The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-07-19
national committeeman for Oklahoma,
and five other individuals.

national committeeman for Oklahoma
and five other individuals.
The attorney general asked receiver
ship for the corporations pending hnal
disposition of the litigation; that the
charters of all the defendant corpora
tions be revoked that penalties OF
s4OS0 900 be assessed against the Tex
as Co. at the rate of $4,000 a day
for 4OS DAYS on which violations of the
antitrust law were alleged to have
been committed; that the Texas COM
pany be enjoined from operation, eX-
cept in the transportation of oil pend
ding determination of the case; that
the Texas company be restrained from
retaining control of the 20 alleged sub
salaries; that the court fix penal
ties against all the subsidiary corpora
tions.
The suit is directed against the
Texas company, Industrial Securities
company, Producers Oil company, the
Central Petroleum company, st. Lawr-
ence Oil company, Como Oil company
Leola Oil company, Knox Oil company
Leader Oil & Gas company, Lucknow
Oil company, Mohawk Oil company
Monogram Oil company, Lumberman's
Oil & Gas company; the Galena OIL
company, Fort Pitt Oil company, VOL
VERNE Oil company, Pickwick Oil COM
pany, Niagara Oil company, Sachem
Oil company, Appleton Usage Oil com
pany. Carnegie Oil company, Stevens
Point Oil company, Histor,cs, so,
Gas company, Copan Un ".--
panv. Waukeshaw Oil company, Wig
wan Oil company and Geo. c. Prlestly
of Bartlesville, Philip Lehman, Harry
Bronner, Edward H. Clark, f, M. b.
Close and Alvin Untermeyer, whose
residences we're not given.
Attorney General Vests petition al
leges that the Texas company was
organized in Texas, with principal Oh
fees at Houston. 1t sets out that the
CODY of charter filed in Oklahoma gives
the authorized business as the pur-
chase of oil, storing of oil and its trans
portation by pipe line. The Industrial
Securities company is Maine corpora
ton. without authority to operate IL
oklahoma, according to the petition
The Producers Oil Company is Texas
CORPORATION and the Central petroleum
/ company a Delaware company, botl
with authority to operate under incl
4 charters in Oklahoma. The indlviduai'
in the action are connected with th'
1 Teyas company and the Central Pc
troleum company.
As the first cause of action AttoI
nev General West charges that tn
a Texas company controls all of the sur
sidiary corporations named in the suit
all of which are engaged in oil pre-
:. duction and that thereby the TeXa
/ company has created a monopoly l
e the production and marketing OF O
Z and gas.
o # is charged as the second caus
II of action that the defendants eXcluslV
u Of the Texas company have acqulesce
n in control by the Texas company, ther
al nv forfeiting their corporate rights
Is the state.
-U Third, it is alleged that Tie transf(
S of stock in the subsidiaries to I'll
10 Texas company took place on June
1913, or 4OS days prior to the filing
the suit.
The fourth cause Of action formal
te charges the combination in restrau
e. of trade in violation of public poll'
II, and the Oklahoma antitrust law.
-s is alleged that diversion of the Tex;
y. company's capital to production re
is ders ii unable properly to discharge /
is duties as a chartered pipe line col
pany.
In the fifth cause of action it is s
forth that the Texas company has
right to engage in production OF
p or gas. but as matter of fact contro
companies producing $4,000 barrels
oil daily and large quantity oil M
ural gas.
The sixth cause of action charg
that the Texas company has acquir
many thousands of acres OF land III
" to which is clouded by the unlawf
I acts of the owning corporation and {
/ ownership is forbidden to be vest
in corporation, by the constitute
and laws of Oklahoma.
AN In the event the property OF the su
I'M corporations escheats to the sta
I'd through the favorable action OF |
w courts on the West suit, the COUNT
in which the property is located W
benefit, the property being divld
lev equally between the common sent
:, and road and bridge funds.