Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-27
SENATE HEARS STORY
OF STANDARD CLASH
AS NYE RAPS STEWART
Continued From First Page.)

tCOnCuueu from F1rSC Page.)
scribing Rockefeller's method as lust
| and proper"
In his prepared address Senator Nye
declared that the Senate'S inveStiga-
| tions of the oil industry had saved the
| Government billions of dollars and
ought to have created determination
in the circles of the oil people of the
| land to cleanse the industry of agents
and officials who by their methods,
bring the entire industry into bad re-
pute.''
Sees Hope to Get TRUE Story"
Not often are business battles" he
| continued, accorded such liberal pub
| licity as is now being accorded the
Rockefeller-Stewart tilt. Watching it
| from day to day, my conviction grows
| that If Mr.. Stewards press agents re-
main at their game long enough we
will yet gain that desired complete story
of the Continental Trading Co. and its
affairs.
I'm all the opportunities afforded him
| by the Senate committee on public lands
to tell this full story, he never has
volunteered small part of the informa-
ton he was willing to give to the press
yesterday.
However, he is still insisting that,
and here I quote him from his state
ment of yesterday, he never had any
connection with the Continental Trad
ing Co. Apparently his receiving three
quarters of million dollars in Liberty
bonds from the pool of profits of this
company is not, in his mind, to be con-
sidered a connection
Continuing, Senator Nye declared that
Col. Stewart in his press release had
said he never personally made dollar
out of the transaction" The Senator
said this, of course, meant that Con-
| tinental Trading transaction, which, he
added, delivered into his own hands
this great total of Liberty bonds"
| But to me-" the Senator went on,
"the most interesting feature of Col.
| Stewards latest press release is the
revelation of how his share of the mil
lions of dollars in profits of the Con-
tinental Trading Co. transactions were
partly the source from which the steady
stream of cash dividends has been paid
to the stockholders of the Indiana Co.
every quarter during recent years.
Trust Statement Raped.
"Then he goes on to tell how the
Liberty bonds he received from the Con-
| tinental Trading Co. were turned into
| a trust, which ne created with PEN
Gil and paper, but he fails to tell how
his trustee never 'truSteed,' and how
the bonds stayed in his continuous pos
session even under the Stewart created
trust.
But the main point in Mr. Stewards
press contention for the continued
favor of the Standard Oil stockholders
is this, that had it not been for his
little affair with the shady Continental
Trading Co. and the like there would
have been no dividend checks for
Standard Oil stockholders.
How proud Standard Oil stock
holders must be in this assurance from
their giant leader, Col Stewart. How
they must prize the shares which bring
them profits through such secret OBJ
noxious deals as was that one involving
the Continental Trading Co., which
company Stewart knew enough about
to permit him to guarantee that COM
pany's end of $50,OOO,O00 contract
Standard Oil stockholders must hold
their heads very high when they
realize that their profits come from
such deals"