The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-07-25

TO be included at this time IL
is exceptional.
Most Of the remaining. outstand-
ing oil companies in the United
States seem to get caught-or. al
any rate, tagged and touched
somehow.
The Governments present suit in.
cludes tafnong the great ''independ
ents') the company called the Texas
Company and the company called
the Pure Oil Company; and Il In
cludes the Roxana Company from
among the subsidiaries Of the great
international oil combination called
the Royal Dutch Shell; and, from
among the old Standard OIL Com
panies, 1t includes coTnprehensively
the following:
Standard Oil Of New York, stand
ard Oil Of New Jersey, Standard OH
OF Ohio. Standard on of Indiana,
Standard Oil of Kentucky, Standard
oil Of Kansas, Standard Oil Of
Louisiana and Standard Oil of Cali.
fornia.
Regret Their Names.
Some OF these companies deeply
regret that when they were plucked
off the stem of the old STANDARD
on Trust they did not change theil
name and abandon ali evidence 81
their parentage.
Consider, for instance, the case 81
the Standard OIL Company Of In
diana. It is the head devil. It Il
the deepest and darkest demon
conspirator in the Government
present case: and its very name
bearing, a suggestion Of ownershiy
BY John d. Rockefeller, bears 8
suggestion Of guilt.
Yet the situation OF the STANDARD
On company Of Indiana Is as fol
John D Rockefeller owns moth
ing OF It; or, at least, II he does
own anything OF It, he owns less
tnan one per cent.
Ditto for John b. RockefeIlAr n
He owns nothing, or else lese thar
one per cent, Of the STANDARD al
Company of Indiana.
Only ten owners Of STANDARD on
company Of Indiana stock own re-
spectively more than one par GEM
Of 1t.
The total ownership Of these ten
wners-including women and n.
GLIDING philanthropic instftutions--
Is less than q quarter Of the stock
Held by 1900.
The rest Of the stock a owned
by some forty.seyen thousand peo.
ple. Twelve thousand Of them are
employees Of the company Itself
The president Of the companv
rose from the ranks In the com.
pany's chemical laboratory. Ths
chairman Of the companyis board
OF directors was a rough rider in
Ineooore Roosevelt's. regiment N
1he spanish-American War ana was
2 country lawyer In Pierre, South
itance Of Standard OH rniIiions &
Every director OF the comnanv
is q person who spends his firns
working on the affairs az ths cn,,.
pany and who lives IN Cbicsgo
or in suburbs Of CHICAGO sI,a M
anywhere near the oId SfanAa ~
York. - Ne"
Virtually every director ~ ~.
company started of being a tank.
arlver or q shipping-clerk or some
son in the oil business.
The company represents in fact a
certain new amazing sort Of in
uustriaI development which the pub.
NC ana the government have not
yet completely realized.
AZ represents q subordination and
almost an extinction Of the old race
o. large powerful Individual owners
ana II represents the growth OF the
new idea ofA multitudinons small
owners whose corporate property is
managed for them by a race OF
professional executives who mostly
grew up from the ranks and who
virtually all OF them owe nothing
70 the big owners and everything
10 the working organization itself.
Not Rockefeller IhstitutiOn.
This new sort OF situation han
pens to be conspicuously and no.
tortoualy represented by the Stand.
ard OIL Company OF Indiana. It
most decisively is not q Rockefeller
institution any more. | II Is an in.
stitution running itself for its own
purposes. The question then IL:
Under q new sort OF ownership.
ana under new sort OF organiza.
ton. has It gone and started, under
new method, a new attempt to
"conspire" and "monopolixe'' In the
oil business2.
The answer OF the company to
that question seems to be as fol.
lows:
In the ola trust days the standard
OIL Company OF Indiana had aou,s
S. noR 90 ~ aha n,,~ine-~ A. NJ