The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-21
JOHN D. IS CHIEF
OWNER Of STOCK
Records of the Standard Oil
Company Disclose Several
interesting Facts.
TILF0RD STILL ON STAND
MEMORY OF coMPANY's TREAS
URER FAULTY.
TILFoRD STILL ON STAND

New York, Sept. 20.-Records of the
stockholders of the Standard Oil COM
pany of New Jersey, laid bare today at
the hearing Of the governments suit
for the dissolution Of the alleged oil
combine disclosed the fact that John
ID. Rockefeller owns 247.s9O shares or
nearly FIVE times as much stock as any
other individual shareholder, and that
he and his associates who signed the
trust agreement in 1882, still control a
majority of the stock. Measured by
the present market price of $40 a
share, the holdings of Mr.. Rockefeller
I'm the Standard Oil company have a
value of s109 200. 900. The stockholders
record of Aug, II. 1907, shows that the
University of Chicago is the owner of
5000 shares of Standard Oil stock.
The depreciation in the price of the
stock within the past ten years, about
the time the agitation began, has been
more than S400 a share. Since legal
proceedings against the Standard Oil
company were instituted the stock has
steadily declined, until it is now around
$40. This represents a loss of over
s1GO. 0O0. 900 on the holdings of John D.
Rockefeller "The shrfnkase in the
market value of the stock cost the
University of Chicago to the extent of
about $2,O0O.OO0.
Juggling of Dividends.
Mr.. TiIford, treasurer of the Stand
ard Oil company, was asked on re-
sumption of the hearing today, if the
dividend of the Standard Oil company
of New Jersey in 1899 was S14,SO4, 1SS or
So, ,541.
I think the dividend was s14,SO4 1SS, -
replied Mr.. Tilford.
And the reason the dividends were
so small was that the dividends in
some of the subsidiary companies were
paid to individuals instead of to the
STANDARD oil company of New Jersey?''
Yes, / think So" said Mr.. Tiltord.
Mr.. Tilford said that to the present
date 972, 492 shares of the Standard Oil
company of New Jersey had been ex-
changed for trust certificates. He said
there still remains outstanding stocks
of the subsidiary companies which
have not been exchanged COR the Ie-
naming eight shares of the Standard
Oil company.
TiIford Didn't Know.
Mr. TiIford did not know if it was a
fact that in 1883 or in 1889. the Manhat-
!. tan Oil company of Ohio sold its tank
cars TO the Union Tank Line, a subsi-
company. nor could he say if the ohio
Oil company. another Standard subsi-
diary, purchased the oil-pro1ucmg
wells of the Manhattan company.
Now, did not the Solar Refining
company, another subsidiary company
of the Standard. purchase at that time
the refinery of the Manhattan oil com
pany?" asked Mr.. Kellogg.
Mr.. Tilford again replied; Il do not
know"
Mr. Tilford was questioned regarding
the records showing the amounts of
shares of the subsidiary companies
held in exchange for the trustees GER
tificates The witness said he did not
have the record.
Stockholders of Record.
Mr.. Tilford was shown a record of
the shareholders of the Standard Oil
company of New Jersey on Aug. 10,
1907
According to Mr.. Tilford, 5000 shares
We're owned by John D. Archbold and
$50 shares by John F. Archbold his
son. The former was one of the signers
of the original trust agreement. :. G.
Bayne & Co. owned 40 shares; 5. G.
Bayne is president OF the Security Oil
company. The witness save little in
formation about the identity OF the
numerous individuals who hold the
stock.
NJ. Kellogg, reading over the list of
stockholders, many of whom he in
quired about of Mr.. Tilford. spread en-
the records that Henry NJ. FlagleT
owned 30,305 shares of STANDARD Oil
company stock. Mr.. Kellogg's inquiry
was directed to adduce that many Of
these individuals who signed -he orig
inal agreement in 1882 were still iden-
titled with the company.
Oliver II. Payne. who signed the
trust agreement. holds 10000 81 ares of
the company'S stock. The stock hold
ings of Charles NJ. Pratt we're shown
TO be 52,5S2 shares, while his son.
Charles II. Pratt, the secretary Of the
company, owns 5000 Of the Standard
Oil stock
John DIS Share.
How much does John d. Rockefeller
OWN
piled Mr.. Tilford.
How many shares does William
Rockefeller own?"
7 find on record II 900 shares" an
swered Mr.. Tilford.
How many shares does II. H. Rog-
ers OWN
THE record shows that Mr.. Rogers
owns 5000" answered Mr.. TilfOrd. who
further stated that John d. Rockcfel-
Ter, jr., owned 120 shares. The present
record of stockholders in the StlI.dard
Oil company of New Jersey shows that
John D. Rockefeller owned 1873, 010 whan
the Standard trust was finally dis
solved. reduced his holdings in the COM
pany by 1852 shares. It was devel-
.fuped yesterday that Mr.. Rockefeller
: held 25s.574 liquidating trustees certifi-
(cates out of total of 972,500 certii-
rates.
OF a total of 972,5OO certificates, the
record of stockholders of the Standard
oil company of New Jersey. only part
of which was spread upon the court
record, further showed that the Uni
versity of Chicago owned 5000 shares.
Business of New York Concern.
Concerning the business of the Stan
dard Oil company of New York. Mr..
5iiford said II handled practically all