The Lee County journal. (Leesburg, Ga.) 1904-19??, 1909-04-30
STANDARD OIL Cash is PUT in FOOD and DRUGS
Individual Stockholders RVeSt in Restaurants and
In Soap and Also In CaldeSBuS Department No. 20 Broadway
Seeks Opportunities Far and NeaFaS Enough in Petroleum
mo Increase OF Capital Possible Because the Com
panY Has All Needs in OIL
pany Has All It Needs In OIL.

New York City.-Standard Oil
men, with Standard Oil dividends, are
reaching out for the larger retail
trade.
They are applying to the field Of
investment the Standard Oil methods
which have proven so potent in every
line of competitive business to which
they have previously been applied.
The retail lines which have recent
ly attracted the attention of the men
who have been trained by the master
hand of John D. Rockefeller embrace:
Drugs,
Soap
Candies,
Peanuts,
Milk, m
Starch, ~,
Glucose products,
Restaurants
For more than year the work
of absorbing or, at any rate, gaining
a controlling interest in enterprises,
which in many instances seem to
have no connection with the produc-
ton of oil, has been going on quietly
but actively, and the complete roster
probably would make interesting
reading.
Acquiring Many Businesses.
Some Of these concerns in which
individual stockholders of the Stand
ard Oil Company are heavily inter-
ested are the Hegeman Drug Com
pany, Childs' chain of restaurants,
the Corn Products Refining Company.
the New York Glucose Company and
the National Starch Company. But
there are more to come Reports,
which bear every evidence of verify
are current that great candy estab-
lishment with many branches in New
York and other cities has recently
passed into the control Of Standard
OIL interests.
Peanuts and milk probably will be
next on the list, for the same reports,
based on excellent authority, are that
these oil interests have already OBJ
tanned control of what is known as
the peanut trust, and will soon, If
they have not already, acquire one Of
the most extensive milk producing
businesses in the country.
All these transactions are the out
come Of what is known as the ''in-
vestment department" of the Stand
ard OIL Company This is entirely
for the benefit of the large stockhold-
ers and the work is conducted in an
unobtrusive manner.
Money Must Not BE Idle.
So thoroughly does the Standard
Oil Company now cover the ground
and the earth that 1t has all the capt.
tai that 1t needs and is practically inn
possible to put more money back into
the industry, which yields annually
millions in profit. Standard Oil divi-
dends, therefore, are constantly seek
ing reinvestment, for 1t is one of the
axioms of John D. Rockefeller him
self that money must not be idle. The
head Of the investment department
or bureau was until recently a man
who is now a banker and broker in
Wall street. Thare has been a reor-
ganization lately, but the search for
good opportunities is under the gen.
eral direction of an accomplished
financial scout who has corps of
trained assistants.
There are numerous firms or COM
panies which have an established rep
utation and feel that If they had adj
ditional capital they might greatly
extend their business While they
are making inquiries they may re-
ceive visit from an agent, who says
that he has heard something of their
endeavors and intimates that if the
enterprise meets the approval of his
principals it would be possible to
come to an agreement.
o. p