The Birmingham age-herald., 1907-10-09
Investigation Brings Out More FaCts Against
 Company
ENORMOUS ANNUAL PROFITS
 SHOWN BY THE RECORDS
Frank B. Kellogg Says He Believes He Has Proved That the Standard Oil Company Is an Illegal
 Corporation.

New York, October S.--F'rom statements collected from ledgers found in the Of fees of the Standard OH company, Frank B. Kellogg, counsel for the United States government, succeeded in placing on to- days record of federal proceedings against the oil company. the processes and stages through which the combine passed in It's changes of the old Standard oil rust to the present Standard oil Company of New Jersey. Out of the maze of figures developed in a voluminous mass, from the company's books, and from the testi- mony given by Crency Fay, assistant auditor of the Standard oil company, the governments counsel says he believes he has proved the federal allegation that the Standard is an illegal corporation. and that by devious devices has main- tained It's entity and it's ownership as 1t was formed Mir Kellogg says he is of the opinion now that while the govern ment was unable to discover the transfer books and stock ledgers of the liquidating trustees, the evidence adduced today shows that the so-called oil trust only affected to dissolve under the order of the Ohio courts in 1892, and that it's directions are still held by those who had to do with the formation of tho Standard trust
 Certificates Issued.
 Statements were submitted today show ing in brief that in the inception of tho Standard trust in 1882 there was s7o, GOO in trust certificates issued for stocks Of various companies, which entered Into the combination In the trust period from 1882 to 1892 a stock dividend of $15, ,000 GOO was. delivered and this with other stocks lssueT for plant purchases brought the tptai4 capital for investment up to Ss1.- ss0p'a. As Il result Of the decision of the supreme court of c VI. forbidding ths trustees from voting ' trust certlf- , cates. there was a fesns satio,, passed, di- rectlng that the trust be diss.s sved.
 Mir Fay read statement in tite record today showing that the day following the passage of that resolution 6i sub sidiary companies were connected with the Standard oil company of New Jer- sey, and f others subsidiary of the trust. Seven months later, on November 30, 1892. the witness read from statements that there were 494,619 trust certificates pre- sented for cancellation, and to the holders were given their pro rata shares in the 20 subsidiary companies, which then made up the trust. There were also orders for cancellation two months later of some 200O trust certificates There was a lapse of over four years before another certificate was presented for cancellation.
 Continued the Trust.
 MT. Kellogg sought to show that those who held control of the trust with the exception of A few friends were the only ones who lquidatad their trust certificates and that, by liquidat- ing, only majority of the total certh- cates outstanding which they owned and they continued their direction of the trust by voting majority of the stock in the subsidiary company.
 He also tried to show that those who liquidated their trust certificates and took the stocks of the subsidiaries were John D. Rockefeller William Rocke- feller II. M. Flagler. Benjamin Brew ster. J. D. Archbold, II. H. Rogers, w. II. Tiford C. W. Hardness, estate of C. E. Jennings. Emma Auchincloss. estate of Charles Pratt and o. H. Payne.
 For the first time the profits and dividends of the Standard Oil trust from it's inception in 1882 to 1891 were made public today. The profits of the Standard oil as stated by Mir. Fay were