STANDARD OIL TRUST.

Manawatu Herald, Volume XXIX, Issue 3766, 23 May 1907, Page 3

STANDARD OIL TRUST.

Enormous Profits. New York, May 21. A report which has been made to the Government on the operations of the Standard Oil Trust shows that less than a dozen men reaped enormous profits. O vying to the conviction recorded in April for accepting bribes, the Trust is liable to ffines amounting to five and three-quarter millions sterling. The annual dividends on a capital of thirteen million pounds were from 33 to 48 per cent. The transactions of the Standard Oil Trust have been the subject of investigation in the American Courts for many months, and the proceedings have from time to time revealed secret dealings — mainly with railway companies in the way of rebates —on a colossal scale. In April last the District Court at Chicago convicted the Trust of receiving secret rebates from the Chicago-Alton Railroad Company, the various counts on which convictions were recorded rendering the Trust liable to be fined in sums stated then to aggregate thirty million dollars (about six million pounds). An appeal was lodged against the conviction.