New-York tribune., 1911-12-01
INSURANCE ABUSES TO CO OIL TRUST ENDS CAREER.
Standard Co. of New Jersey
Gives Up General Control.
| MANY OFFICIALS TO MOVE
Will Leave No. &c Broadway for
Offices of Various Corpora
tions in Other States.

tions in Other States.
The career of the oil Trust officially
came TO an end yesterday. The Standard
Oil Company Of New Jersey sometimes
called the father Of trusts, and perhaps
the most celebrated corporation ~ the
world, will no longer control the Affairs
as the holding company, of more than
thirty corporations IN various branches "t
the oil business. Beginning to-day, these
subsidiaries which under the decree OF the
United States Supreme Court must con-
duct independently the various enterprises
will assume entire management Of their
own affairs.
Th oil Trust theoretically passed out Of
existence on August 81, when the books
containing the records OF the company's
stockholders were closed for distribution OF
the stock Of the subsidiaries. but during
the intervening period of re4dustmcnt IL
was necessary 10 preserve the old form TO
a large extent. Now the work Cf disintegra-
ton has been completed The stock issues
representing the subsidiaries viii pass into
the hands of owners of old Standard OIL
stock to-day and the threads which long
have bound the old companies together will
he severed.
The task OF effecting dissolution was
made less difficult by the fact that the sub
sldiarv companies never had lost their
identity. They have retained their sep
arate officers and boards Of directors. and
to large extent have conducted their
own affairs from their home Offices, in
whatever states they were. These COM
hay a n
at No. 96 Broadway. the home of the New
Jersey corporation, which exercised general
direction over all their affairs. 1t is this
connection which will be severed. The sub
salaries which have not already surren-
dered their Offices at No. 26 Broadway will
do So and honcetorth the affairs Of each
company viii be conducted in Its home
state The Standard OH Company Of New
Jersey will continue 10 exist, AZ it owns
several large plants.
To each stockholdcr will be forwarded
to-day his proportionate share Of stock in
each Of the subsidiaries. so that in place
of one issue of stock he will have more
than thirty. With the new stock there is
sent the address Of each subsidiary and
the location Of its office for the transfer of
stock The subsidiaries viii continue TO
exist as heretofore. except that in cases
where the same men have acted as officers
or directors of more than one company
changes will bc made which will avoid
such duplication
The removal of the officials Of subsidiary
companies which have had their offices at
No 26 Broadway will affect a large number
of men who for years have lived in New
York minor official of one company
who has Just completed paying for q home
I'm the suburbs must go 10 Denver Others
will go all the way to California. Many
officials and clerks will be transferred in
this way
The public's relations with Standard oil
will not be visibly affected. At least FOR the
present. No one is able to forecast the u-
innate effect of the dissolution. whether it
will have any bearing upon retail prices or
upon the relation OF the companies in the
Standard oil group with the independent
producers. Increased competition is ex-
pected, but the public will be obliged to
bide it's time before finding out whether it
is to have cheaper oil.
The following information was sent yes
terday to all stockholders:
Atlantic Refining Company organized 1870.
annual meeting first Tuesday in March.
Anglo-American oil Company. Ltd. dSsO, no
Bofno~sc1.mser Company ds9a) last Monday
Buckeyc Pipe Line Company 1896, fourth
Chesebrough Manufacturing Company Consoli-
dated 1sS0i. FIRST THURSDAY in May
Colonial Oil Company DDl, second Tuesday
continental OH Company Gss4, second Thurs
crescent Pipe Line Company ns9D. first Mon
Cumberland pipe Line CO., Inc u90D, first
Eureka T Pipe Line company us9O, third Thurs
&c Gaiena ic sigma oil Company GooD, first Tues
dav after January ].
indiana Pipe Line Company usoD, third
National Transit Company GssD. first Monday
in May. o
''N Northern ri Pipe Line Company nss@, thrd
Ohio oil Company nss7. THURSDAY following
Prairie OIL and Gas Company $500 second
TUESDAY in December.
solar Refining Company 1850. Wednesday af-
ter first Monday in January .
Southern Pipe Line COMPANY 'N'u'' 'hro
south penn Oil Company $3.50. third Tuesday
south West pennsylvania Pipe Lines dss5),
third Thursday in January 800
STANDARD oil Company oi California pe'"'
standard Oil Company OF Indiana 1ss9'. first
Thursday IN March.
Standard OH Company Of Kansas 1882. Soc
ond "Wednesday in May. ~
Standard OIL Company Of kentuchN pNSb''
first Thursday in February. ~
STANDARD oil Comnany Of Nebraska 't"o''
FIRST Monday I'm January o,
Standard on Company of Ne" YORK O"uo''
last Thursday in February. oo,
standard OH Comuenv OF New jersey be"p'
second Tuesday I'm January.
STANDARD or Company = Ohio ns70, hr't
Monday I'm January
swan Finch COMPANY 1S9D, second luesday
IN January. l,co,. ,,,
Union Tank Line COMPANY bN"ll lhTo
"Wednesday IN February 100 -
IN February. ,aa- . ,,-.
'yyaters,Pierce oil Comrsnv n"oo. third