Show andard oil case J monopoly in the form of and wildest defend against aS a the the tot its earnings m twenty- law been original investment of on sn ft all due respect to the y of Kellogg and to the we he ably and ire fail to see wherein it is business as to how or how little the Standard or any other The only point fias this vast and almost amount of earnings fi years of business in accordance with law or a defiance thereof V earnings may be due as when one finds rad or to superior as in the ease of the university cited in this paper a few weeks or to taking of the tariff laws passed to aid the industry of oil or to illegal It is only the fourth case of which the government can Especially should the government close its mouth about the third our government placed a tariff tax on oil from countries that tax oil imported into their own a tax to be equal to the tax which that country imposes on imported oil it really permitted which is the only country besides our own that exports coal oil to fix our tariff protection on crude petroleum and its various Shielded by this Russian made tariff the Standard Oil company sells its oil in Europe at 9 cents per and in America at 34 cents per at the this is the precise point that the with all its ado and talk and carefully conceals from the gaze of the Yet it is the gist of the whole Absolute Kellogg takes great pains to show that this in many districts has an absolute He means by absolute monopoly that in those districts it does all the business and has eliminated every this is the case throughout the Rocky Mountain country and most the Pacific Coast The percentage of independent business throughout the entire South is very where there is the competitors are usually under the control of the in that they in order to be allowed to do sell oil at practically the price the Standard and confine themselves to a small percentage of the Does Not Lower The brief also denies that the Standard has lowered prices for the has usually been claimed for large corporations in this country that they have increased id business and decreased the cost to the but in the case of the Standard Oil it has during ten or fifteen years actually increased the price to the and this a good deal more than the prices of other products throughout the although the price of its raw material and cost of manufacture and sale during these years has increased very if Enormous Says after showing that for twenty-three years the Standard has than 25 per on its assets subsidiary companies of the Standard have had even a higher rate of The Supreme in the Consolidated Gas decreed 6 percent a fair But the dividend of the Waters-Pierce company in 1904 was per and in 1907 the Standard Oil of Indiana declared dividends of 1051 per have testified that one-half a cent a gallon is a good profit on The Standard's profits average cents a and the Waters-Pierce company's profit has run as high as 6 cents a price of refined oil and has been increased 49 per by the while the average increase in commercial products has been per Standard absolutely the price of crude oil in all fileds except Texas and and practically controls the price of oil and gasoline throughout the United In the territory it prices are to make it possible to decrease prices in competitive The subsidiaries of the Standard earn about 25 per and the of this rate with the larger profits in ther home field show that the people of the United States pay a higher price o enable the Standard make a lower price in foreign In the last sentence logg finally discloses the but lie makes little use of Wade H. Head of a new Department of Justice which has charge of trust that hereafter there will be smoke and more in the Government's dealings with the shall It is a long lane that has no The Government has promised so much and done so little in these matters the past ten that the people are skeptical as to the of its The simple fact is' that the Government tariff law is responsible for most of the profits of the Standard And this is the fact that the Government does not say anything |