Waterbury evening Democrat., 1907-09-20
JOHN DIS BIG INCOME
Rockefeller Receives $21.25 a
 Minute From Oil Trust.
TILF0RD GIVES UP FIGURES.


 Oil Kings Share of Dividends From
 1899 to 1906 Amounted to $s1 ,406,
 S22.12-Mardate of Supreme Court oi
 Texas Defied by the Combine.
 New York, Sept. 2O.-From the ex- animation of Wesley H. Tilford, treas, urer of the Standard Oil company, at the hearing before ex-Judge Franklin Ferriss in the government suit to dis 1 were spread upon the record:
 First.-The Standard Oil Trust ot Ohio when ordered by the supreme court in 1892 to wind up its affairs and dissolve continued its monopolistic combination without change in, man agement or methods, with the same officers, the same stock owners and the same control of supply. transportation and price of oil for seven years, until 1S99
 Second.--The mandate of the SUI preme court of Texas debarring the Standard Oil combination from engag ing in business there has been defied by the operations of the Corsicana Re fining company, owned by H. c. Fol ger and C.. N. Payne of 26 Broadway and the Security Oil company, said to be controlled by the Standards origi- nal financial institution, the Seaboard National bank of IS Broadway.
 Third.-John D. Rockefeller's income during the eight years when, as he and his friends have said so often, he never visited 26 Broadway, was $21.25 per minute from oil alone.
 Tiford a Cautious Witness.
 MT. Tilford, who is treasurer of the New Jersey company-the trust-a vice president of the Standard com. pany of New York and a director in other feeders of the trust, was very cautious in replying to Frank B. Kel- loggs questions.
 Mir. Tilford said that at the time the trust agreement was signed in 1882 he was looking after the Standards inter. ests in the Chess Carley company of Kentucky. The Standard owned 90 per cent of the stock and r. B. Carley of Louisville 90 per cent. He was one of the Standard Oil trustees in 1887. and during the seven years of liquida' tion he was an attorney in fact for the liquidating trustees, whose personnel was the same as that of the original trustees. The liquidating trustees col lected and distributed dividends of the nineteen subsidiary companies to the holders of trust certificates and also to 'who had not yet taken out theil stocks in the separate companies" he said
 Before he left the stand Mir. Tilford admitted that he couldn't name any one who had taken out his shares of stock in the separate companies. There were 972,500 trustee certificates out standing when the Ohio court ordered the trust dissolved. At the end of seven years the Standard Oil Company of New Jersey issued S97, ,250, ,O00 stock. dollar for dollar in exchange for the stock of the nineteen companies. And MT. Tilford was forced to admit that so far as he knew every man in the original trust, when it was ordered dissolved in 1892, took out an assign. ment certificate similar in form to that of the president John n. Rockefeller.
 Rockefeller Owned 256,854 Shares.
 MT. Rockefeller owned 256.S54 shares or trust certificates. The trustees adopted a resolution on March 21, 1892. dividing all the stock of the nine teen companies in the combination in to parts equal to the total number of trust certificates outstanding. 9T2,500. MT. Tilford then made out a legal as- signment signed by the trustees, as- signing to each holder of a trust cer- tificate his share in all the companies together. John n. Rockefeller's share amounted to that proportion of the stock of each of the nineteen compa- nies represented by a fraction with 2J6.S54 as the numerator and 9I2,500 as the denominator.
 Mir. Tilford was made to tell how during the seven years of pretended liquidation the trustees voted the stock and elected directors for all the com panies in the combination. They col lected proxies. he said. from other stockholders. and the trustees voted them. But they did this as individuals and not as trustees, he said very sol emnly.
 Then you don't pretend to say that the liquidation which was started in 1892 changed in any degree the man. agement Of any of these companies. do youl" demanded Mir. Kellogg.
 'I do not" was the reply. T don't know of any serious changes"
 Standards Texas Dodge.
 When asked about the Corsicana Re fning company of Texas. Mir. Tilford said he had heard of it. H. C. Folger. he said. hsd charge generally of the Standards rafneries. C. \. Payne. he said. was connected with tho Stand ari's pine lines. Roth had offices at 26 Broadway. When asked if he knew Folger and Payne were partners Mir. TUford said he had beard they had an interest "sanewhere down there in Texas He said he knew something about the wateTS-Pierce company and had heard inc company was rsOrganiz- ed because it was forbidden to do