New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-08-01
STANDARD OIL BEGINS
TRUST DISSOLUTION
Central Concern Stock To Be EX-
changed for Shares in Thirty
three Companies.
MONOPOLY LITTLE SHAKEN
Belief Is That Community Of In
terest Will Continue to Give
Organization Advantage
Over Competitors.

Over Competitors.
Formal announcement was made yester-
dsy by the Standard OIL Company OF New
Jersey OF its purpose to reorganize, IN
obedience TO the decree OF the unlted
States Supreme Court. by distributing rata
bly, among It's shareholders the stock
which IL owns in the thirty-three suosld-
larry corporations which had been adJudged
TO constitute with 1t and with the indl-
Ndual defendants an illegal combination.
There have been many rumors since the
handing down Of the Supreme Courts de
cision on MAY Is OF alleged plans for WORK
ing out reorganization in such way as
10 avoid actual dissolution of the trust
into its original parts. one report having
been that II was to he reorganized ln'o
TOUR companies, controlling respectively
the business Of producing. manufacturing
transporting and selling oil
The Supreme Court. however. in sum
marizfnc the decree OF the lower court,
said:
1t commanded the dissolution of the
combination, and therefore In effeft o'-
Iccted the transfer by the New jersey
CORPORATION hack 10 the stockholders o'
1-o various subsidiary corporations emu
lied 40 the same Of the stock whlch hau
been turned over 10 the New Jersey Co"l-
Iany I'm exchange for its stock
rhis command. the Supreme Court SAID
was clearly appropriate and the S'ahu'
ard oil management has proceeded IN s'rlc'
.o,oriiarfe Will, Il. as The Tribune nearly
month ago said would be IT'S course
Secretary Announces Plan
The statement issued TO the stocNhoioerS
OF the standard oil Company of New 'er
sey. which is signed by II. { roger "'
tho secretary, is as follows.
obedience to the final decree in the cas- s'
rf tho United States aga'hsl the - ntber,
,fauircs this company 20 dlstriDu,t, y
cause 10 ho distributed, ratapE 10 uS s liz
1oldors the shares Of stock OF lie l" ~, =,
,ne .ol novatiOus. which II owns uht'pE VI
,ne7o,,eb us ownership of stock Of the Ne
Iioual Transit Company. TO VII: ne 49,
American Oil Company. bin''ep' H'i go,
Refining Comp41ny o f5nl canaan ar Chese
iToiish Manufacturing company IonsoI
datcd: Colonial on COMPANY; '@n,l I1d,,, :" =,
,,u COMPANY. Crescent Pipe Line COMPANY
,,,irberisud Pipe Line Company. Jn'orpo
rated. Eureka Pipe Line Company, Nalend
signal OIL Company. Indiana ripe In,
,ompanr National Transit COMPANY. Ne"
work Trensit Company, Northern Pipe Lln'
,'olnrony. Ohio Oil Company. Fralrle "
ma Ge- COMPANY. Solar Refining com
rany. Southern Pipe Line COMPANY, Soutl
Penn oil COMPANY. Southwest Pennsylvania
Pipe Lines. STANDARD Oil Company e ahfor
MA, Standard OF Company Qndianal
Standard oil Company kansas. Standart
OIL Gornpanv kentucky. Standard oi
Cou,panv (Nebraska) Standard oil Com
rany OF New York. Standard OF COMPANY
tOhiol. Swan & Finch Company. MOI
TANK Line. COMPANY; Vacuum on a C2 2o
pany. Washington OIL Company ana wa
terS-P Pierce Oil Company.
Such distribution Will he made 10 th'
stockholders ~ the Standard OIL Compan,
of New Jersey OF record on September
1911 and for that purpose the transfe'
hooks % the corpany will be closed OF
August 81. 1911, ~ z O'Clock p. m. and KEEP
ready for Distribution. which, II is e7
ncoted. viii be about I'ecennher I. 1911
Notice Of the date when said stocks ar
- he diStr nufed and Of tho reopening O
the books will he duly given
The Circuit court dismissed the bill
asainst thirty-threc other companies vhicr
had been named as defendants. AS theJ
had not been proved 70 be engaged in IN.
operation or carrying out Of the comoina
ton" Ten Of these companies were lidu'
dated and ceased 10 exist before the films
80 the petition. Sixteen were natural ga:
companies the remaining seven being me
Florence or Refining Company. the United
the T,devater Pipe Company, the Platt &
Washburn Refining Company. the Frank
I'm Pipe Compan~ and the Pennsylvania
oil Company.
VIII Continue to Manufacture.
The relation, ~ the latter seven com
rsries and the natural gas companies T.
the Standard Oil Company. which still
holds stock in them. IN some cases amount
ing 70 control will be unchanged at leas
Tor the present The New Jersey com
rsgv. ~ was said YESTERDAY by a mar
rror1inent in its councils. would continue
operations "a 2 manufacturing concern
sn1 on large scale for there was moth
TX IN the decision which would compe
~ 10 20 ont business As TO whether 81
rot the company would IN time decide n
dtvest itself 81 its stock holdings I'm the
subsidiaries which have been affected by
tho courts decree. no definite statement
could 10 obtained.
The capital stock If the Standard OF
Corpanv % New Jersey is 100000. NJ
which saS 23S 3oo IS outstanding The com
many has I'm round numbers 5000 stock
holders. the great ma iority Of whom oWr
much less than 100 shares each. many
holding only two or three shares The
heaviest stakeholder. according 10 A list
made public while the suit was in progress
ia John u. Rockefeller. who owns al, 50.
shares. or approximately q per cent 81
The total capitalization. Other large stock
holders are the estate Of Charles Pratt
.o0o shares: &. w. Hardness. 4, 40. Oliver
". PAYNE. 1000, Henry NJ Flagler. 3o,5t0
II. r. Rogers. 1920; W. J.. Hardness
1900. j. r. Hardness. 13,l0o. the estate of