NEW CHARGES AGAINST STANDARD OIL

Southland Times, Issue 24759, 2 June 1942, Page 5

NEW CHARGES AGAINST STANDARD OIL

WASHINGTON, May 31.

The Assistant Attorney-General, Mr Thurman Arnold, made new and sensational charges against the Standard Oil Company. In a statement submitted to the Senate Investigating Committee be made a charge that Standard Oil had covered up and misled the Senate Comhiittee “regarding a full marriage with the German I. G. Farbenindustrie.” He specified that Standard Oil had not fulfilled its obligation to tell the committee the truth about the cartel with I. G. Farbenindustrie, and further that it had not disclosed that it had deliberately attempted to frustrate the development of synthetic rubber for America. It had also concealed that it was continuing its relationship to the I. F. Farbenindustrie. Standard Oil had also withheld from the committee the fact that the Assistant Secretary of State only by threatening to black-list a Standard subsidiary had succeeded in inducing Standard Oil to discontinue oil shipments to Axis airlines. Furthermore, Standard Oil had denied to the committee that it had ever licensed the Japanese to make gasoline by a process of hydrogenation, but had concealed that Standard Oil’s 50 per cent, owned subsidiary had licensed the Japanese to manufacture the chief ingredient of 100 per cent, octane aviation gasoline, while simultaneously Standard Oil, by an order to I. G. Farbenindustrie, had thwarted the programme of the United States Army for the production of fuels which would have put America ahead of the rest of the world in the performance of fighting equipment. ' •