The River Falls times. [volume] (River Falls, Pierce County, Wis.) 1894-1933, 1911-05-18
AGAINST STANDARD
Oil Trust Ordered Dissolved
By Decision OF The
Supreme Court.

without regard to law, the individual
rights of others. 1t is as
serted that the existence of the prin-
cipal corporate defendant, the Stand
ard Oil Company of New Jersey, with
it's vast accumulation of property, be-
cause of it's potency for harm and the
dangerous example which its contin-
ued existence affords, is an open and
enduring menace to all freedom of
trade and by-word and reproach to
all modern economic methods.
Lawful Competition Questioned.
ION the other hand, in a powerful
analysis of the facts, it is insisted that
they demonstrate that the origin and
development of the vast business
which the defendants control was but
the result of lawful competitive meth
DDS, guided by economic genius of the
highest order, sustained by courage, by
a keen insight into the commercial sit
uation resulting in the acquisition Of
great wealth, but at the same time
serving to stimulate an increased pro-
duction, to widely extend the distribu-
ton of the products of petroleum at
g cost largely below that which other
wise have prevailed, thus proving to
be at one and the same time a bene-
faction to the general public as we'll
as an enormous advantage to individ-
ualS.'
Government Fully Upheld.
Commenting upon the Standard Oil
decision, Attorney General Wicker
sham said that the court unanimously
affirmed the decree rendered by the
circuit court in favor of the govern
ment in every particular, save that
give the defendants six months in
stead of 80 days time in which to
comply with the decree.
President Mum on Decision.
President Taft and his cabinet in
the regular session today will take up
the solution of the trust question"
brought sharply before them by the
Standard Oil decision.
The president himself had nothing
to say about the decision. He wished.
he told callers, to read it carefully,
to discuss it with the cabinet and to
dissect it with Mr.. Wickersham. I'm
til these things had been done, he
had no opinion to voice.
Frank 3. Kellogg Satisfied.
ct is a complete victory for the gov
eminent" said Frank B. Kellogg, of ST.
Paul, who, as special counsel for the
government. has assisted in the prose
cution IF the Ease.
Standar,. Head Won't Talk.
New York, May 16.-On the steps
of the Standard Oil building at No. 26
Broadway there stood newsboy cry
ing STANDARD Oil loses!" Inside not
an officer of the company would speak.
William Rockefeller seldom talks and
did not break his rule. John D. Arch
bold is i'll at his home in Tarrytown.
Mortimer F. Elliott, solicitor general
for the company, said that he could
have nothing to say until he had read
the full text of the decision.
Many brokers' Offices kept open late
into the night for London accounts. In
similar previous decisions handed
down after the market closed, the
nnanc1al powers nau peeu dDle 10 get
together overnight and formulate
plans for action in the market the fol
lowing morning.
John S. Miller, who was chief coun-
sci for the Standard Oil company in
the case in which fine of $29,240,000
was assessed against the corporation
by Judge Lands, announced that the
decision was not of general applica
ton.