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Newspaper Page Text
iTHE DAY BOOKj
. N. D. COCHRAN
ESITOa AND PUBLISHER.
5. PKOKIA ST. CIIIC AGO, ILI.
SUBSCRIPTION By Carrier In Clil-
?esp. SO cButi a Hbnth. By Moll,
plted State autt Canada. $3.00 a
Entered as aecond-elai matter April
21. UH. at th pfrstP at Chloao.
lit. uadr the Act of Marfo J, 1879.
LIGHTING ,UP THE GASOLINE
SUBJECT. Gasoline statistic make
mighty interesting ' reading nowa
days. Even the' leisure class, -which
holds the reading habit to be' bad
form greedily peruses the prices of
the gasoline -which runs the. cars
which help them to kill-some of their
The leisure class preservesiits lei
sure" by means of its dividends from
stocks. And it grieves .us to think
how painful it must be for sugar and'
tobacco and powder and rubber-and
steel barons to contemplate the enor
mous sums they are now adding to
the dividends of the oil kings. '
'Congressman Randall lighted up
tlds subject considerably in his re
cent speech .on gasoline before the
mines and minirig" committees of the
house." He said that the quarterly
dividends of most of thq 32 constit
uent Standard Oil stocks, for the
first quarter of 1915, ranged from 2
to .6 per 'cent, while the average of
the same stocks for the first quarter
of 1916 -was 12 per cent;
. 'We find the following phenomenal
harvest" Randall said, "a the result
of systematic -price raising:
"One company, the Chesebrough,
isccr'edited with a dividend of 40'per
cent . Two, the Eureka Pipe Line and
the Southern Pipe Line, 24 per cent
Four paijao per cent, and seven paid
12 Der cent .Seventeen of the 32
and 15 paid from i: down to,2 pr
'cent quarterly. -' . . '
"The fair presumption, on the face'
of these returns, is. that one of the
chief reasons of the recent riee in-oil "
and gasoline prices is to produce 12
per cent quarterly dividends."
' That ia the fair presumption abou'
the high prices' we are paying for
Most'of us are wise to. it We hare
been this long time busy makings
laws to defeat the price boosters.
But now we have ttf get even busier
and see that our laws are enforced.
"That is ' why gasoline statistics
make such Interesting reading for all '
of us. Rrom them we infer just how
the leisure class "earns" its divi
dends; and also why tbte leisure class
has such a strongastipathy fqrlLouie
D. Brandess,ah associate justice of
the supreme court "
o o "-,
. SHORT OWCS 1
The Gv O. P. gfee cfub is hoarse
from singing "ftx Much Wlson."
Watch th.e. war news drop -back
into the inside fcf the newspapers
when T. get jgohg at Chicago.' ,
: " a o - '
UNTIL PEACE QO U5 jffiftF
stocks jaM from 12 up ter 40 per cent J