Evening Republican, Volume 17, Number 118, Rensselaer, Jasper County, 17 May 1913 — Higher Says Authority. '• 4 – [ARTICLE]

Higher Says Authority. '• 4 -

General increases in the price of gasoline and kindred oils are certain in ratio to the diminuation of the supply, which is rapidly lessening, according to William M. Burton, general superintendent of the Standard Oil Co., of Indiana. Mr. Burtpn made the statement while testifying before Supreme Court Commissioner John Montgomery, Jr., of Missouri, in the company’s effort to retain a legal standing in that state. Mr. Burton testified that the price of crude oil has Increased 100 per cent in the last few years. “Unless there is a new supplydiscovered the price must keep ascending,” said Mr. Burton. s In answer to a question by John T. Barker, ; attorney general of Missouri, Mr. Burton stated that the company, which was ousted by the United States Supreme court decision in April, 1912, if allowed its former standing would seek to undersell all of its competitors. L. J. Drake, vice president of the Standard Oil Company of Indiana, also testified that the Indiana company had completely dissolved from the Standard Oil company of New Jersey. Adjournment was taken until Friday morning.