Note and Comment

Seventh-day Adventist Publishing Association · Battle Creek, Mich. · May 20, 1902

“THE first world trust,” is the expression made by an Austrian journal with reference to the great transatlantic steamship combine. It appears, however, that the Standard Oil Trust comes considerably nearer than this to the idea of a world monopoly. According to a telegram from Berlin, dated May 2, a member of the German Tariff Commission declared at a session of that body that the Standard Oil Trust has now acquired control of every German dealer in petroleum, save two. “It is therefore able,” he said, “to prevent Russian, Rumanian, and Galician petroleum from successfully competing with the Standard oil.” He suggested bringing the refining industry to Germany as the only means of breaking the power of the “ring.”