The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1911-08-12
Standard Oils Plan
To Dissolve As Trust

NEW YORK, July 31.-H. c. Folger
| secretary of the Standard Oil Com
rany, today announced in a formal
statement to stockholders the Ilan of
distribution Of the stock of the sub.
sidiary companies to comply with the
rule of reason laid down to the
trust recently by the Supreme Court
OF he United States.
The stock of the subsidiary compa-
MES will be distributed pro rata
! among the stockholders of record with
/ the parent corporation Of September
last The company expects to have
/ the stock ready for distribution by
December L. The plan of reorganiza-
ticn as announced is simple and CON
| tenn l&.es the restoration of the orig
inal companies of which the giant
! combine is composed.
The Supreme Court of the United
States adjudged the Standard Oil
combine in restraint of trade and a
violation of the Sherman antitrust
law in a decision handed down on
May 16 last.
The corporation was ordered to dis
solve and was given six months to
conform to the courts decree. Since
that time there has been much specu-
| lation concerning the method the cor
poration would take to comply with
the judicial mandate.
5000 Stockholders.
The outstanding stock of the Stand
ard Oil Company is said to be in the
/ hands of 5000 stockholders. Many of
them have small lots of shares, OF
from one share to 100. These small
shareholders will receive fractional
shares of each of the subsidiary com
panies.
The operating expenses of the sep
arate CONF anies, it is estimated, will
be much larger than the expenses of
the Standard Oil Company, but the
results to trade are still a matter OF
speculation.
The companies owned by the Stand
ard Oil Company, the stocks of which
will be distributed, are;
Total stock
Anglo-American Oil Co., Ltd. $5,OOO,OOO
Atlantis Refining Co..... 100000
Borne Scrymer Co......... 100000
Buckeye Pipe Line Co. go. 10 100000
Chesebrough Mfg. Co...... 100000
Continental Oil Co...... 100000
Colonial Oil Co........... 100000
Crescent Pipe Line Co... 100000
Eureka Pipe Line Co....... 100000
Galena Signal Oil Co. .. 100000
Indiana Pipe Line Co... 100000
! National Transit Co.......25,44 $4,000
New York Transit Co...... 100000
Northern Pipe Line Co. go. 100000
Ohio Oil Co. ............... 1O,OOO,OOO
Cumberland Pipe Line Co... 100000
Prairie Oil and Gas Co... 100000
Solar Refining Co. ,....... 100000
Southern Pipe Line Co... C,OO0,00O
South Pennsylvania Oil Co. .. 100000
S. W. Penn. PIPE Line ..... 100000
Standard Oil Co. (Cal0.....170O0,00O
Standard Oil Indiana. ...:.. 100000
Standard Oil Kansas. ....... 100000
Standard Oil Kentucky. 49,. 100000
Standard OIL Kentucky. 100000
Standard Oil Nebraska. .. 100000
Standard Oil New York. $50. Ia, 100000
Standard Oil Ohio. ....... 100000
Swami & Finch Co........ 100000
Union Tank Line Co... 100000
Vacuum Oil Co. 100000
Washington Oil Co....... 100000
Waters Pierce Oil Co... 100000
Total ................$1 57, 9O5,000
The official announcement was as
follows:
Obedience to the final decree in the
case of the United States against the
Standard Oil Company of New Jersey
and others require this company 10
distribute or cause to be distributed
ratably to its stockholders the shares
of the corporations which it owns di-
I rectly or through it's ownership of
stock of the National Transit Com
| Dany.