New-York tribune., 1907-09-18
STANDARDS YEARLY
INCOME, $4,000, 900.
COMPANY'S OFFICIALS on
STAND At LAST.
{. VI. Pratt and c. @. Fay Gre
Some Meagre Information
HO1c Earnings Jumped.

The attorneys for the government at last soe
chance yesterday morning to do little public
probing of the Standard OIL Company Frank
B. kellogg. of ST. Paul. started in the Federal
Building inquisition of the men whose testi-
mony he hopes will prove practicable IN show
ing that the Standard OIL Company Is a mo-
nopo,y and should be dissolved.
Ever since last December. when the govern
ment filed it's bill Of complaint in the United
States Circuit Court at ST. Louis. praying for
the dissolution of the Standard OH Company
because of its practically absolute control OF
the trade in petroleum and its products. tne
government has been making continued and
strenuous efforts through its specially delegated
representatives TO bring out the proor tnac
would warrant action being taken 70 dfsints-
CRATE the company into the seventy-odd corpo-
rations OF which the Standard Oil Company Is
composed. But step by step the company mas
fought off the efforts Of the government
special expose of the company's affairs was pre-
vented until last August, when the preslolh4
Judge of the court in St Louis appointed ex
fudge Franklin Ferris, OF that city. special
examiner to hear the testimony. and set Ne"
York as the first in the long series OF locahues
where witnesses might be summoned
The first hearing was to have been held on
sentember 3. but the Standards eounsei got
two days respite to September D. Again Oh
that date thev- were unprepared, out yesIsloaS
tbera was actually no objection interposeo OS
the trusts counsel
While Yesterdays hearing was far rom oedl-
ing the fruits that Mr.. Kellogg and MS assn
ciates Charles B. Morrison and J. n Gra'e,.
of Chicago. hoped that 1t Would' II Ni-
give a slight inkIing as TO what me INNS
IL is 10 be shareholder IN Standard Oii- l.
was a plain enough looking statement tnat was
handed IN Clarence g. FAY. assistant and now
citing controller OF the Standard Oil Com
panv of New Jersey, by Mr. Kellogg WHO ul1
all the cuizzfng yesterday as TO the company
affairs but there ii. in black and Wnl'e, anu
Mr.. Fav admitted he had prepared the figures.
vas the simple information that during the
eight wears from 1899 to 1906 inclusive Stand
ard oil had cleaned up the tidy sum of $780,
315. .934.
PROFITS S61OooO0O 4 YEAR
II meant that profits of over s61O0oGo1 an
nuaIIy have been made by Standard Oh during
the last eight years. This years figures were
not included in the tabulation- WhlIe the same
uritnsss was on the stand Mr.. Kellogg got him
70 give affirmative answers that showed that tne
figures on the typewritten sheet that indicated
a distribution Of S3OS.359.4 .4O3 among the stand
ards stockholders were pretty accurate.
The capital stock Of the company looks rather
small as big business organizations go Last
wear IL was only SOS 33s. $50. increase Of
oniv 81 13377IO since the Incorporation Of the
"narent company in the oil industry. the
Standard Oil Company OF New Jersey. IN 1899
Fs,t then the net value of its assets has jumped
in eight years over S1j0O0O60. from 1885,
o2OOIT in 1888 10 1853. 100. 1876 in 1906
Here are the cold figures, a transcript from the
records.