The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-03-21

4
Standard Oil trust still exists and II :
despite the .aW, the Buckeye Pipe Lin
| company is still a member of it Th'
Buckeye Pipe Line company was o:saniz
ed for the transportation of crude OIL. It
headquarters are at Lima, Ohio. and il.
capital stock is 100000 H. II. Roger!
| is the president. At the cesdings to
| day NJ. T. Elliott and Virgil P. Cli1e rep
resented the company. Attorney Genera
Monett appeared for the state CT Ohio
| W. l. Flagg acted as his assistant. A:
a preliminary to the inquiry, Messrs. e.
| lott and Cline agreed 10 admit a copy q
| the testimony given in October last Johr
| d. Rockefeller in the Standard Oil com
| pany case, provided the Ohio court should
decide that such evidence was competent
Counse. objected, however. holding thai
such testimony was not competent.
George Rice was the first witness called
| Mr.. Flag asked him if he ever owned
a certificate of the Standard Oil trust, anC
| he answered yes. The witness identified
as his property two certificates. me q
certificate Of the Standard Oil and the
other certificate of assignment of lesa
title. both original certificates.
Have you ever owned a trust certificate
Of the kind called certificate of equita be
interest, which you handed in to the trust
| and for which you received a certificate
known as an assignment of legal title?'
asked Mr.. Flasg.
Mr.. Rice said he could not reply unless
given an opportunity to explain and Mr.
Flagg asked: did you ever hand in 70
the trust a certificate for which you re-
ceiVed stock of a constituent company"
Mr. Rice said yes. and again asked to
be allowed to explain.
Mr.. Flagg held him down 10 a yes or
no answer. Mr.. Flagg asked an expla-
nation of the exchange of stock certificate
and Mr.. Rice showed that at the dissolu-
ton OF the trust he received in place Of
MS original certificate of stock a certificate
OF assignment of legal title which entitled
MIN TO his proportion of the property
owned by the twenty different companies
represented in the trust.
The last certificate conveyed to me. -
said Mr. Rice, IAN equitable interest in the
property owned by the trust; the second
conveyed to me the legal tit.e."
To whom did you present the certificate
supposed to convey legal titIe?"
I did not present it. It was presented
by my agent Mr.. McKemper. to the
hquidating trustees"
What did you receive directly upon
presentation of that certifcate?"
1 received corporate scrip in nineteen
different constituent corporations and q
paper acknowledgment of a fractional in
teTpSf in the A0nlO A
of London.
Now, having stated so much, will YOU
state If the Buckeye Pipe Line company
was member Of what is known as the
STANDARD OiLtrust?p asked Mr.. FIagg.
yes, it was
''How do you know"
BY its being represented in the cor
porate scrip I received from the liouida-
ton trustees"
In answer to questions, witness said he
had owned this corporate scrip about three
years. He had never received anv divi-
bends from an yof it. None of the com
pahles IN which he received fractional.
shares upon surrender to the trust of the
trust certificate, poid dividends on such
fractional shares. Besides this scrip. wit
ness said he had six shares represented nv
certificates of. the STANDARD Oil trust. A
special dividend Paid on the Standard Oil
trust certificates in the hands of the
Incubation trustee, Mr.. Rice said. amount
ed to 30 per cent-fOr the last two wears
or Il 10 per cent year The regular
dividend was y per cent a year. making
total dividend Of % 1-2 per cent per year.
Witness
sevenths of the stock of the pipe line COM
pany still rem ined as it did. constituted
the reason for the existence of what is
known as the liquidating board of trus-
tees. He understood that the other four
seventies were owned almost exclusively
by the .iquidating trustees and the officers
of the other nineteen constituent COM
panies. His refneries had been snEt down
for about three years. He was still pro
dUcing oil. He thought the Buckeye COM
pany did % per cent Of the local pipeage
in the state of Ohio. He was not aware
that other companies had tried to obtain
some of this business. Mr.. Cline asked
the witness if he had not testified in Col
umbus against the Standard Oil company
and against the Buckeye Pipe Line COM
pany on behalf of Attorney General No
nett. Mr. Rice said he had, and in reply
to other questions said that his expenses
had been paid by the attorney general but
that he had not been paid for his time,
nor did he expect to be paid for it.
The hearing will be continued tomorrow.
Il IS very hard to stand idly by and see
our dear ones suffer while awaiting the
arrival of the doctor. An Albany N. "
dairyman called az a drug store there for a
doctor to come and see his child, then very
sick with Group. Not finding the doctor in,
he left word for h m 10 come at once OF
his return. He also bought a bottle OF
Cough Remedy. which h
hoped would give some relief until the doc
tor should arrive. n a few hours he r.
turned. saying the doctor need not come.
as the child was much better. The drug
gis-. Mr.. Otto Scho,z. says the family has
since recommended Chamberlain Cough
Remedy to their nelgh5ors and friends
until he has a constant demand for &;
from that part OF the country. For sale
by druggists.
London. March 2a-On the arrival here
this even from Portsmouth n the remains
Of Lord Herscheu the casket was taken
in a modest heaTse IN the are residence ~
the deceased in G-osveno- Gardens.
FATFesE al amor