Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-10-12
OIL STOCK HELD IN ENGLAND
Londoa Company Gwos Nearly All Stock
in Manhattan Oil Company.
NO COMPETITION WITH THE STANDARD
President Testiaer. However. that II
Completes with Independents
aud bids Up Prices On
Them.

FlNDLA1, o., Oct. il Evidence wa
brought out by the state today in the trial
of the Standard Oil company of Ohio for
conspiracy against trade showing the
ownership Of the Manhattan Oil company
of Ohio to be in the General Industrial
Development company Qimitedl OF London.
England. Also that the Manhattan, witch
buys and pipes crude oil, does not compete
with the STANDARD, but does compete with
Independent companies These facts were
brought out in the testimony Of F. T. Cuih-
bert. president OF the Manhattan. A STINT
lar criminal suit to that on trial is pending
against his company and he testified under
the order OF the court. which renders him
immune from future criminal prosecution.
This course was taken at the suggestion
of the prosecution. upon the appeal of NJ
Cuthbert 10 the court for protection. The
witness had been summoned and ordered
to bring the books of his company showing
the, record of stockholders meetings. The
books were produced
stock Held in England.
The record OF the last annual meeting
showed that Mr.. Cuthbert' had been elected
president by voting under power Of attor-
ney 1856 shares OF stock owned by the
English holding company. that this com
prised the entire stock of the company with
the exception of five shares, of which one
each is held by the president and four d.
rectors of the company. who are all rest
dents Of Lima O., the home OF the com
pany Mr. Cuthhert said he had been pres-
dent since 1893 and that he had held the
same power Of attorney since that time.
He knew nothing about the English COM
pany. had never seen any one connected
with It, but had eerresponded with j. w.
w
its managing director. whose addresses
were London. He RENTS money to them.
Mr.. Cuthbert said he had been connected
with the company about eight years and
prior to his election as president and had
been its controller. Explaining the ma lure
Of the business done by the Manhattan
Mr.. Cuthbert said that before he became
it's president the company did "A general
oil business, that IL owned producing prop
critics. pipe lines and a refinery at Galatea,
o. 1t had disposed Of ail but its pipe line
to the Ohio OIL company. but he did not
know who was now operating the refinery
at Galatea The Manhattan company now
does exclusively "a pipe line business. tn
doing so it buys the oil Of the producer,
transports it to storage stations and sells
1t to S. p. Trainor. purchasing agent for
the Standard who also buys oil for Joseph
Seeph, treasurer Of the Buckeye Pipe Line
company In what is known as the South
Lima field. where the Manhattan and Buck
eye pipe lines buy oil the price paid to the
producer is cents a barrel less than in the
North Lima field, where what are regarded
as the independent companies make their
purchases. %. .,. -.
OF Handled at Loss.
Asked to explain why this was. Mr..
Cuthbert said: :,rnaf --g r. q,
3 ITO protect our pipe lines from the en-
croachment of competitors" a.is
who are your corfape ators?" asked state |
Attorney Phelps. y 1sd' 81 .r ss !
THE National RefiPiag company of Find |
lay and the Paragqp Oil company Of
Toledo II, .Fs-+ ,n.,.. ,.
do YOU, pay cents barrel more for |
oil in the North Lima field than you receive |
for 1t from the Trainor purchasing |
agency" Co.,. -re .s
Yes"
Mr.. cuthbert then, admitted that. the |
profits Of his company in the North Lima |
field were very small. ifsany.
Prosecutor David asked the witness about |
the purchases in the Indiana territory COW
cred by the pipe lines of his company. He
said the Sun Pipe Line company and the
Indiana Pipe Line company were competi-
tors in that field. but the price there was
he regular market price. The witness
said his company bought oil for transporta-
lion at the wells of the Ohio Oil company
md in doing so did the business with f. S,
Bates, its secretary, at Oil City. Pa. Asked
{ Mr.. Bates did not use the telegraph wire
u the Buckeye Pipe Line company in
iolng business with the Manhattan Mr.
1uthbert said he did not know. that the
kilograms from Mr.. Bates were on the
blanks of the Buckeye company.
where Are Books Kept.
In the preliminary skirmish regarding
he Interpretation Of the immunity clauso
II the Devere law the court ruled that the
witness would have to make specific OPP
position TO some question, which he held
would tend to criminate him II ne an
wered. The question to which witness
objected was: Where does your company
Ieep its books showing proceeding of the
asst stockholders meeting?'
The state had Frank c. Shouck, deputy
ak commissioner OF Hancock county,
worn. He identified several tax receipts
IN file in the auditors office, showing that
Theodore NJ. ToIles of g Broadway, New
fork, was tax agent for the Standard Oil
company OF Ohio. the Buckeye Pipe Line
company and the Ohio OIL company.
This testimony was objected TO by at
g. 4 - I