STANDARD OIL TRUST.
j FINE OF -1,623,000 DOLLARS. ] By Telegraph,— Association Copyright. ; New York, June 2. The Wate-Pierce Oil Company, a [constituent of the Standard Oil | Trust, has been fined 1,623,000 dollars and prohibited from trading in Texas.'■■■' • , ' : _■ ■-'.': _ ' ' Tho prosecution of this subsidiary company ot tho trust was for accepting secret railway rebates, Each,, transaction forms the subject of an indictment, and tho penalty for such offence is a fine of not loss than, £200 and not more than £4000. • Simtla. !prosecutions of members of the Standard Oil Trust have taken place in Indiana; Missouri, and Ohio. Giving evidence before ] tho Railway Kates Commission recently Mr. i Rockefeller said that ho began the forming | of the trust in 1887 in order to combine tho ."kill and capital of a* number of-concerns to" create a business of .magnitude.* Having [thus formed a combination he then proceed-' ed to get control of the transit facilities to l get cheap rates. Tin) Federal Government some time ago began proceedings at law to I dissolve tho. trust.' ;-.* ■ -
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New Zealand Herald, Volume XLIV, Issue 13455, 4 June 1907, Page 5
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173STANDARD OIL TRUST. New Zealand Herald, Volume XLIV, Issue 13455, 4 June 1907, Page 5
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