The Madison daily leader. [volume], April 06, 1909, Image 1

About The Madison daily leader. [volume] (Madison, S.D.) 1890-current

Image provided by: South Dakota State Historical Society – State Archives

                
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9 N
DRUGGIST
Complete Optical Room
ISTORY OF OIL
TRUST IN DETAIL
'Jrief of Government in Dis
solution Suit
CONSPIRACY IS ALLEGED
Attorney* for United StatM Aek Fed
eral Circuit Court to Revoke Char
ter by Which Giant Octopus Is Au
thorized to Do Business—Enormous
Earnings Cited as One Evidence of
an Existing Monopoly.
St. Louts, April 6.—In Its brief filed
In the federal circuit court for the
pastern division of the Eastern ju
dicial district of Missouri in the suit
of the United States to dissolve the
Standard Oil company of New Jersey
the government reviews the history
Of the company from its inception to
the present time and the declaration
is made that the testimony shows
that the various defendants have from
the first pursued a system of unfair
competition against their competitors,
whereby the independent companies
(selling and marketing petroleum have
either been driven out of business or
their business so restricted that the
Standard Oil company has practically
controlled the prices and monopolized
the commerce in the products of petro
leum In the United States. This sys
tem, it is contended, has taken the
form of price cutting in various locali
ties, while keeping up high prices or
raising them still higher in other lo
calities where no competition exists
of paying rebates to customers as a
part of their system of price cutting
of obtaining secret information as to
competitive business, largely through
bribing railway employes, and using
their secret information to procure
the countermanding of orders of inde
pendent producers and to facilitate
the price cutting policy of the use of
so called independent companies, that
is, companies held out by the Stand
ard Oil company as independent which
are engaged in price cutting, while
the Standard Oil company maintains
the price through its well known com
panies and other abusive competitive
methods against the competitors.
Markets Its Own Products.
The Standard Oil company, the brief
alleges, is particularly able to carry
on this predatory competition for the
6 reason that it does not sell its product
at central markets or through or
dinary channels, as most other or
dinary manufacturers. It markets its
products to the retailer in every vll
lage and community In the United
v States and it sella directly to the con
sumer*. It does from 85 to 90 per
cent of the business of the United
"•tat«& leaving about IB to. IS
LOOM END SALE
Bright and Snappy Bargain Array in
WALL PAPFR
We are over stocked and in order to clean up
quickly will sell 2000 Double Rolls at from
5c to 10c Per Double Roll
We have a few odd rolls that we will sell at a
cent a roll. Come early and get your choice.
S0
A N E S O N
edit for nil its i iiipetitors. It is also
held that Hi-' iihioiiy taken in the
Standard Oil prosecutions shows that
that company, through a company in
which it owns a majority of the stock
(the Qalena Signal Oil company) also
controls about 97^ per cent of the
lubrication of railroads throughout the
United States and that it sells to
most railroads at enormous profits.
This is evidenced by the net earnings
of the company, which in 1906 were
about 112 per cent on the capital
stock actually paid in and about 105
per cent on a liberal valuation of the
capital used. It is also shown by the
further fact that the prices to these
railroads are substantially double the
prices charged to a few favored lines,
notably the Pennsylvania. For in
stance, the brief says, the New York
Central railroad for ten years has
paid about 100 per cent per gallon
more than the Pennsylvania. It is
also stated that wherever the Stand
ard can do ko it has made contracts
whereby it has either marketed a part
or all of the product of the independ
ent refineries, or has limited the out
put of the same.
Enormous Earnings Cited.
One of the evidences of the monop
oly of the defendants, it is charged, is
its enormous earnings. These earn
ings are summarized as follows: The
Standard Oil trust and the Standard
Oil company, on an investment ot'
$69,024,480, had earned up to the end
of 190G $838,783,783. Adding the esti
mated profits of 1907 and 1908 we
have substantially, the brief states,
$1,000,000,000 earned by this company
in twenty-seven years with an original
investment of about $69,000,000. Fur
ther on the brief says:
"It has usually been claimed for
large corporations in this country that
they have Increased business and de
creased the cost to the consumer, but
In the case of the Standard Oil oni
pany it has during ten or fifteen years
actually increased the price to the re
Lailer and this a good deal more than
the prices rf other products through
out the country, although the price of
its raw material and cost of manufac
ture and sale during these years has
|n reased very little, if any."
The trief, which occupies nearly
200 printed pages, covers with much
detail the history of the company
from Its original organization to the
present time and asserts that its
methods have been in gross violation
of law aud asks the court, in view of
the circumstances of the case, to an
nul the contracts under which the
Standard Oil company operates and
dissolve the corporation.
CONFERENCE UNNECESSARY
Will Settle Balkan Questions
by Direct Negotiations.
Paris, April 6.—France, in agree
ment with Great Britain and Russia,
has come to the conclusion that there
is no use of calling a conference of
the signatories of the Berlin treaty to
consider the Balkan situation. It la
expected that the abolition of article
29 of this treaty, which relates to
Montenegro and the port of Antivari,
will be arranged, as was the annexa
tion by Austria Hungary of Bosnia and
Herzegovina, by direct negotiations be
tween the nowera.
JEWELER
A. F. Laity, Optician
y
MING SPEECH
Ex-Governor Poynter of Ne
braska Dies Sudden^.
Lincoln, Neb., April 6.—W. A. Poyn
ter, ex-governor of Nebraska, while
making a speech in the office of Gov
ernor Shallenberger at the hearing oT
the daylight saloon bill, was stricken
by apoplexy and died within a few
minutes.
Poynter had scarcely finished a
calm, deliberate speech in favor ot
the bill when he was stricken. The
physicians were unable to induce even
the faintest respiration.
Immediately after it was known
that the ex-governor was dead Gov
ernor Shallenberger said there would
be no further public hearing on t.be
bill for the present.
A large delegation of Omaha busi
ness men, headed by Mayor Dahlmati,
was on hand to urge the governor to
veto the measure, which permits sa
loons to remain open from 7 a. m. to
8 p. m. only.
MOB DOES WORK RAPIDLY
Takea Negro From Jail and Strings
Him Up In Three Minutea.
Pensacola, Fla., April 6.—Dave Al
exander, a negro, was lynched here
for the murder of Policeman Carter,
whom the negro stabbed to death
while resisting arrest in the negro
section.
While the police station was com
paratively deserted a crowd of about
twenty-five men, at the point of re
volvers, took the black from his cell
and hanged him from an electric light
pole only half a block from the jai
and Just opposite the postoffice. A'
the body swayed and writhed in th*
air forty or fifty bullets were fired
into it
The entire incident lasted CMly
three minutes.
C0RBETT AFTER JOHNSON
•aya Negro Must Fight Him or Back
Down.
Chicago, April 6.—"Jack Johnson is
not going to lead the simple life when
I get to New York. He has got to
fight or back down."
This was the statement made by
James J. Corbett before he departed
on a trip which winds up his theat
rical season for the spring. He has
two weeks of engagements In Ohio
and will then proceed directly to
Gotham, where he says he will force
the colored boxer into a meeting.
"Johnson broke his word about cov
ering my forfeit," said Corbett. "I
posted the money and he ought to
have come through with his. He
claims to have $j,000 up Bomewhere,
but it must be in cold storage, for no
ana can find it."
MADISON. SOUTH DAKOTA, T1ESDAY, APRIL 6, 1909
HOUSE VOTES ON
TARJFFMIDAY
Date Fixed by Rule From
Rales Committed
LIMIT TO AMENDMENTS
Confined to "r
and
bar
PW*
Irrif.
torted by Ways
se'&nd to Lum
id Barley Malt
on Petroleum.
Amendment
if*
Ad
Valorem
i—t
Washington, April &—Final vote on
the Payne tariff bill jWas fixed for
lock next Friday id a rule reported
to the house by the %ules committee.
Tie order limits the amendments to
tln^e coming from the ways and
ith ins committee and to the lumber,
hiilisa, barley and barley malt para
graphs and provides for an amend
ing essary. He declared, however, that
on petroleum.
When the rule was reported Mr. Dal
zell explained it in detail.
Mr. Underwood of Alabama, a mem
ber of the committee on ways and
means, said that he believed the con
sensus was In favor of closing gen
eral debate and that an }rder was not
meat imposing 25 per cent ad valorem
tli( only question of difference was as
0 how the bill itself should be con
1 red. He opposed voting en bloc
n the amendments and the various
provisions of the bill.
To close debate on the tariff rule
Mr Dalzell (Pa.) moved the previous
iu« stion. Minority Leader Clark
moved to recommit, which was over
ruled. Democrats forced a roll call
on the Dalzell motion.
The motion for the previous ques
tion, considered a test vote on the
special order for amendment to the
tariff bill, was adopted, 196 to 180.
On a roll call forced by the Demo
orats the order limiting debate on the
tariff bill was adopted by the house,
the vote being 194 ayes te 178 nays.
ON QUESTION OF TARIFF
Democratic Senators Not Governed by
Denver Platform.
Washington, April 6.—That the
Democratic senators who have local
interests which might be injuriously
affected by a reduction of the tariff on
them will not feel called upon to al
low the declarations of the Denver
platform to stand in the way of their
opposing such reductions is made evi
dent by a letter which Senator Sim
mons of North Carolina has written
on the subject of the tariff on lumber.
He takes the position that the Dem
ocratic pledge of a tariff for revenue
only was made with reference to the
whole tariff system and that, there
fore, It does not apply to any individ
ual article. He declares that the tar
Iff for lumber is already low, as com
pared with the duty on other building
materials, such as steel, Iron and
cement, and adds that even the pres
ent duty of
$2
Clothing Compaq
on lumber is on the
revenue basis and he promises to do
all that he can to maintain the rate.
TO FIGHT FOR FREE HIDES
Leather Industries Open Headquar
ters in Washington.
Washington, April f.—The leather
industries of the country have openwd
headquarters in Washington for the
purpose of making a fight before con
gress to restore hides to the free list.
The leather men say they are not de
manding higher duties, but ask for
free raw material. In the hearings
before the ways and means committee
tho Bhoe and leather men consented
to a reduction of 50 per cent in the
duties on shoes and leather if they
could get the benefit of raw material
free.
PROTESTS READ IN SENATE
Michigan Objects to Free Iron Ore
and Minnesota to Free Barley.
Washington, April 6. Protests
against the Payne tariff bill were
prominent in the proceedings of the
senate. Senator William Alden Smith
had read a vigorous declaration of
some of the Iron ore interests of .Mich
igan against placing that product on
the free list and Senator Clapp pre
sented an equally strong petition from
bis constituents of Minnesota object
ing to taking the protective tariff tax
from harlev
Wheeler's Nomination Withdrawn.
Washington, April 6.—The presl
dent has withdrawn the nomination of
William G. Wheeler to be United
States attorney for the Western dis
trict of Wisconsin. Mr. Wheeler has
accepted a more lucrative position as
attorney for the Chicago and North
western railway In Wisconsin.
ADMIRAL CERVERA BURIED
Body Carried to Grave on Shoulders
of 8ailors and 8oldiers.
Madrid, April 6.—The body of Vlco
Admiral Cervera, who died Saturday
afternoon, was buried here. The body
was placed in a simple black coffin
and was carried to the grave on the
shoulders of sailors and soldiers. A
salute of twenty-one volleys waa flrel
ADMIRAL CERVERA.
at the grave. Following out the ad
miral'B request there were no flowers
Admiral Cervera will be remerti
bered as the commander of the Span
Ish fleet that was defeated by the
Americans at the entrance of Santiago
harbor, Cuba, July 3,1898.
NEW MARATHON CHAMPION
St. Yves Only Twenty Years Old and
Not Built Like a Runner.
New York, April 6.—Waiter in a
London restaurant and without a dol
lar less than a year ago Henri St. I
Yves is today acclaimed the greatest
Marathon racer in the world through
his victory in the Marathon Derby at
the polo grounds here.
The young Frenchman, who speaks
little English as yet, but earned 5,000
American dollars in one afternoon,
was about town receiving the con
gratulations of his countrymen, par
ticularly from a bunch of waiters in
a down town restaurant, who seized
the opportunity to back one of their
kind at tho prevailing odds of 12 to 1
In appearance St. Yves does not
look like a runner. He is short in
stature and built like a wrestler, with
powerful legs, broad shoulders, a deep
#hest and muscular arms. But regard
less of his appearance St. Yves
showed the big crowd at the polo
grounds that when It comes to speed
and endurance there was not a Mara
thon runner, professional or amateur,
who could have taken his measure on
the form he displayed.
St. Yves Is not yet twenty-one years
old, but he is regarded as the greatest
long distance runner in the world.
TWENTY-ONE ARE MISSING
British Vessel 8trikes Derelict OfT
South American Coast.
London. April 6.—A dispatch to
Lloyds from Punta Arenas, Chile, says
that the British steamer Oak Branch
atruck what is supposed to have been
a derelict in the straits of Westmin
ster and was abandoned in a sinking
condition. The first officer and eight
een of the crew and passengera were
landed safely, but the captain and
twenty persons are missing.
The Oak Branch Is a vessel of
11,064 tons and sailed from Liverpool
ft*
We Invite Your
Patronage^..
NEW SPRING CLOTHING
AND FURNISHINGS
The most Complete Line in the City
We 3fts showing an immencc line of SUITS AND
GRAVEN ETS, made by some of the leading manu
facturers in the country, ranging in price from
$12.50 to $27.50
FURNISHINGS
This department represents the newest in everything.
Every imaginable style in:
HATS, CAPS, SHIRTS, NECKWEAR, HOSIERY, Etc.
See our special line of Suits at $15, they are excep
tional values. .* .* .•
I i i-
DB. H. GULSTINE,
•DENTIST...
naiad
IF YOU WANT
-i to save time and mon
ey and get a square
deal, now is the time
to plan the Wall Dec
orations for your
home, your store*
your office.
O N W A I
until you are ready to
have the work done.
Decide in advance on
your color effects, and
thus get what you
want.
I am ready to show you the swellest line of
WALL PAPERS
in the city, at prices that will surprise you.
Remember, I carry the largest stock in the city
and 1 make Saturday a special tales day, to .show
and sell goods to everybody.
I carry a full line of Kalsomine, Varnish, Room
Mouldings and Plate Rails. When you come to
town call and see what I have to offer you.
BURT STACY,
CHAS. B. KENNEDY
MM*
—THE'*—
MADISON, S.
FARM LOANS AT LOWEST POSSIBLE
RATES
PHONE 293
Office is Psataffke 6*. MAIMSON, S. DA*
QR. O. ESTREM,
Physician and
OTFICE PHONE 293
HOUSE PHONE, Grata 4392
Offkt la Psstefkc Blh. MADISON. S. DAK
fOLEftftWflNHR
oa«the asa
White Wyaadotte Eggs
Seventy-five Cent#
per Setting, or Three
Dollars per Hundred
Mrs. Geo. Porter.
1
I
li
2 5
i
i
TW
t. KENNEDY,
VIM
•r!
•te.