The story of Standard Oil fine of 1907

A U.S. court fined Standard Oil of Indiana $29,240,000 for taking a rate lower than the published one. The judgment was reversed in 1908.

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3 Aug 1907

Standard Oil fine of 1907. A U.S. court fined Standard Oil of Indiana $29,240,000 for taking a rate lower than the published one. The judgment was reversed in 1908.

Standard Oil fine of 1907 involved Standard Oil Company of Indiana, Kenesaw Mountain Landis and the U.S. Court of Appeals for the Seventh Circuit.

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Pictures, from Wikimedia Commons: Standard Oil Company of Indiana, Eden, Janine and Jim from New York City, CC BY 2.0; Kenesaw Mountain Landis, Bain News Service, publisher, Public domain.