The Bon Homme County independent. [volume] (Tabor, S.D.) 1904-1913, 1912-09-26
DISSOLUTION SUIT
AGAINST STANDARD
Revelations Of Co. Operation
Between Subsidiaries May
Start New Investigation.

New York, Sept. 24.-Samuel Inter
myer. counsel for the Waters Pierce
interests in the litigation with the
Standard Oil company. was not at his
Office today when the hearings were
resumed and 1t was understood that he
had gone to Washington for a confer
enc with government officials, rela-
tive to the possibility of reopening the
dissolution case against the Standard
OIL company. Dispatches from Wash
tngton said that h government was
closely watching the situation.
Mr.. Untermyer has sought to show
In his recent cross-examination Of wit
nesses that the Standard OH company
still dominated its former subsidiaries,
AS he is also counsel for the govern
ment In the so-called money trust In.
vestigation, however, 1t il possible he
had been summoned to Washington for
a conference concerning that matter.
What They Admit. .
At hearings OF the y Waters-Pierce
Standard Oil case before Commissioner
A. L. Jacobs, at No. 81 Wall street, Of
ficers Of Standard Oil companies OF
subsidiaries have made the following
admissions:
There is no real competition among
the former Standard Oil branches, al
though each Is now supposedly in
dependent" ...
The Standard OIL company of New
York sells no oil in New Jersey, not
even in Jersey City or Hoboken. II
leaves that business to the Standard
Oil company of New Jersey, its com
petitor."
The Standard Oil company of New
York and Ohio, though they have re-
fineries at Buffalo and Cleveland, make
no bid for the Oil trade Of the great
lakes. They leave that to the STANDARD
Oil company Of Indiana, on the Amer
lean side. and to the Imperial Oil COM
pany Ga New Jersey subsidiary on the
Canadian side.
The Standard OIL company of New
York, in order to sell candles and wa1
In New Jersey, sells them. not to job:
bers or consumers, but to its com.
petitor." the Standard Oil company Of
New Jersey.
Big Loan Not Secured.
The Standard Oil company of Louisi-
ana, which obtained IS, 000, 900 without
an security whatever from the Stand.
ard Oil company of New Jersey before
lllS ulSoOluIlOh VI the trust, retains Jn0t
money, and it is still unsecured.
The Standard Oil company Of New
York, which owns a large flee. Of light.
ers in New York harbor, is perfectly
willing to charter them to independ-
ents"-but never could spare the
boats"
The directors Of the Standard on
company of New York do not remem-
Der" how or why they were elected
Thew simply went upstairs in No. "a
Broadway and came down with new
honors.
The officers of pipe line companies
which carry the Standards crude oil
supply are former clerks, former Sec
retaries, ever former mechanics, who
do not attend directors meetings, but
remain at their old posts, though theiI
companies are now independents" One
man, became president of four such
companies within two hours. He
didn't know" and never heard" why
The officers and principal stockhold-
ers Of both New York and New Jersey
Standard Oil companies lake luncheon
together every noon at No. 26 Broad
way, just as they did for Is years be-
fore the trust was ordered by the gov
eminent to dissolve.