The Montgomery advertiser., 1906-03-21

the old company"
 "what officer attended to this trans fer?"
 q signed the checks. if that is what you mean"
 Whom did you sign the checks for. in whose favor were they drawn?"
 T cannot recall"
 Can you recall having made out any checks to, the Standard Oil Compa- ny of New Jersey?'
 T cannot" z whom you niade out checks besides yourself7s
 Ne"
 Nothing significant to Adams.
 Can you explain why the internal revenue stamps on the certificates or stock were cancelled one day and the assignments not made until four years later?"
 No"
 Doesn't that suggest anything to youY'
 No"
 "Do you know w. T. Mckee. the present secretary of the Republic oil Company. and the man who testified | here Monday that while he was em- ployed by the Standard oil Company he had audited the books of the Waters Pierce Company
 Yes, met him in the waters-Plerce onices.'
 l What was he doing there7" He was employed by our company Isn't 1t a fact that he was put upon the pay roll to audit the books of your company and that when the auditing had been completed that his name was stricken off the pay roll?' | Yes. that's right" | Attorney General Hadley than asked MT. Adams to produce the stock book of the disincorporated Waters Pierce Company. Mir. Hadley also offered a summary showing in abbreviated form l the various holdings of stock, with the transfers, if any. of the stock. The summary was accepted by opposing counsel and was used by Mir. Hadley in questioning the witness. Transfers of Stock.
 Certificate No. 6. of the old concern was for 1899 shares made out to the ! trustees of the Standard oil Trust. In June of 1905, the stock was transferred and new certificates issued, Nos. 13 and IT, It was shown by tho bank that certificate No. IS was made the Standard oil Trust, while the re- maining shares of the lot were made out to w. H. Tilford. The bank also showed that fin March of 1885, certificate for four hundred shares, another for 400 shares and in March, 1890, still another certificate for 359 shares of the Waters-Pierce oil Company stock was made out to the trustees of the Standard oil Trust. The witness later admitted that the Stand l ard oil Trust and the Standard oil Company of New Jersey were the same. ! It was proved by the reading of the stock certificates that the Standard oil Company of New Jersey in 1900 held as much stock of the old concern as M. M Van Buren of Ardsley- on the l Hudson holds in the Waters Pierce Company at the present day.
 The exact number of shares of stock of the company Is four thousand.
 These shares were first acquired by ] the trustees of the Standard oil Trust | JuNe 22. 1882 when the company stock of She Waters-Pierce Company was in. | cr9ased from $100,0O0 to s40O,000 ana constituted a majority interest wher i the old Waters-Pierce Company was | dissolved in June, 1901, the same 2,T4I shares were transferred to M. M. Van i Buren.
 Mir Hadley endeavored to show that these shares are still held by Van Bu- 1 zen for the Standard oil Company. He | asked MT. Adams whether the dividends | declared on those shares were not di- vided approximately among officers and stockholders of the Standard oil | Company, particularly NJ. NJ. Tilford.
 Adams Pleads Ignorance. | MT. Adams pleaded ignorance of
 what became of the money after pay naent of dividends had been made
 There was then introduced a letter written by NJ M Van Burcn to Adams l directing that dividends on tho former S stock in the Waters-P Pierce oil Company should be passed by check Into the Sea board National Bank of New York.
 A receipt for S9sS5O that had been paAd to Fl. Clay Pierce on his stock in the Waters -Pierve Company was then shdwn to Mir. Adams with the request that he tell id he could what part oi the sum had gone to the Standard or Company as its pro rata of earnings or stock in the stser concern. Mfr. Adams