STANDARD OIL TRUST.
A decision of the utmost importance was announced recently by the United States Supreme Court' in the longipending Government suits to smash the Trusts. The highest court affirms, with modifications, the decree of the lower court declaring- the Standard Oil Company a monopoly and an illegal' combination in restraint of trade, and ordering its dissolution forthwith. The principal modification in the Supreme Court decision is that the company is not compelled to dissolve forthwith, but is allowed six months in which to adjust its business. It is generally understood that the company has had a plan of reorganisation ready for months in expectation of an adverse decree. The "parent" com-, pany of the Oil Trust, known as the New Jersey Corporation, will have to come to an arrangement for handing hack tQieir .stock to the seventy subsidiary companies which the Oil Trust has absorbed. Until this is done both the parent and the subsidiary companies may, after th© six months/ period of grace, be debarred ifirom -inter-State Commerce.
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https://paperspast.natlib.govt.nz/newspapers/WAG19110705.2.12
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Wairarapa Age, Volume XXXII, Issue 10278, 5 July 1911, Page 4
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171STANDARD OIL TRUST. Wairarapa Age, Volume XXXII, Issue 10278, 5 July 1911, Page 4
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