The Montgomery advertiser., 1906-12-20
MEMORY OF TEAGLE OIL COMPANY OFFICIAL CANNOT
 REMEMBER. On Witness stand i'm Case Brought by State of Missouri Against stand-
 ard COnapany-PFivate
 Matters Discussed.

New York, Dec. 1s.--Cross examina- ton of Walter c. TeagIe, now of the export department of the Standard oil Company. which was begun yesterday when the hearing of the suit instituted by the State of Missouri against the Standard Oil Company, the Waters Pierce Oil Company and the Republic oil Company was resumed today. when the hearing was adjourned yesterday Mir. Teagle was telling of the organ ization of the Republic oil Company which 1t Is claimed by the State was a Standard oil concern.
 Today he was asked what was the price paid for the SchofieId- -Schurmer and Teagle Company's property, which went, 1t is claimed, to form the Re- public oil Company. He replied that he did not know what price was paid nor did he know that there was any contract for the sale He was one of the stockholders in the Republic oil Company, but he did not pay for the stoehs-he merely held 1t.
 An attempt by Attorney General Hadley of Missouri, the cross exanii- nerAt to learn the exast position Teagle held with the Republic oil Company was not successful, The witness re- piled to many questions In this connec- ton that he could not remember Nor could he remember what Salary he re- ceived from the Republic oil Com pany, further than that he thought 1t was fairly good salary" He went into the export department of the Standard Oil Company because by so doing he got a better position
 Mir. Hadley read to the witness sev- eral letters which the witness. Teagle, had written to the oil company's agents after he took the general management of the company, in which he told his agents to be sure. to represent that the Republic oil Company was an independ- ent concern, inasmuch as the independ- ent companies were claiming that the RepublicN Company was not an inde- pendent concern. Circular letters were sent to the trade similar in tenor.
 Mir. Teagle said that the letters wereI sent to prevent the company's agents talking too much. He regarded the Re- public oil Company as an independent concern and he wanted his agents to so regard it.
 "You regarded all the other comma nies in your field as your competitors?" asked Mir. Hadley.
 And despite the fact that the stock holders in the Republic oil Company were. save alone yourself, employees of the Standard oil Company you carried on fierce competition with the other in your field?'
 Yes"
 Teagle declared that during his ten ure of office in the Republic Company. he never had held communication with the WatersPierce Company.
 Teagle was followed on the witness stand by c. l.. Nichols, President of the Republic oil Company.
 MT Nichols said his company never had any agreement with the Standard oil Company of Indiana or with the Waters Pierce Company. All of the stock of the Republic oil Company was held by MT. Nichols and his associ- ates, in trust for the Standard oil Company of New Jersey. Mir. Nichols said that he drew the dividends on the Republic Company stock which he held. put turned the amount over to William ]. Rockefeller. Treasurer of the Stand ard oil Company of New Jersey.
 You are closing up your business in ! Missouri?" asked Mir. Hadley.
 We are"
 ''Yoa are simply maintaining a nom- i nal existence on account of legal ques- .ions?'
 You won't let us get out" broke in Attorney Hagerman, counsel for the | Standard oil. You have served us l with an injunction"
 T want something 10 levy on," re- | piled the Attorney General
 You intend to get out of Missouri | and you are only now in Kansas City | md St. Louis?" continued Mir. Hadley. !
 That is true"
 After the disclosures that the Re- public Company was not an independ- | ant concern you felt that the interests ! rad been subserved and the Republic . could end it's existence?"
 Tn ways yes"
 You have sold your business out 'ide of Missouri to the Standard oil | 
 Yes sir"
 Because 1t had served its purpose when the disclosure had been made hat 1t was not an independent com ,ern."
 "Yes sir; 1t had kept up the special rade in the special brand 'Palacine hat had been built up by the schoAeld