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Newspaper
Mitchell Capital
Location
Mitchell, South Dakota, United States of America
Date
Aug 09, 1907
Page
5
Federal Judge Landis ordered the dissolution of the church and school furniture trust after fines totaling 43 000 for anti trust violations. He also fined Standard Oil 29 240 000 and signaled further actions possibly indicting Rockefeller and associates for conspiracy with a grand jury set for August 14.
Chicago August report shows Judge Landis ordering a special grand jury and directing District Attorney Sims to pursue indictment against the Alton railroad and officials tied to a scheme allowing Standard Oil of Indiana to ship products at less than one third the legal rate. Conspiracy to violate federal law 5440 could bring $16,000 fine or two years in prison. Names of potential defendants expected.
A list of executives and managers in the oil and railroad industries is provided. J. A. Moffett and W. P. Cowan lead Standard Oil of Indiana, H. Welton and E. Bogardus hold key roles in Union Tank Line and Chicago and Alton, with Joseph W. Blabon and Charles A. King among other traffic and freight managers.
The article notes a secret six cent rate on Standard Oil shipments from Whiting to St Louis, with 18 cent legal tariffs. Witnesses like Bogardus and H. E. Felton avoided immunity, and Charles H. Davis faces possible indictment for manipulating Chicago and Alton books tied to rebates. Davis resigned when probe began. whereabouts unknown. A new grand jury set for August 14 may bring indictments, with the railroad company unlikely to escape.
Chicago August 7 Judge Landis harshly criticized the defense in the Standard Oil trust case. He warned that rivals could pervert railway rates to benefit the oil monopoly, calling such a theory an abhorrent heresy and endorsing a substantial penalty beyond a modest fine. He questioned the notion that the offense was technical and highlighted the risk of future violations if penalties are too lenient.
William D. Haywood secretary treasurer of the Western Federation of Miners returns to Colorado amid a subdued welcome after being acquitted of conspiring to murder ex Governor Steunenberg. He declares miners must stand united and says the predicted pine box joke proves unions cannot be broken.
Baltimore records show Mrs. Lillian K. Miller, aged not quite 17, declared a grass widow after a marriage at age 15. She testified that Charles Miller abandoned her with her father George Salisbury's consent and has since refused contact. no defense was raised in the divorce suit.
A special report on the petroleum industry shows Standard Oil and related trusts earning ten times their expected profits over the past ten years. Prices have risen, not fallen, boosting the octopus’s gains and signaling sustained high remuneration for the dominant oil magnates.
Washington officials say Standard Oil's $28,240,000 fine should stand and that higher courts will not deem it excessive. They argue penalties target public rights and rebates, not property value, and expect dissolution in favor of the government, citing Judge Landis as precedent.
Washington report by Herbert Knox Smith details the government’s findings on Standard Oil’s pricing, showing a 1.3 to 1.8 cent per gallon profit rise from 1897 to 1905 and by-products margins driving higher consumer prices. It accuses the company of monopoly profits and asserts independence could deliver lower prices.
William Jennings Bryan commented on Judge Landis fining Standard Oil over 29 million dollars. He said leniency is unwarranted and the fine should teach respect for the law, noting trusts cannot be handled with kid gloves and warning about oil price impacts if the company appeals.
Arklow Ireland August 7 Thomas Myler a Cuban War hero who said he raised the stars and stripes over Santiago de Cuba during the Spanish American war drowned yesterday while training for an attempt to swim St George's Channel.
Pittsburg August 7 Augustus Hartje millionaire paper man announces he will fight to death to win an absolute divorce and custody of his two children. His attorneys withhold strategy while Madine is arrested over alleged forged letters as Hartje seeks to clear his name.
Emerson Stidard a local riverman found the drowned body of his 10 year old son d2merson in the Mogongahela river near the Wabash bridge after a dream led him to the spot. A skiff was seen drifting, the boy’s hat nearby, and this marks a sixth family death in violent circumstances following a sister’s scalding death less than a month earlier.
Otis Maliot, alias Henry Wright, a 35 year old fugitive and neighbor of Pigz, confessed to the Newport murder claiming self defense. He lived seven months under an assumed name before agreeing to be returned to Kentucky for trial and said he is tired of dodging the case.
Louisville Kentucky August 7 Charged with maltreating three nieces Misa Tillie Cochrane was arrested on a warrant from J W Cochrane Her aunt is in county jail as physicians report large flesh bites on the girls The children say she would bite them and threaten to kill them if they told their father Chief of Police Finazer suspects insanity
York report says John McCue a Black man died after a fight spurred by a 10 cent bet on a ball game. More than twenty people were injured and are being treated in area hospitals.
Berlin reports the King of Siam, during his European tour, is credited with spending 2.5 million dollars on gems and baubles. An agent for a London firm arrived with jewels valued at 625 thousand dollars bought in Shanghai City.
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