New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-10-13
ROCKEFELLER HEARD AGAIN.
CONTINUATION OF riff STANDARD OIL
INVESTIGATION.


Tho Investigation into the affairs OF the Standard
oil Company before Allan r Brasmade Special
commissioner representing the Supreme Court Of
ohio to ind out whether or not that company is
IN con,erp, Of court in Ohio. continued yes,er-
dov morning in the New-Amsterdam Hotel Fourth
ave ard Tventy-frs'-st
The state Of Ohio again represented yester-
,,v by Attorney-General Monet and F. r. Kin
reed Of Cleveland and W. J.. Fagg. Of this city.
1ohn D. Rockefeller has for his legal advisers a.
= Elliott OF this city. and Virell 7. Kline OF
Cleveland
4 decision OF the Supreme Court OF Ohio on
March IL 1892, held that the Standard on Com
many Of Ohio should be deprived OF the power OF
teeplng an agreement made by that company IN
entering the Standard OH Trust II further
hold that u any of the corporations concerned
.houd recognize the transfer OF shares made on Its
stock books to The trustees of the trust. or should
INV dividends 10 them instead Of TO the rightiui
owners Of the shares. or should permi; the trustees
a. vote on the shares so held by them In the eec-
lion OF directors that company must be regarded
es perform ing the agreement in violation OF the
order OF tho Court.
Mr Rockefeller resumed the stand yesterday
morning. shortly after 10 o'clock. The first cues
lions were put by Mr.. Klnkead. lie asked apou'
,bo distribution OF the earnings OF the delehuah'
company Mr. Rockefeller said that on Ma'ch 49,
ISg S32l9ji0 In earnings were distributed III az
cordance with the order Of the court ihat 'no
,-ps, be dissolved Mr.. Rockefeller told again the
method by which the trust returned the ee',,n ~.
cafes OF the trust TO the various companies MI
Knkead asked; ,.
are YOU willing Mr. Rockefeller. ms president
~ the Standard oil Company OF Ohio and president
n, tie Standard OIL Trust. to produce copy OF the
books referring TO the surplus
ARGUMENT AMONG THE LAWYERS.
This question caused considerable argument be-
tween counsel after which Mr. Kinkead began an
other line OF questions without an answer 10 '''
foregoing
NJ Rockefeller was Induced to admit that he was
,hn only one Of the liquidating trustees who Is
IN, q member OF the Standard Oil Company OF
Obio Finally Mr.. Rockefeller was brought BACK
N the question regarding copy OF the DOCKS re-
ferr,ng 20 the surplus. and he sad he would not
rromise 10 produce the copy asked for
Mr. Rockefeller testified that the defendant com
many had no surplus except $4,000 900 received from
The sale Of tank cars, and OF this sS'-l' i'i hau
been distributed. 49,
What was the method OF business of the 'nio
co--,any lust prior 10 the decree OF tie Coui' 81
far as In connection with the trust;
The question caused more argument OF couhsei.
Finally the question changed somewhat anu
NJ Rockefeller answered.
since the dissolution the Standard OIL Company
Of OHIO has been managed entirely by It's ohhcers
and owners and before II was controlled DE the
vote OF the trustees II is now the same as any
o,her company organized and doing business unoe'
the laws Of the State Of OHIO
Did not the original trust certificates represent
an EQUITABLE interest in the stock of the trust
Yes"
Nj Rockefeller was then asked similar QueS'io'
about the hqudating certificates. ana ne pla1,'Oo'!
admitted that they represented an equitable interest,"
in the constituent companies
do you own any Of the new certihcates!
MY interests are entirely in the constituent com
panies a. said yesterday
Mr. Kfnkead then said that M RocReieAel ia !.
practically admitted that he had so transferred anu
manjpulated the certificates TO comply with the Ia"
mat he must have practically given up ana rem
dered worthless large interests MI hocheie-e'
then said
have rendered worthless the interests nave re-
ceiyed in these various companies / would IKE 10
correct It. think have already SAID 90 MOT
receive anv dividends except from the certincates
Of the constituent companies. have no interest
as trust certificate holder. l manage 10 get NY
share o, the interests on the shares hold. be II
large or small am not connected with the trust
except so far few little duties assigned 10 me
are concerned
DO not all Of the outstanding original trust Ger
.ihcates and the ones each and all receive 'he'
rroportonate share OF the division OF funds coming
from the constituent companies?"
Yes"
MR. KINKEAD'S THEORY.
Nj Kinkead in explaining a question said that
his theory was that long as there were so many
,noance.led certificates OF the OHIO company in the
trust was practically part and parcel Of the trust
in violation Of the decree Of the Court M Rookie
teller explained that the certificates remaining IN
cancelled vas probably due TO the fault oil the
holders.
Cannot the trustees enforce liquidatonT
and
,re could no, compel the holders Of certificates TO
surrender them We can give them the lniorma-
ton that they should do It and be prepared to DO IT,
For myself should have been very glad Il they
had all done It straishtaway
The afternoon session began shortly after
o'clock the questioning Of Mr.. Rockefeller being
Then taken I'D by Attorney General Monet. The
first question was:
win YOU be kind enough 10 give me tho names
o. the parties who returned the loa@ shares
o. original trust certificates for redemption suose-
ouent 90 November o 1897. together with the 5000
which you say were put in FOR redemption since the
int4rrogatory?"
Il DO not know from recollection"
WHO are the people who returned the 100 s9
shares for REDEMPTION 10 you as chairman or az
'e - do ,'i ,6, Know The names Of those people"
You le "a T T5a T as 3ad 5ne Of get
I think We can set il possibly by , sePs n, nii
dence taken before the Ohio supreme Court ill.,,
Il want 10 know II any one In the list has liqui,
dated trust certificates since the answer was hleo.
u don't see that can tel YOU.
Your counsel Mr. Kline. says you can. J. say
you can and YOU say you can't Ietorted Attorney
General Monet , . a - a. ,,,.
Nj Rockefeller consulted some papers and INA y
SAID; , ,e = .Ao,,A CO..,
, Tbompson Lewis s. Thompson. Salome l.
Jones II Melville Hanna. Joseph i;eeP Hugh =. J.
yeye,, charles NJ chaplin. j II, AleXander sal
80 y uaTsn4ss Daniel C'Day. James NJ Cqnsta-
BE. John J. Kennedy, II, a HutGhin-.' n l.. LATE
Pedford q ~ Pratt D Everett Macy. estate Of
Josiah Macy IT,, a. NJ Mc.5feF"I' nj are lsS pa,
KLINE CALLS MONETT "FRE5H"