The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1899-03-23

New YORK, March 21.--Upon the ar
rival Of the interested parties in the
Standard Oil company hearing at the
Hoffman House it was decided to take
no testimony. 1t was agreed to have a
hearing in the case of the state of Ohio
against the Buckeye Pipe company, q
branch of the Standard Oil company, in
the Office of Mr.. Mills, acting as com
missioner for the state.
Messrs. Elliott and Kline, counsel for
the Standard Oil company, sent letter
to Attorney General Monnett of Ohio de.
manding that he make public the name
Of the man who offered him blibe to
discontinue his fight
At one point the letter said:
$50 far as your statements connect
the Standard Oil company with any at.
tempt TO bribe you, they, are totally
false. You have the names, or claim to
have, not only of the friend who ap-
preached you, but also of others acting
with him, because on the l4th inst. you
said in the public prints that these men
were tclegraphing You from New York.
"While nothing in your story has di.
rectly connected the Standard Oil COM
pluy Nllll Nlt lNtlllpJNl bIlDtlyy . YOU
have desired the public to assume said
connections. We now demand that
you give the name or names of the per-
sons who made such an offer to yOu
claiming to represent the Standard Oil
company, that we may take steps to
quiet this most vicious of the many
false and sensational stories to which
you have given currency"
i,,f IN n pf N or Nf
Ohio against the Buckeye Pipe Line
company was begun in the office of
Commissioner @. Edgar Mills, that the
attorney general might take depositions
in the proceedings brought i'm Ohio tC
annul the charter of the Buckeye Pipe
Line company for violation of the anti.
trust laws Of Ohio.
The claim of the prosecution is that
the Standard Oil trust still exists, and
that despite the law the Buckeye Pipe
Line company is still member of it.
The Buckeye Pipe Line company was
organized for the transportation of crude
oil. Its headquarters are at Lima, o..
and the capital stock is 100000 II
II. Rogers is the president.
George Rice was the first witnes!
called.
Mr.. Flagg asked: Ibid you ever hanG
in to the trust a certificate for which yor
received stock of q constituent com
pany?"
Mr.. Rice said "yes."
Mr.. Flagg asked an explanation of the
exchange of stock certificates, and RicC
showed that at the dissolution of the
trust he received in place Of his origina
certificate Of stock a certificate of as
-, 80 ,,I,
him to his proportion of the property
owned by the 20 different companie
represented in the trust.
"The last certificate conveyed to me,
| said Mr.. Rice, "an equitable interest il
the property owned by the trust; tn,
second conveyed to me the legal title
"What did you receive directly upoI
| presentation of that certifiCate"
Il received corporate scrip in 10 diff
ferent constituent corporations and {
| paper acknowledgement Of a fractiona
interest in the Anglo American Oil com
pany Of London"
"How many shares of trust certificate
were covered by the assignment Of !ega
title you presented?"
| cone"
He explained that the certificates
| were the corporate scrip he had received
from the liquidating trustees.
"Now, having stated so much, will
you state if the Buckeye Pipe Line com
pany was a member of what is know
as the Standard Oil trustT" asked Mr.
] Flagg.
"Yes; it was"
"How do you know"
"Py its being represented in the cor
porate scrip / received from the hqui
| dating trustees"
In answer to questions, witness sait
he had owned this corporate scrip abou
three years. He had never received an,
dividends from any of it. None of tn,
companies i'll which he received frac
| tional shares upon surrender to the trus
of the trust certificate paid dividends c:
such fractional shares.
Besides this scrip, witness said h
had six shares represented by certifi
Gates Of the Standard Oil trust.
! A special dividend paid on the Stand
ard Oil trust certificates in the hands o
the hquidating trustees, Mr.. Ride said
amounted to 80 per cent for the last twC
years, or III per cent year. TIL
regular dividend was l2 per cent year
| maxine, a total 6ivi1an1 nf OQlL YNnr ,an