The Detroit times., 1911-03-08
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 fight In the United
States supreme court. So will the
American Tobacco Co.
That is the opinion OF Wall-st.
John ID. Rockefeller and the stand
ard Oil Co. share this opinion.
Look at Standard Oil" says Wall
st. 1T Is a bear on the market. IL
Is doing its best TO drive down the
value OF stocks just 10 prove To tins
country what u terrible thing II VIII
be II Standard Oil Is dissolved"
In congress the so-called Standard
Gil members have done nothing 10
cause In the extra session IL Is likely
that the whole tariff question will be
Ieopened. While the tariff question
Is hanging fire business is always un-
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
III the supreme court decides against
trusts. II may head OF 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 or
the workingman's home back to the
ak In the woodshed, will become trust
made articles IL Standard Oil and the
American Tobacco Co. win.
The completion of the billion-dollar
copper trust awaits the decision.
Everything is ready except Uncle
Sans permission. The junior steel
trust, planned by Charles NJ. Schwab,
which would trustify the independent
steel manufacturers of the country,
could be put into shape over night;
everything Is ready for IL except
Uncle Sans word.
The only thing that prevents the
American Telephone & Telegraph Co.
from selling 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 II the
government lost the Standard Oil
tight 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 ii, would have to be
dropped IL Standard Oil won.
Wall-st is getting its 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
lic-as Wall-st. calls the suckers
is 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 IL, 1904,
stocks which had been pounded down
on the strength of the coming de-
cision arose with 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.