Rensselaer Semi-Weekly Republican, Volume 39, Number 96, Rensselaer, Jasper County, 9 August 1907 — NEW BLOW FALLS. [ARTICLE]

NEW BLOW FALLS.

Oil Monopoly Charged with Unlawful Methods In Raising Prices. Following close on the track of the $29,240,000 fine imposed by Judge Landis in Chicago on the Standard Oil Company for violation of the Elkins law in unlaw-i fully swelling its profits by accepting secret rebates from the, Chicago and Alton Railroad, significant revelations are made public in a report submitted to President Roosevelt by Herbert Knox Smith, Commissioner of Corporations, concerning the operationd of the Standard company. In a previous report the means and methods of the Standard were explained. The present report sets forth the results of those methods and the effect they have had on the consumer of oil and on the profits of the Standard Oil Company. It deals with profits and price, showing just how the manipulation of the oil industry by the Standard has affected the pocket-* book of the American people. The report is accompanied by a letter from Mr. Smith to the President, in which the commissioner makes a scathing summary of the facta found in the report Three men killed In collapse of concrete building In Philadelphia.