The Washington times., 1912-08-16
SENATOR PENROSE
WILL Be ASKED TO
DEFEND HIS TITLE
Resolution to Demand Ex.
PLANTATION of Transaction
With Archibald.
Continued from First Psge.)

+
ward for that position. He was sup
ported by Archbold and Penrose, and
was finally made chairman. at the first
meeting OF the commission following the
death of Senator Kyle.
Inc commission was composed in the
main, man OF Senators and Consressmen. 1t
course report thereon was written.
This report was innocuous In Character
from the viewpoint of the Standard
O-and the reason why 1t was so is
suggested by the fact that another let
ter indicates that II was submitted TO
John d: Archibald. president of the
Standard for his approval, before it
general publicity. Concerning this in
ctdent, the correspondence published Nv
ter: - 'o'
February, 2i, 1900.
Hon. Boise Penrose,
Senate Chamber,
Washington, d. c.
MY Dear Senator: -
! have your kind note of yesterday
WIN enclosures, which latter I beg
& 70 return herewith, We thing the
undertake to suggest anw changes. :
with many thanks, / am,
Yours very truly,
JOHN d. ARCHIBALD.
That letter being dated February 21,
sent to Congress on March !. gust eight
days later. The correspondence would
indicate that the then vice president,
now now president, Of the corporation under
of reading. and suggesting changes In
the report before Congress saw it.
j., An interesting and suggestive detail
names attached to this report, was that
OF William Lorimer. At the time he was
tives.
Favors Oil Company.
The report pointed out, in it's intro
ouctory paragraphs, that ut should be
Kept clearly in mind through all the
discussions that great capital or a great
combination Of capital has no necessary
relation to monopoly, although 1t seems
that a virtual monopoly may be secured
from the influence which comes from
great capital.
Further, the report condemned over
capitalization-and then found that
Standard Oil was not guilty of over
capitalization! 1t also found the Stand
ard justified in selling Oil cheaper aboard
than in the United States. Likewise.
there was included a defense of the
Standard against charges that it want
ed to be a monopoly. This was pre-
scented thus: d,
Nearly every prominent indepen-
Gent has made some proposi-
uon or advance looking toward a
combination of interests. but the
standard Oil Company has declined
it, believing such combinations to be
prepe.iae less, aed ,t lacking faith i9 fhe man
Incidentally. in connection with this
selection Of CLARKE, Mr.. Archbold wrote
letter to Mark Hanna, then a Senator.
expressing the Standard Oils approval
OF clarke; ana urging that he be pres
ent at the ,september. 1901, meeting,
and that he be made chairman. Clarke
was duly selected tor that position. -
Finally, on october 81, 1904, Senator
Penrose received a certificate of de-
post for $4,000 from Archbold, accom-
panied by this letter:
'26 Broadway. New York, Oct. IL.
1904. (PersonaD.
my Dear Senator-In fulhllment
OF our understanding, It gives me
gIta great pleasure pleasure to nand you here
favor for $4,000. and with good
"JNO. D. ARCHBOLD.
"Hon. Boies Penrose, 1881 Spruce
street, Philadelphia, Pa"
1t will be observed that there was a
lapse of nearly three years before the
certificate of deposit was forwarded.
The question has been raised, in dis
cusion of these revelations by Senators,
prove any connection between the s25,0OO
and the services of Senator Penrose for
Archbold in connection with Standard
OIL matters.
Penrose might present the defense
that he was soliciting campaign funds,