The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-10-13
STANDARD OIL INVESTIGATION
COMPANY CHARGED WITH CON
TEMPT OF COURT.
During a Searching Examination,
President Rockefeller Denies the
Existence of Trust.

New York Oct 1.-THE investigation
into the affairs of the Standard Oil
company before Allen t. Brinsmaide.
special commissioner, representing the
supreme court of Ohio, to find out
whether or not that company is in con-
tempt Of court in Ohio. was resumed
today, with Mr.. Rockefeller on the
stand.
Mr. Rockefeller said that on March
Il, 1892, So, 219, $40 in earnings were dis
tributed, in accordance with the order
of the court that the trust be dissolved,
and he maintained that the order of the
court had been obeyed. Since the dis
solution, he said, the Standard Oil
company of Ohio had been managed
entirely by its officers and owners,
while before 1t was controlled by the
vote of the trustees. It is now the
same as any other company organized
and doing business under the laws OF
the state OF Ohio. He admitted that
the original trust certificates represent
ed an equitable interest in the stock of
the trust, and that the liquidating cer>
tificates also represented such an in
terest.
DO you own any of the certificates"
Attorney Kincaid asked.
My interests are entirely in the con-
stituent companies" Mr.. Rockefeller
replied.
do not all of the outstanding or.gi-
nal trust certificates and the new ones,
each and all, receive their proportions
ate share of the division of funds from
the constituent companies?"
Yes
Mr.. Kincaid, in explaining the ques-
ton. said that his theory was that so
long as there were so many uncanceled
certificates Of the Ohio companies in
the trust, it was practically part and
parcel of the trust, in violation of the
decree ct the court
Mr. Rockefeller said that the reason
Tor the certificates remaining uncan-
celed was through the fault of the
holders.
In reply to a question regarding the
relations between defendant company
and the Standard Oil trust, Mr. Rookie
Teller said:
The payments to those holding in
terest in the constituent company have
been made to them as shareholders in
the constituent companies by the con-
stituent companies
In answer to a question as to the
respective contract relations, if any
between the Union Tank Line company
of Ohio and the Standard Oil company
of Ohio, Mr.. Rockefeller said:
There is none to my knowledge"
MT. Rockefeller was unable to give
much information about the tank line
company and the Buckeye Pipe Line
company.
Attorney General Monet then put
this question:
Il now ask if any of the directors
of the Standard Oil company are stock
holders in the Union Tank Line COM
pany, and who are they?"
Then, before Mr.. Rockefeller had a
chance to answer, Mr. Monet said:
IF Mr.. Rockefeller refuses to an
swer this question, Mr. Commissioner.
request that the attention of the su-
preme court of Ohio be called to it, so
Mr.. Rockefeller may be taken before
that court on a charge of contempt"
Mr.. Rockefeller's counsel advised him
not to answer, and he said:
I decline to answer"
Other questions designed to show re-
lations between the Standard and
Union Tank Line company brought
very meager results.
To a question which might have the
effect of showing that the constituent
companies were closely allied with the
trust, Mr.. Rockefeller said:
Each company has it's own separate
They report only to
their own shareholders
An attempt was then made to get
Mr. Rockefeller to admit that the com
panies in question reported to the Off
ces of a so-called trust at 20 Broad
way, this city. In this Mr. Monett
failed. Adjourned untiSomorrow.