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Commercial
October 21, 1907
The Madison Daily Leader
Madison, Lake County, South Dakota
What is this article about?
Chicago stockholder George F. Harding files bill in superior court seeking receiver for Standard Oil Co. of New Jersey and Corn Products Co. of New Jersey, alleging conspiracy by Standard Oil and individuals to wreck Corn Products via unlawful price-fixing pool on glucose, grape sugar, and corn starch involving 38 factories.
Clipping
OCR Quality
98%
Excellent
Full Text
RECEIVER ASKED FOR
Suit Against Standard Oil and Corn Products Company.
CONSPIRACY IS ALLEGED
Chicago Stockholder Asserts That the Rockefeller Concern and Certain Individuals Combined to Wreck the Corn Products Company.
Chicago, Oct. 21.—George F. Harding of this city has filed a bill in the superior court asking for the appointment of a receiver for the Standard Oil company of New Jersey and the Corn Products company of New Jersey. Mr. Harding in his bill says that he is the owner of 500 shares of the capital stock of the Corn Products company and that its management is practically controlled by the Standard Oil company.
Charges are made that the Standard Oil company, with certain individuals, conspired to wreck the Corn Products company, capitalized at $80,000,000, and for this purpose formed a pool or trust, unlawfully regulating and fixing and controlling the price of glucose, grape sugar and corn starch.
Harding charges that thirty-eight factories were joined in this pool by the so-called conspirators.
The suit is similar to one filed in the circuit court May 4 by the Chicago Real Estate Loan and Trust company, which suit is now pending in the United States circuit court, to which it was transferred by the defendants.
Suit Against Standard Oil and Corn Products Company.
CONSPIRACY IS ALLEGED
Chicago Stockholder Asserts That the Rockefeller Concern and Certain Individuals Combined to Wreck the Corn Products Company.
Chicago, Oct. 21.—George F. Harding of this city has filed a bill in the superior court asking for the appointment of a receiver for the Standard Oil company of New Jersey and the Corn Products company of New Jersey. Mr. Harding in his bill says that he is the owner of 500 shares of the capital stock of the Corn Products company and that its management is practically controlled by the Standard Oil company.
Charges are made that the Standard Oil company, with certain individuals, conspired to wreck the Corn Products company, capitalized at $80,000,000, and for this purpose formed a pool or trust, unlawfully regulating and fixing and controlling the price of glucose, grape sugar and corn starch.
Harding charges that thirty-eight factories were joined in this pool by the so-called conspirators.
The suit is similar to one filed in the circuit court May 4 by the Chicago Real Estate Loan and Trust company, which suit is now pending in the United States circuit court, to which it was transferred by the defendants.
What sub-type of article is it?
Monopoly Or Cartel
Appointment
Merchant Complaint
What keywords are associated?
Standard Oil
Corn Products
Conspiracy
Receiver Appointment
Price Fixing
Pool Trust
Glucose Prices
What entities or persons were involved?
George F. Harding
Standard Oil Company Of New Jersey
Corn Products Company Of New Jersey
Chicago Real Estate Loan And Trust Company
Where did it happen?
Chicago
Commercial Details
Location
Chicago
Event Date
Oct. 21
Commodities
Glucose
Grape Sugar
Corn Starch
Key Figures
George F. Harding
Standard Oil Company Of New Jersey
Corn Products Company Of New Jersey
Chicago Real Estate Loan And Trust Company
Notable Details
- owner of 500 shares
- capitalized at $80,000,000
- thirty-eight factories
- similar suit filed may 4