The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-20

New York, Sept. 19.-Wesley H. Til
ford. treasurer of the Standard Oil
company, was questioned today by
Frank B. Kellogg. who is conducting
the federal suit against the oil COM
bine. in an effort to CLEAN further facts
and figures concerning the development
of the Standard Oil trust and its sub
seouent liquidation into the present
STANDARD OIL company of New Jersey.
Mr.. Kellogg said today that the rec
~ ords of the liquidating trustees, which
had been finally furnished by the Stan
dard company, were being examined
by the governments counsel, and that
IL might be several days before the in
formation desired could be produced in
court Mr. Kellogg also intimatod that
further witnesses might be subpOenaed
as a result of the developments of the
last two days. and that the hearings
would likely be prolonged for some
time.
Agreement of 1882.
Mr.. Tilford was shown a copy IF the
agreement of 1882, showing a list Of
companies that entered into the trust.
cit appears that the Chess-Carley
you thought about that since l spoke to
YOU last night?' asked Mr.. Kellogg.
mo, I have not" replied Mr.. Tilford,
who, yesterday, testified that he had
been q member of the Chess-Carley
company of Louisville before he be-
came identified with the Standard Oil
company. Mr.. Tilford was asked when
il signed the trust agreement. He re-
piled that the stockholders were F. d.
~ mn
of Ohio.
On the Inside Since 1873.
Mr. Tilford said that he became iden-
titled with the Standard Oil company
of Ohio in 1873. He was a liquidating
trustee and one of the trustees under
the trust agreement, he said. MIR Til
ford testified that between 1892 and
1899 the trustees received the dividends
on the unliquidated stocks of the sub
sidiary companies, and distributed the
money to the holders of the trust Ger
tificates and the holders of the liqui-
dating assignments. The trustees did
not vote this subsidiary stock az they
had done before the company under
went liquidation. Prior 20 1892, Mr..
Tilford said. the trustees voted the
stock and elected the directors IF all
the subsidiary companies.
MT, X ellOgS again asked Ar. IllIOr0
if II was not a fact that the iiquidating
trustees during the liquidation period
voted the stock of the subsidiary COM
panies whose stock was still unliqui-
dated.
Il am quite sure they did not" re-
piled Mr.. Tlford.
Then who voted? The officers Of
these subsidiary cOmpanies?" asked
Mr.. Kellogg.
They were elected by individual
stockholders of these companies" an
swered Mr.. Tilford
Mr.. Tilford took up the method of
Hquidating a company and showed TIE
witness certificate of assignment
made with John D. Rockefeller.
Portion of John D.
This shows that John D. Rockefel-
Ter owned 256,S54 shares out of a total
of 952, 500 shares OF trust certificates in
1892" said Mr.. Kellogg. Us that cor
= yect?''
4 L think so. according to the assign
Nnent here" replied Mr.. Tilford.
J We'll. you as counsel for the trus-
tees were one Of the signers of the as
signment, We're you not?"
Yes"
Then, when you made out this as
signment you transferred to Mr.. Rock
efeIler his propOrtionate control of al
the stocks of the subsidiary compa-
nies2"
Yes, sir" replied Mr.. Tilford.
Mr.. Tilford was asked if he could pro-
duCe a record showing the amount OF
stock of the Standard Oil company oil