Albuquerque citizen., 1907-09-23
OLD COMPANY WILL
Be REORGAN|ztD
Plan For That Result Was Talked
Over at Rogers Home Yester-
day--Name to be Changed
Treasurer TeStifleS
Today.

oIh. sept zo.-lt is UNDER
stood that Frank u. Kellogg, the
governments counsel in its suit to
dissolve the Standard OIL company
or New Jersey has important eyi-
dence In his possession bearing on
the alleged relationship between rail-
road rates and the profits of the cor
poraton in the last eight years 1t
Is said that this phase OF the case is
being reserved until the line of uues-
tioning pursued last week Is finished.
To back his reported evidence as to
rebates, kellogg has had subpoenas
served upon several Pennsylvania
and New York Central railroad Off
cials.
VIII Reorganize.
A conference of the leaders of the
Standard Oil company was held at
the home of II. II. Rogers at Fair
haven yesterday. John ID. Rockefeller
at his home in Cleveland being in
constant communication with the
other magnates, and 1t Is understood
a plan to regenerate the Standard
was formed.
The tentative reorganization, 1t
source, is in purely formative stage
as yet, but some of the facts became
known. The plan contemplates the
ultimate retirement of John ID.
Rockefeller, president of the parent
coneern, and with him, 1t Is said. will
II
Platt and others, who for years have
been closely identified with the di-
rectorate.
New blood will be brought into the
concern. 1t Is probable that man
will be placed at the head of the
company who will be a guarantee
to the public that the affairs will be
honestly managed. Just as in the
reorganization of the Equitable,
when the besmirched directors retir-
ed and President Roosevelt's cabinet
was invaded to secure a chief ex-
ecutive who could command public
confidence, all the directors will get
out, new men will be brought In and
president selected whose integrity
Will be unquesuoned.
May Change Name.
That Is the present plan. Whether
dissolution of the corporate entity
and the changing of the name will
be necessary is yet to be determin-
ed, but 1t is said that within a short
time the plan of reorganization will
be announced and that when 1t is
made known it will shake the whole
organization to its very foundation
and eliminate from at least public
appearance in all places of influence
all the men whose management has
brought the Standard Oil company
| to its present condition of turmoil.
| The dispatch which brought this
United States officials and promi-
nent members of the Independent
| Oil Refiners' association believe a
| plete re-arrangement OF the di-
rectorate of the Standard Oil COM
pany is to be made In the near fu-
ture. 1t Is even rumored here that the
| head of the Standard is contemplate
| ing a change of name, inasmuch as
| the present name is regarded as a
| dangerous asset"
Wall street believes that to be
true.
Tillford Tells of Methods.
w. III. Tilford, treasurer of the
testimony today in the governments
| action against the company. Til
ford testified that the Manhattan OIL
company of Ohio had sold to the
J Standard company 754 tank cars be-
| tween 1899 and 1901. The purchase
was made for the Standard by its
| subsidiary company, the Union Tank
Line. Tilford could not say If the
Standard made any contract to sup
| ply certain gas companies with oil
when it took over the Manhattan
| company
"As a matter of fact don't you
| know that the Standard made a con-
tract with the indianapolis Gas COM
pany and the Peoples Gas Light and
Coke company"
Yes, such a contract was made
in 1899" said Tilford.
And was not that contract made
because Il. c. Benedict and Anthony
Brady would not sell the Manhattan
| Oil company unless the gas compa-
nies were guaranteed a supply of OIL
| for ten years?"
II don't know that the contract
| was made for that reason" answered
Tilford, II know the contract was