The Detroit times., 1911-03-07
OIL TRUST Gets
READY FOR WORST
Magnates, Said To Be Hammering
Stocks, Fearing Adverse Decision
By Supreme Court.
BY w. q. SHEPHERD.

NEW YORK, March 6.-Standard
Oil will lose It's night in the United
States supreme court So will the
American Tobacco Co.
That Is the opinion OF Wallst.
John ID. Rockefeller and the stand
ard Oil Co. share this opinion.
Look at Standard OIL" says Wall
st. 1T is bear on the market. IL
Is doing It's best TO drive down the
value OF stocks just to prove to the
country what a terrible thing IL will
be II Standard Oil is dissolved"
In congress the so-called Standard
Oil members have done nothing 10
prevent an extra session. Why De
cause In the extra session IL Is likely
that the whole tariff question viii DC
Ieopened. While the tariff question
is hanging fire business Is always IN
settled. And bad American business
will help Rockefeller and all the trust.
magnates in cajoling the people TO
think that American business will die
until trusts are permitted TO exist.
IL the supreme court decides against
trusts. II may head on plans now
under way to consolidate business in
a closer way than ever before.
Almost every article Of commerce.
from the knob on the front door OF
the workingman's home back to the
AK in the woodshed, will become trust
made articles II Standard Oil and the
Tobacco Co. win.
The completion OF the billion-dollar
copper trust awaits the decision.
is ready except Uncle
Sans permission. The junior steel
trust, planned by Charles M. Schwab.
which would trustify the independent
steel manufacturers OF the country,
could be put into shape over night;
everything is ready for II except
Uncle Sans word.
The only thing that prevents the
American Telephone q Telegraph Co.
from seizing all the independent tele-
phone companies of the country, and
perhaps the one independent tele-
graph company, Is the coming Stand
ard Oil decision.
The bathtub trust, the glass trust.
and other trusts which have been
under the fire OF the government,
would gain new leases on life IL the
government lost the Standard Oil
fight The fight which has just been
begun against the great electric trust.
which does not own the electricity in
the air, Of course. but which does own
all the apparatus for capturing. carry
ing and using 1t, would have to be
II Standard Oil won.
Wall-st. is getting it's house In or
der for the worst. Sell, sell, sell"
Is the cry. The scramble to get rid
Of trust stock will increase. The pub
Ilc-as Wall-st. calls the suckers
Ii afraid to touch anything but gov
eminent bonds. The water values OF
trust stocks are flowing. not dripping,
away.
Waist news agencies are putting
out pamphlets and items for the
American press trying to show that
after the decision against the North
ern Securities CO., on March IA. 1904.
stocks which had been pounded down
on the strength of the coming de-
cision arose with a bound as soon as
the decision had been given, even
though the decision was against the
merging Of competing railroads. This
news is calculated to make the suck
ers' buy and wait for the rise" after
the decision is given in the pending
trust cases. But wall-st. does not
really expect a rise.
In fact, these days are about the
gloomiest wall-st. and the stock ex-
change have ever seen.