Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-09-18
TESTIMONY IN STANDARD
OIL DISSOLUTION SUIT.

New York Sept. 1S.---Tolying of tcs-
timony here IN the governments suit
TO dissolve the Standard oil company
OF New York will be resumed today
before the special examiner. ex-Judge
Ferris. II Is likely that soon. possib-
~ today, q strenuous fight viii be
Wagcd over the production Of books.
which Frank y. Kellogg. the govern
ments' counsel. believes contain the
minutes of meetings Of liquidation
trustees who issued shares OF STAN
dard OH stock In exchange for the
certificates Of stocks In the 10 COM
ranies control Of which the govern
ment contends. was taken over by the
Standard Oh company of New Jersey.
after the dissolution Of the Standard
OH company OF Ohio. Mr..
kellogg has already submitted
In evidence statistics COM
piled by Standard oil company
officials at the governments order
showing that the Standard on company
Of New jersey received reports regu-
larry from the 10 companies. 10 has
also been shown by him that there was
an exchange Of stock certificates 20
the number Of 972, 900 between the
standard OH company Of New Jersey
and the other companies Controller
c. G.. Fay Of the Standard oil COM
pany testified that he was not sure that
all Of the books were in existence. He
said that a few OF them might be In
the company's vaults but his knowl-
edge on this point was apparently
vague. Mr. Kellogg hopes by the
books 10 show the details Of the al
legged absorption Of the 10 companies
by the Standard oil company Of New
Jersey and thus TO strengthen the gov
ernments documentary evidence.
Further efforts 20 obtain the records
Nha 1lnmfHufEftcr 30
dard OIL trust. which effected the disso-
luton ~ the trust and formed the pres
ent Standard oil company OF New
Jersey, were made by Frank b. KELLOGG.
who is conducting the suit for the
court
Clarence G. Fay, assistant comptrol-
Ter OF the standard. was called today
and was questioned about the income OF
the c. NJ, Pratt Investment company.
He said that the income from this
source In 1902 was $l37, 400 and that the
money was paid over 10 the Standard
OIL company by G. NJ. Pratt. who yes
terday testified that he held stock Of
the Walters-P Pierce OIL company OF Tex
az. the Standard company, and that
the standard company held the stock
Of the G.. NJ. Pratt Investment company.
IN lieu Of the Waters-Plerce oil COM
pany stock.
Mr. Fay testified thar between 1899
and 1906, the stock Of the waters-P Pierce
oil company did not appear upon the
books OF the Standard Oil company OF
New Jersey as an asset In 1899 the
latter cpmpany's balance sheet showed
ownership of 2,747 shares OF the Wa
ters-Pierce stock, valued al s., 087 SOP.
Mr. Fay was questioned about certain
Central Trust company certificates held
by the Standard OIL company between
1899 and 1904. A statement from the
company showed that stock of the
Nauona. Storage company was sold In
exchange for Lehigh Valley railroad
bonds and deposited with the Central
Trust company, which issued certld-
Gates IN exchange.
In 1905. these Central Trust Certid-
Gates We're exchanged for 100000 In
cash and $500 600 worth of per cent
bonds Of the Lehigh Valley Railroad
company.