it conducts them in a way that
fair, just, lawful and proper treatment
is accorded to the public as We'll as
to the property, company, and It's real
owners. If ever, as to any action to
this taken or pursued, the said trus-
tees can not agree. the controversy
shall be submitted to the Judges OF
this court. or some one named by them
as an arbitrator. the decision Of the
i judges or their arbitrator to be final.
This respondent would prefer no,
to form a new It would
prefer to remain in the State and have
appointed such trustees, giving then
by i~rrevocable power of attorney full
power of supervision Owe the conduct
Of it's business in Missouri, as that out
lined with respect to a new
The stock Of the Waters-Pierce
Company, owned by the d OF
Company of New Jersey, shall be solo
, and transferred to and become the
. property Of the Missouri company
!. thus formed; or, in lieu thereof, i
|. shall be transferred to and held by
) said trustees for the same period"
: 1t was stated on behalf. Of the com
pdlS tidC CIC pan "dS doOpAto "a (
conference in it's New York offices
Frank Hagerman, of counsel for thu
: corporation, remarks:
: Our partnership offer may seem {
r bit startling. We think Of no fairel
way to convince the State and thu
people that they are to get a squar'
deal. We have told the State to stel
in and watch us. carefully. If price,
r don't suit. the State can change them
= l. @3sGNyoxfs ia fhaf ar Whiting Ind. tn
Sugar Greek Refinery at Kansas Cit.