New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-12-16

hundreds of thousands could not be bought IN any
ket without influencing the price At,e, n, u '
witness the committee took recess un'n ~ ~'
TIE AFTERNOON SESSION,
A. ,ha ofterpoon session Senator Boyd succeeded IN
lending the examination over q wide field IN wuicn wy
question of corners and futures found little part o.
s. Van BOkkelin, manager Of the "Publlc frouuoo -
change" al No G3 Broadway, testified that he uu "o
consider dealings in futures prejudcia TO the pupuo"e
fare He was then excused until Monday 60 'naV Nv
could get a copy OF the charter VI ms $500
H. NJ Flaeer. secretary OF The standard on company,
thought that evils sO-called connected win
very graetly maguited No business OF any 3 f, G
cOud be transac co without the principle OF IuIc uu
liverios being involved. For instance an OH eNuI'
has order for cargo Of OIL hut ms vessel rs noS NJ
port or for some reason Ills European ,l 6o 81
does the oil for week or month may ne; h
is willing to buy and pay ne mai dd ihoUSb we
have largest warehouse facilities OF any hnSc to'
IA New York" con inuCd Mr.. FlagieI, I'VE are eOne
Contracts future deliveries are necessary, Decso
day { business cannot be kept the salne 49,,
Fl4gler then SAID That ne wished 10 oolFIo Oh
of F. B. Thrber, who had stated mat th ~, All ~
Company mad In 1850 paid dividends Oh ~ 95I000
TDs false the actual amount pald was 90 mo
and that sum represented less thau pcn ~ IN Scnator
capital actually invested This testimony lea oehatUr
BUyd ntO IA ZigZAg line OF inquiry aoV p c,on
financial standing and business operations W ,,s lad
daTd Oil interests Mr. BOyd said that tne WINS iii
volunteered his statement and had mpeaeheu tae 81
mony OF another Witness therefore we irhi not be
mistaken Mr. Flagler endangered 10 make u clear o
tie chairman that dividends were not away IN
profits, and that the standard had put some vi .1 -,
ns into new construction, Then Mr BOYD wanted f c%
know what the profits Of the company hui Doom 10 %
twelve years; nat Mr. Rockefeller and me wtHess
Mr. Fasler declined to answer as oelns - 40
tue scope If the committees inquiry lie was "ln W
testify that Standard never dealt IN futures VIII @
exception of selling refined oil Tor ac'ui ~,
near future. Chairman Boyd requested tue witness ~
refer books ana prepare statement W Tba Wit
pany's profits, the value oil its properly c'o A"'
l ess did not look If he would do So - >-.,o,o1
BENJAMIN Brewster. yce-presldent OF tne t9nnd
TIanslt Company, which connected with the o,duuH
OIL Interests, thea entertained the committee WIN lu
description OF the methods for haudlng the OH lpus!
by the Standard combination. He claimed lhat aes
operations reduced of refined oil TO the
er and ne de nued 1t public benciactOr agalust .io
popular ASSAULTS made upon H. H. denleu tudt ,no
CON biuaOn was Interested at IL III the OH sprcuIatoh
his year or that specuiated. The wltss tio-
IN 4 no great cUud be conducted WlhVut ue"
iugs IN futures When you come 10 tralshc Una.
are pure IDEAL" he said, 3" cannot DoeNo tndt ~,
are An hing out mischevOus. Wnen the country s III
speculative mood 1t Is not in a frame oil NINA 10 40 tH"
sieau pi0duing business mat max the country iVu
mr. standard conplnAon, dr BreW-ter sud, Nlitu4I!
dd no. produce any OIL nor control any Nels III VU
clusiun the witness refused 10 grdy We ny
desire for the information mat nj fIago' La" ~
Jus ii TO give.