Standard Oil Company; Trusts, Industrial -- United States
The District Attorney put the president of the light of the world on
the stand. His evidence showed that the purchase of the three-quarter's
interest in the Vacuum Company, sold because "there were restrictions
in the shipments," was made by the three New York men on trial. "They
are share-holders in the trust," he said. When they bought the stock
they transferred it to the oil trust. He had known of the contemplated
purchase. Having thus proved that the three indicted directors from
New York on trial were members of the oil trust, and were managing
the Vacuum for it, the District Attorney proceeded, in pursuance of a
logical plan of inquiry, to bring before the jury what the trust was,
and its relations to the companies it covered.
"What is it ... if you know?" the District Attorney asked. The
president, through his counsel, objected to the question.
"What is the object of this?" the judge asked the District Attorney.
The trust, the District Attorney explained, owns a majority of the
stock of this Vacuum Company and others, and controls the manufacture
in this country of substantially all the lubricating and illuminating
oils. These defendants belonging to the trust, and "one of these being
chairman of a committee of the trust, it was the desire and motive
of the three to do away with competition, to destroy and ruin the
competitive works in Buffalo."
The Court asked the president of the trust if it was a manufacturing
company.
"It is not, your honor."
The Court ruled out the question "What is it?" although in doing so he
used language apparently contradicting his ruling, saying, in effect,
that it was "quite immaterial what the objects or purposes of the oil
trust are, unless these defendants are in some way interested so as
to create a motive to do what it is claimed they did do." Again, when
the District Attorney sought to ascertain in what other corporations
engaged in the manufacture of oil in 1879, 1880, and 1881 the trustees
on trial owned stock, it was objected to and the objection sustained,
although the Court but a few moments before had said, "I will allow
you to show everything these defendants have done upon the question of
motive, ... to show what their business is, the companies they have
stock in, whether it is an oil company or some other company--that
is, any company engaged in the manufacture of oil that would come in
competition with the Buffalo company...."
The judge, declaring that he would admit such evidence, refused to
admit it. What the District Attorney would have been able to uncover
as to the responsibility of the "trustees" for what was done by the
subordinate companies, the reader, freer than the jury in this case,
can find out for himself.
Public-domain text, read in full here on John Shaqi.
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