Albuquerque citizen. [volume] (Albuquerque, N.M.) 1907-1909, 1907-09-21
HEARING CONTINUED
UNTIL NEXT WEEK
Interesting Data VIII Probably be
Obtained From Books of Con-
Germ In Medntime--Willidm
Rockefeller VIII Ibe Prin-
Cipdl Witness.

PtttSDurg, Pa, sept. 2l.-E. ID.
Miller, an Independent oil refiner,
admitted last night that there is
some kind of an agreement between
the dealers and the Standard Oil
company" He declined to discuss
the agreement in detail. When his
attention was called to the testimony
of Treasurer Tilford of the Standard
Oil company, at New York yester-
day that in 1902 an agreement was
entered into by which the independ-
ent dealers were to sell their entire
output of refined oil for export to
the Standard, which in return was to
sell the Independents a certain
amount of crude oil each day, Miller
said, "Hilford ought to know"
Vim. Rockefeller to be Called.
New York, Sept. 21.-An ad-
journment until Monday of the hear
ing here in the government suit to
dissolve the Standard Oil company
will give the government expert ac-
countants another day in which to
obtain information from the books
containing the records of the Stand
ard Oil company in the period from
1882 to 1892. These figures will prob
ably lead to an interesting line of
questioning next week by Frank b.
Kellogg, the government chief coun-
sci. 1t is likely when the hearing is
resumed next week that Wesley II.
Tilford, treasurer of the Standard
Oil, will again take the stand. John
G.. Milburn, of the counsel for the
corporation, wishes to question him
upon several points which have been
touched upon by Kellogg. William
G.. Rockefeller, it is understood, will
then be called to the stand and ask
ed to produce the books relating to
the assistant treasurers office.
Rogers Loses Fortune.
Reports have been current on Wall
street for some time that II. H. Rog-
ers of the Standard Oil company had
been heavily interested in the Tide
water railway project in Virginia,
and that he had lost heavily by the
investment. The Evening Post says
today that it can be stated positively
that Mr.. Rogers incurred a personal
obligation in the Tidewater project
much in excess of $40,000,000. The
Post also says the situation has been
entirely cleared up,
The article is as Follows:
Confirmation was obtained in
Wall street today of reports to the
effect that H. H. Rogers was heavily
interested in the Tidewater railway
project.
According to the stories previous
ly circulated upwards of 40 per cent
of Mr. Rogers fortune has been in
volved in the Tidewater investment.
1t was reported today that the per-
sonal obligation incurred amounted
to $40,000,000. 1t can be stated pos
itively that the sum is much larger
than the amount named, also that
the situation has been entirely clear
ed up.
Sacrificed Stocks.
"In order to meet the demands
made upon him in connection with
the construction of the railroad, Mr..
Rogers was forced to dispose of a
large amount of investment stock at
a sacrifice. All during the recent de-
cline in prices the vice president OF
the standard Oil company has sold
gilt-edged stocks, such as Standard
Oil. Consolidated Gas, Union Pacific
and st. Paul.
"Some five or six years ago, against
the advice of his friends, Mr.. Rogers
started to build i'm West Virginia a
low grade ROAD, which would paral-
lei the Norfolk and Western. His
object was to carry coal and lumber
to tidewater. The line was to be 444
miles long only 125 miles have been
completed.
"Only a few months ago. In order
to raise $4,000. 600 for the Tidewat-
er road II. II. Rogers issued his per-
sonal notes secured by 100000, 600
first mortage bonds, $lO,0OO,00O stock
and SlO,0OOOO dividend or interest
paying collateral. These 6 per cent
notes were endorsed by II. II. Rog-
ers personally.