NEW CHARGES

Wairarapa Times-Age, 1 June 1942, Page 4

NEW CHARGES

AGAINST STANDARD OIL CORPORATION MADE BEFORE U.S. SENATE COMMITTEE. DEALINGS WITH GERMANS & JAPANESE. (By Telegraph—Press Association —Copyright) (Received This Day, 11-0 a.m.) WASHINGTON, May 31. Th© Assistant- Attorney-General (Mr Thdrman Arnold) made new and sensational charges against the Standard Oil Corporation in a statement submitted to the Senate Investigating Committee. Mr Arnold said that the Standard Oil Corporation covered up and misled the Senate Committee “regarding its full marriage with the German I. G. Farbenindustrie” and had not fulfilled an obligation to tell the committee the truth about its cartel with I. G. He stated further that Standard Oil had not disclosed that it had deliberately attempted to frustrate the development of synthetic rubber for Anterica and had also concealed its continuing relationship with the I. G. The Standard Oil Corporation; Mr Arnold said, also withheld from the committee the fact that the Assistant Secretary of State only succeeded by threatening to black list a Standard Oil Corporation subsidary, in inducing the Standard Oil Corporation to discontinue oil shipments to Axis air lines. Furthermore the Standard Oil Corporation denied to the committee that it had ever licensed Japanese firms to make gasoline by a process of hydrogenation, but concealed that the Standard Oil Corporation’s fifty per cent owned subsidary licensed the Japanese manufacture of the chief ingredient of 100 . per. cent octane aviation gasoline, while simultaneously the Standard Oil Corporation, by order of the I. G._, thwarted the programme of the United States Army for the production of fuels which would have put America ahead of the rest of the world in performance and fighting equipment.