New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-07-07
NEW OIL PLAN TO VAL
SST Declares standard Official
MANY DETAILS TO SOLVE
Eas Six Months oniy
0'n After Mandate Of Lower
Court Is Issued

thor positive preUi0' -,
Contrary 70 i@'' there is no hAel-
Il wall Street yes'elu~, n the Standard OH
soo5 Of announcements % %. immediate tut
,-e,,ization plan N 'n' n~ohablv based
--,oso reports weIe .,,,r-oortin-
~ 6,spatches from Fi''Sy - Frequent
upon =, outline Of the pa ...,,- ho-
20 gi'e have been held fe0''','' -,
eon'e'e - officers and directors '',O
tween 'no S,ardard OF Company at TWO OF
sci OF u -s,rb John D. RockeieiieI' '''e
three OF ~ - corporation. has been pres
president .. - 10. e6 Broadway Tor tnat
ent. his -, been the first IN several
purpose Elliott. general solicitor OF
yea's- .-,rsrv who has taken an 49,
the ',,''' .ssse consultations. has !eit tne
par - vacation on account CT '''9
health ,,-a... vice-president and
Rnes = ,re standard oil Company OF
d.F''y y.-ssv. said yesterday afternoon 'na'
NsW 20 80 of the task Of dissoiVins
thoss - -.1iz,rr that corporation could
ana re'' 7',o,,rcament regarding the mat
H'aAs Cd after the mandate Of the lower
's' -, - hsen handed down. II had been
eoDl - that the mandate would appear IN
tXp''', "a a. was now thought probable
guhe a-.,i5 he handed down before the
''.' . ,he current month. The order
EN- ~. based upon the original decision
W. rover court. as modified by the de-
O '"' - .be supreme Court of the United
60. On Nay Is. and its instructions
80 Of course, be followed strictly by
n, company 49,. .,.,,-,-,.
-.rsrine and putting into operation
~ .S.,-gariza-ion plan. Mr.. Moffett con-
- would not begin 90 run until the
- of the mandate which would
- ne end OF the period at least 70
s.,~, the middle Of January. ASKED
/ 60 or not 20 was yet too early 10
w. ~ the probable naure Of the plan
u, Noffett answered.
ar5s general principle OF the whole tnlng
- ~ distribution of the stock OF the
,or,nanies which compose the stand
oq Compauv Of New Jersey 20 the
..,s.-s NJ Standard oil stock. We cannot
- ss,sils for we haven't got as far as
=. se-ans vet A great deal OF work Is
,.r,vad. and I think that there is no rea-
- ,- expecting an immediate or an early
,-,o,,pcerYent OF the plan OF dissolution
and reorganization.
~. P,tsbure dispatches said that Stand
40 Ou stockholders in that city had re-
60 sdvices from New York that the
s,,,sard oil Company Of New Jersey
nd undergo a complete disintegration.
4 an N the subsidiaries. Il was added. which
4 81 been found Hv the court 10 have COM
1 ,,,.s and consr.red 20 monopolize COM
-.-,s would in future be operated sepa-
.,,siv each in IT'S own territory, and their
.r-s would be exchanged for stock Of
~ parent corporation.
mere are a great many small holders Of
Standard oil STOCK owning from one share
:, and in distribution of stock Of the
,-tg,sisry companies 10 them Il would be
-s,sssarv for them IN many instances to
sysr, fractional shares. Dividend adjust
-s,,s. also, would present a question Of
-..a difficulty. as some Of the subsidiaries
can tom 10000 70 E000lC00 a year
eseA. While the annual earnings OF others
d nsl exceed s. 0450o0.
re adjustment ~ these complications
SE-pR5Ien WHEN is engaging much Of
=. attention OF the ren who are now
tlsly az work irving 10 arrange a plan
v.ih shall fully meet the orders Of the
ogr,s Tor the Standard Oil dissolution.