OIL: An Answer

The Lamp, official organ of the Standard Oil Co. of New Jersey for its stockholders and employees, gave the Company's answer to the report of the Senate Committee on Manufactures made last March. That report charged that the Standard Oil Co. still exercised a monopoly and took huge profits, and predicted that the price of gasolene would rise to one dollar a gallon.

In reply The Lamp charges that the findings of the committee were inspired by political motives and that it set out to substantiate preconceived...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!