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WORLD WIDEIBOIL COMBINEMerger of Rookefellep Rothschild and Nolbe Capital Made.TheSrOCHAVE AMERICA, EUROPEAND ASIA IN THEIR GRIPFinancial Irttorontn »t OOO.OOO.OtM)--Monied Clrolc* of AnitrXc* ot Horoy of Monitor Tfiiit.Ocpi1v\ghtherft-atL-OiMslut pint snirl to tle (J lliirhutitwVK'Vwhi did:: ho fU'tt-hinti hi\iWUrtpnrIttilt!akoIIkwinwillcon01111T$uptooofcjiUthe(‘r t, hi it theSETfailt;\forw iltoLONDON, July SO—The greatest trust the world has yet seen, ft eomibimtiimwhich will have absolute control of thetrade of .Europe, America and Asia, epraiig iuto being today when a semiofficial announcement was made of the merger of the interests of Rockefeller,Rothschild and Bobe!. This combine hasunquestioned proprietorship of the great oil Holds in the United States, in Russia and in Siberia, and can dictate to the world the terms it needs for its cow moclity.Tho Daily hi ail, which Isas hinted before that negotiations were proceeding in Moscow, in its issue of this morning states unequivocally that the agreement 'has been readied and that thus, without any publicity, the greatest trust that the world has ever seen has sprung into being.”The exporters have been forbidden to sell through the agencies of these interests at a price arranged by them or to light the combined forces of the three oil giants. This oiler was made openly and with tho idea of maintaining prices mid it has been refused, tlie Russian exporters preferring to fight.It was doubtless tlsis combine, continues the Daily Mail, which induced the Russian government to issue invitations to an anti-trust conference. The spokesmen of the great combines declare it means a fight to the death ar.d that the independent exporters cannot hope to win.VAST TERRITORY CONTROLLED.The union of the three immense interests of Rockefeller, Rothschild and Nobel can bcs best appreciated when the scope of the territory which will be controlled by this union merger is made manifest. The Standard Oil company, of which Mr. Rockefeller is the dominant factor, cuitvnl-s almost the whole of the American trade and I he trade o: England south of an imaginary line drawn through Birmingham. The Asiatic trade also is largely in the hand of this concern. as the immense storehouses erected at Baku testify.The Rothschild interests, white they are not so directly affiliated with nil interests purely, arc of immense importance because oi the share tbev have in nil large oil companies and also owing %4, the prestige which the family has throughout Europe in fin uncial circles-Indeed, it may he said absolutely that with the Rockefellers, or the Standard Oil, and the Rothschild interests in harmony the monied circles of America and Europe are at the command of this now combination.FINANCIAL INTERESTS IMMENSE.The extent of the financialinterests involved are apparent. The Standard Oil company, besides its own vast works dominates United States Leather, Amalgamated Copper, American Sugar, the Clucosu. and Beet Sugar companies, Lin-Peed Oil, United States Salt and a dozen or more corporations directly, subordinate to itself. It has or had $loO.000,000 ^ iu the hid steel corporation, besides in* numerable millions in gas stocks. Ihe market value of the industrial stocks uoiilrolled and owned by the Standard Oil people approximates jjsl,:15D,liDO,O0iJ. This includes the Standard Oil company proper, which is soiling at about $800 ft share, a figure which would make Ihetotal valuation of the 100,000,000 sharecapital $800,000,000.Bankers and commission merchants in Vail street who keep close track of theinvestments estimate the. Standard Oilholdings in railroad stocks and bonds at §200,0110,000.CAPITAL IS $2,000',000,000.In banks, trust companies, insurance companies, railroads, gas companies and industrials the grand total of Standard Oil capital now employed is close to §2,-000,000.000. The annual income from these investments approximates $1*'0.-000,000, most of which is,: of course, reinvested as fast as earned. That this stupendous growth should focus the attention of financier's and the world in general is inevitable, and as the mighty monument grows higher it looms into greftter prominence.It is estimated by those who know most about the Rothschild .wealth that it aggregates more than dll.0011,000,003 and that the American investments areat least $60,000,000.'Jbur.1thvl‘\lit i if : otl! but I ioit lt;wili*ofroimlcf*|:ofrot 10 Jf 01u-rhr i niewl-totinplflietinSC]Tl:w\orlaispiswicmihlitlot,hPi1\v;B-L{f)lvwiijU0(V'u0*tl4irExcursion* 1o WIkooiviIu, Minnesota «t»l NortU DnfcotulaO]|ttM.The North-Western line oilers low c’*nd-trip rates to the points in states lamed above until Sept. 10, good to reurn until Oct. 31. For particulars ap-•]y to agents Chicago North-Westerni:v-cbvdbitII «»e Dftby t« C«*«»K Teetn. •in BUfO and use that old and wlt;Mi-trled. ontofty! Mrs. Winslow's Soothing Syrup or^ children toothing. As; aootbos il» him, twAwns tho Bums, ollnys all Pn,n. c ures wind colic and ta -tho best remedy or diarrhoea, Tw*nty-fly* cents a bet-
Newspaper Details
Racine Journal
Racine, Wisconsin, US
Fri, Aug 01, 1902
Page 1
Full Page
Clipped by
Tyler K.
CA, USA 03 Mar 2017
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