Daily press. [volume] (Newport News, Va.) 1896-current, 1909-02-04
OIL TRUST SNUGGlES
UP TO MISSOURI
Standard OIL Sets al Missouri Guess
ing by Inviting State
Partnership.

| JEFFERSON Getty. Mo. Feb. Sat
tOrney General Major has not decide
whether h" will recommend to the Su
preme cCurt of the STATE acceptance OF
the novel proposition which Che Stan
dald Oil COmran% through its a;;t +
n'y flied with that tribunal yesterday
The proposed procc cure Is said "a
/" without precedent and State Of
/ ficers are puzzled by il. The suggcs
ton to the cour' comprise o5,0o'
words. The principal Point brin: a pro
| pCral that. in li,I of the custer Gr
csion against the company. i new
Missouri corporation be formed TO sue
| coed 10 the business of the STANDARD!
Oil Company IF Indiana in this STATE"
The stock Of til" INV company. less
en- u"h shares for til" qualification ot
directors. is to h" Issued to two
trustees. one appointed nv III" Stat"
ind the other by the COMPANY hu'
beth approved by tn" Surrcm" Court.
These trustees are to act "a officers
of the court and aS such vie OF con.
troll the stock Of tn" new COMPANY.
The stock of IN" Wat"rPir"C' Oh
Company. now owned hv lii" STANDARD
Oil Company CT New ,I"rsr-. is TO b."
turned over t the new company also.
Nothing is said a 20 the remission
OF $iIU.o00 in fines levied against til"
companies. and the S,iUp0SitiCn is that
the companies are willing 20 pay the -
without further controversy. TIL"
avowed intention Ct tn" company is
20 preserve the big Sugar Cr""k' re-
fn"ry near Kansas City.
, Reasons Names In Brief.
After setting forth reasons why the
sale Of Gil sh0rld not be o-I'iawed. the
| brief which was fled Yesterday. says:
This respondent is willing to place
itself and its business under the vict.
liant eye Of the State and subject to
the supervision and control OF thi
court. if il will aid in the solution "f
a difficult situation IF some. such ar
ranGemrnt he acceptable. the owners
| Of the nlapority sock of tn" Water,
Pierce Oil Company will place that
stock in the same situation
1T is therefore proposed in lieu o.
III" judgment Of custer against the
Indiana compan:. that:
a new Missouri corpora: be
formed. which shall take over all The
Missouri property OF the Indiana com
panv and succeed TO all its iusiness
,, in this Etatc All the stock Of the
new company. less enough ~ qlalifv
directors. shall be issved 10 and for
four years standing in the names Of
Two nersOnS - trustees. one selected
by the state and the other bv the
Ind?ua COMPANY. both selections t. be
approved by this court.
Arbitration Provided For
These trustees shall act al officers
OF this court and, subject TO it's con
trCl and direction shall so vote the
stock and keep viSi'ant supervision
over the affairs of the company as
TO see that I; conducts them in such
a way that fair. just. lawful and prop
CT tr"arm"n- is accorded 10 the pub,
lie rs well as &c the property Of tn"
company
II ever. a. 10 an. action To y" tar
| IN or pursued. the said trustees can
not agree. the controversy shall w
| submitted 20 h" judges Of this court
o. some one named by them as arbi
TRAITOR. the decision OF III" judges az
|, ;hcir arbitrator to b. final
| This respondent would prefer not
| 20 form new company, II w"nl'!
prefer Ia remain in n" sta" and
have appointed suCh trustees. giving
them ~ irrrvOcahlc prw"r 90 al.
] - rncv. fuiI power Of supervision "v"'
tn" conduct OF il hUsin"S- III II
sCrri, such as :ha' outlined With ="
| poet 30 nov COMPANY
| TIL" Stcrk "f h" W"tcrPi",C" C"ia
| PAW. owned t.: the STANDARD OIL Com
,,anv or New jersey. shall h" sold and
transferred tn and l,-cGrn" II" I.r. pr
Us 81 ~" Missouri COMPANY thus form
Cd az. in ii"r Thereof: 4 shat 10" tran :.
frrr"t - and y" held ny sad trustees
for IN" sam" IPT,Od