The Sisseton weekly standard. (Sisseton, Roberts County, S.D.) 1892-1929, 1911-10-27
BIG BUSINESS INTERESTS
Correspondent Reviews Conditions They
ist "Down Wall Street,

ASN oeSyo III w 0oA41dSlOA. OAC
report published widespread was
that he liked particular dentist
IN the capital and was getting
his tooth fixed" Another report
had to do with his fondness for
the Arlington hotel, a splendid
example OF the custer was ho-
tel, and which for a quarter cen
tury has been favorite resting
place for the great financier. The
hotel is to be rebuilt, and j.
Plerp. is reported to be stock
holder. Facts are, Mr.. Morgan
was in Washington on mission
which never was intended for
the press, but undoubtedly it had
to do with the steel trust. That
great organization is being in
vestigated to a finish by Con-
gresham Stanley, of Kentucky,
who sleeps neither night nor day,
and drops off occasionally but
for few moments, when he
dreams Of the iniquities of this
particular trust. OF course, there
are other members of the COM
mittee, and they too are no
doubt doing their part in the
work. In the meantime, howev-
er, the guiding powers in steel
are discounting the future, and,
by the time congress convenes,
the ills to which their organiza-
ton is heir, will have been large
ly cured. Subsidiary companies
the control of railroad pro-
perties, mining operations and
the like, are being cut loose-a
sort of internal house cleaning
and reorganization is being
brought about, and by the time
the democrats who are investi-
eating steel are ready to re-
port, it will not be surprising to
learn that the great masters of
finance who operate in this won.
derful commodity have arranged
the conduct of their cronies to
the entire satisfaction of the de-
partment of justice. and the most
critical of the trust busters.
Standard Oil
Not mnay years ago it was a
popular pleasure to berate Stand
ard Oil. Prosecutions We're aimed
at the institution from every di-
rection, fines heretofore unheard
Of were imposed, the great maga.
zines carried stories prepared
by the country's most renowned
writer's. Finally the supreme
court decreed that Standard Oil
was conducting its affairs in re-
straint Of trade. If there is a
corporation on the face Of the
American soil that has justified
itself in the eyes Of it's critics it
is Standard Oil, and now one
hears that it is the best Of all
trusts" Three Or four years
ago Standard Oil adopted a pol
icy entirely different to that
previously pursued. The veil Of
secrecy was removed and the af-
fairs Of the company We're thrown
open to all who wished to in
quire. The result was astound-
ing and restored the confidence
of the American people in this
great institution. Standard Oil
was so much whittier than anyone
ever suspected that the country
decided to look upon it with
some favor and tell how oil had
been reduced everywhere through
it's wonderful systems of distrl-
button. There has been no fuss
nor feathers about the reorgan-
ization of this concern, to meet
the requirements of the supreme
court decisions. Only common
stock of the Standard Oil enter
prises was ever issued-there was
no preferred issued, no trouble
some bonds. So separate com
panies are being organized
there may be the Standard Oil
Company Of Iowa. or Oklahoma,
and so on. The same interests
that have long operated with the
Rockefellers will own the stock
in all these separate concerns
The New Jersey corporation will
no longer act as s'holding cor
poration, hut presto, change
the thing is already nearly done
and no one is rising to protest
that it has not all been rightly
done.
Big Business in General
In following ND this story the
correspondent of the Standard