Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1911-12-06
STANDARDS TRUST DAYS OVER.
No Apparent Difference to Consum-
crs for the Present.

New York, Nov. 30.-The career Of
the "oil trust" officially came to an
end to-day. The Standard OIL Com
pany, Of New Jersey, sometimes call
ed the father Of trusts, and perhaps
the most celebrated corporation in
the"world, will no longer control the
affairs of the oil company Of more
than thirty corporations in various
branches Of the oil business. Begin
ming tomorrow, these subsidiaries,
which, under the decree Of the Uni
ted States Supreme Court, must con-
duct independently the various en-
terprises. will assume entire manage
ment Of their own affairs.
The oil trust, theoretically, passed
out Of existence on August. 81, when
the books containing the records of
the companys stockholders were
closed for distribution Of the stock Of
the subsidiaries, but during the in
tervening period of readjustmcnt it
form to large extend. Now the
work Of disintegration has been COM
pleted. The stock issues represent
ing the subsidiaries will pass into
'he hands Of owners Of old Standard
Oil stock tomorrow, and the threads
which have long bound the old COM
panies together will he severed.
Not Difficult Task.
The task Of effccting dissolution
was made less difficult by the fact
that the subsidiary companies never
had lost their identity. They have
retained their separate officers and
boards Of directors, and to a large
extent have conducted their own af-
fairs from their home Offices. in what
ever States they we're. These COM
panieS, however, have had represen-
tation at 26 Broadway, the home OF
the New Jersey corporation, which
exercised general direction over all
their affairs. 1t is this connection
which will end. Subsidiaries which
have not already surrendered their
Offices at 26 Broadway will do so, and
hcnccforth the affairs OF each COM
pany will be conducted in its home
State. The Standard OIL Company,
Of New Jersey, will continue to cxer-
else control over the large plants.
Multiplied by Thirty.
Each stakeholder will be forward
cd his share Of stock in each of the
subsidiaries, so that in place of one
issue Of stock he will have more than
thirty. Subsidiaries will continue to
exist as heretofore, except that in
cases where the same men have acted
as officers or receivers OF more than
one company change will be made to
avoid such duplication.
In the removal officials in subsihl-
aries who have had their Offices at 2G
Broadway, large number Of whom
for years have lived in New York
will be affected. Scores OF officials
and clerks will be transferred TO
other cities.
The pnblic's relations with Stand
ard Oil will not be visibly affected, ut
least for the present. No one is able
to forecast the ultimate effect of the
dissolution, whether it will have any
bearing upon retail prices Of oil or
not. Increased competition Is cx.
pectcd. but the public will be obliged
to bidc its time before fndino ont
whcihc it is to have cheaper oil.
Il have been somewhat costive, but
DoanS RcGulets gave lust the rc
suits desired. They act mildly and
regulate the bowels pcrfcctly."--
George i. i<raNSc, sos Walnut ave.
All lOOMN. Pa.