Los Angeles herald., 1907-09-21
JOHN d. AND
COLLEGELOSE
OIL STOCKS HELD BY BYUNIvERsITY
DECREASE IN VALUE
AGITATION COSTS ROCKEFELLER
HUNDRED MILLION
Magnate Owns 247,e9o Shares, While
Chicago Institution Has 5000.
Government Learns Se-
crets of Octopus
BY Associated Press.

| BY Associated Press
| NEW YORK, Sept. 2O.-Records Of the
stockholders of the Standard OIL COM
pany of New Jersey laid bare today at
the hearing of the governments suit for
| the dissolution of the alleged oil com
bine disclosed the fact that John D.
Rockefeller owns 247,69O shares, or nearly
five times as much stock as any other
individual shareholder and that he and
his associates who signed the trust
agreement in 1882 still control a majority
| of the stock.
| Measured by the present market price
of $40 share the holdings of Mr.. Rock
efeller in the Standard OIL company have
value of $1O9,0OOOOO.
| The stockholders record of August IL,
| 1907, shows that the University OF chi
cago is the owner of 5000 shares of Stan
dard Oil stock The price of the stock
within the past ten years, before the
| time of the agitation, had been more
than $500 share. Since the legal pro-
ceedings against the Standard Oil COM
pany were instituted the stock has
steadily declined until 1t is now around
$40. This represents loss of over Slo0,-
900 900 on the holdings of John ID. ROCK
efeller in the shrinkage in the market
value of the stock and also affects the
University of Chicago to the extent OF
about $2,000,0OO.
Important HecoroS oeCuTeu
Some of the Standard Oil company
books wanted by the governments coun-
sci engaged in proceedings here toward
dissolution of the corporation have not
yet been produced, but several important
books have been forthcoming.
| The agreement of 1882, which was signed
by most of the men now in the front
ranks of the Standard Oil ownership and
management was put in evidence by
| IL anti cr,n
ciaI counsel, and it's authenticity was
4 admitted by the company's lawyers. How
Mr. Kellogg obtained possession of this
| document is not known. 1t is said that
I Detective Flynn, head of the New YORK
branch of the United States secret SER
vice. has conferred with Mr.. kellogg
since the hearing here began.
| Accountants for the government are
still engaged on the records of liquidating
trustees and ledgers obtained from the
| Standard Oil company, and while the ex-
| animation has not been fully completed
it was said today that the books show
that since 1882 to the present time the
oil combine has earned between O,O00,-
900 and 100000, 900. 1t is expected that
next week the exact figures will be pro-
duced in court. Mr.. Tilford, treasurer of
the Standard Oil company, was asked on
resumption of the hearing today If the
| dividend of the Standard Oil company of
New Jersey in 1899 was $l4,304,1 1873, or $32,-
| 00S, ,541.
II think the dividend was s14,304. 1881
replied Mr.. Tilford.
| "And the reason the dividends were so
small was that the dividends in some of
the subsidiary companies were paid to in
dividuals instead of to the Standard Oil
company of New Jersey?'
"Yes, I think so,'' said Mr.. Tilford.
| Mr. Tilford said that to the present
/ n fn CHI nf 10 GfQr rd
company of New Jersey had been ex-
changed for trust certificates. He said
there still remains outstanding stock of
the subsidiary companies which has not
| been exchanged for the remaining eight
shares of the Standard Oil company.
TiIford Doesn't Know
Mr. Tilford did not know if it was a
| fact that in 1888 or in 1889 the Manhattan
Oil company, another Standard subsid-
larry, purchased the oil producing wells of
the Manhattan company. Mr.. Tilford
was questioned regarding the records
| showing the amounts of shares of the
subsidiary companies held in exchange
| for the trustees certificates. The wit
ness said he did not have the record.
| Mr.. Tilford was shown a record Of the
shareholders of the Standard Oil COM
pany of New Jersey on August 10, 1907.
According to Mr.. Tilford 5000 shares
were owned by John d. Archbold, and
80 shares by John F. Archbold, his son.
The former was one of the signers of the
original trust agreement. S. G. Bayne &
Co. owned 4l.OOO S. G. Bayne is presi-
dent of Security OIL company. Henry M
Flagler owned 30,305 shares of Standard
Oil company stocks.
Oliver II. Payne who signed the trust
agreement, holds 10000 shares of the COM
pany's stock. The stock holdings of
-
be 81, $50 shares, while his son, Charles H.
Pratt, the secretary of the company,
owns 5000 of the Standard Oil stocks.
'IIow much does John d. Rockefeller
own?"
247, RockefeIIer's Share
1.-THE record shows 247,692 shares" re-
piled Mr. Tilford.
How many shares does William Rookie
feller own?"
Il find on record II. 900 shares" answered
Mr.. Tilford
How many shares does II. H. Rogers
own?'
1.-THE record shows that Mr.. Rogers
owns 16,O2O," answered Mr.. Tilford, who
further stated that John d. Rockefeller
jr., owned 120 shares. The present record
of stockholders in the Standard OH COM
pany of New Jersey shows that John d.
Rockefeller had 600 when the Standard
TRUST was undlly ulSSOlVeu, reduced MIS-
holdings in the company by 9162 shares.
1t was developed yesterday that Mr..
Rockefeller held 256,S54 liquidating trustee
certificates out of total of s72,5OO certif-
Gates.
OF a total of 972,5OO certificates. the rec
ord of stockholders Of the Standard Oil
company Of New Jersey, only part of
which was spread upon the court record,
further showed that the University of
Chicago owned 5000 shares.
Concerning the business of the Stard-
ard Oil company of New York, Mr. TIL
ford said 1t handled practically all of the
export business of the parent company,
and that it purchased the oil from sub
sidiary companies of the Standard
Divided Into Sections
Mr.. Tilford said that domestic trades
committee in the Standard had charge of
the marketing in the United States, and
that the country was divided into geo.