New-York tribune., 1907-09-20

nf New Jersey and whose were the brains behind
the scheme. Mr.. Tiford thought the plan must
have been contrived by the accountants in tho
employ OF the twenty subsidiary corporations
He could not be brought to admit outright that
the distribution Of dividends in the years from
1892 10 1889 had been practically the same as
uf7er the old trust agreement of 1SS2-92.
CONTROL OF TEXAS COMPANIES
When Mr. Kellogg switched his queries to ths
rresent control Of Standard Oil over companies
sn Texas. Mr.. Tiiford became noticeably irri-
tated. The governments attorney did orlns
ont that H c Folger is employed in the manu-
featuring department Of the Standard or Ne"
Jersey and that c. \. Payne is connecleo WIN
the corporations pipe line companies Both VI
these men have offices at No. % Broadway anu
as { NJ Pratt said Tuesday, they are ldei1-
fed in the public mind with the control OF 'ne
syorsicana Refining Company, which does Jus
mss in Texas Mr.. Tilford could not renleii'oei
1fat this company had ever been discussed a' d
,aeeYing of the board Of directors Of the Ne"
Jersey corporation, but he admitted that he uh-
,se,e+ood that the new Waters Pierce on Com
many had been formed TO get around the texas
laws .,.
DO Won not know" asked Mr.. Kellogg mat
,be state Of Texas would not allow any company
controlled by the Standard Of New Jersey u
do business within its borders?
~ have heard doubts expressed on the SUD-
sect. came the sharp rejoinder OF the witness
..ren,+ that the reason why the Corscana Re-
aning Company is in the hands OF ID. = oise'
.,d g y Payne?" asked Mr.. kellogg
AR T,ilford looked blank and added tha' ne
s,a no. kpoz. Mr Tilford did know President
Sc o4 the seaboard National Bank and had
,eard of the Security OH Company Of Texas
hu, his testimony did not give further enligh'-
eminent to Mr.. kellogg as 10 the connection De-
tween the bank president, the Texas OH Coln-
.any and TIE Standard cf New Jersey
Mr.. kellogg said after the hearing yesterday
that ne considered that the government hau
gone forward in proving that there had oeeh
no material change in control or methods OF 'he
twenty subsidiary corporations OF the orlsinai
trust during the regime Of the liquidating trus-
tees.
The books and records. about which the StaH-
s-d Oil witnesses seemed 10 know so little, have
been found. according 10 Mr. Kellogg SeVerai
exne-t accountants are now going over them
ens the length of the hearing here will depend
largely on what is found in them. It will PROB
eblv he another fortnight before all the WIZ
,,esses desired in this jurisdiction are queried
ss 10 what they know about Standard on az
FAIRS and transactions during the last twenty
five years.
ORIGINAL, AGREEMENT UP TO-DAY.
Nr kellogg will endeavor to introduce at to-
DAVIS session the original trust agreement, mace
On January . 1882, which is entered in the
s-overnrnent's bin of complaint BY the agree
rnent all the stockholders OF fourteen Leading
companies in the oil business and part OF tne
stockholders In twenty-six other corporations
were Joined with another class Of partners, IN
Guiding some forty individuals or trustees, IT
an agreement to pool interests to get controI
of the oil industry and to suppress competition
sn It.
Il was provided in the agreement that 'he
interests of the subscribing shareholders IN the
various companies should be turned over 70
Standard Oil companies 20 be formed IN the
states of Ohio. New York Pennsylvania and
New Jersey In return for these shares stocks
etc. certificates were to be prepared by the
nine trustees showing the interest Of each bene-
rciarv IN the trust. These to be Of the
par value of s1eo and TO be known as STANDARD
oil trust certificates Practically complete super
vision over the business and financial manage
rneut Of the combination was assigned to the
trustees The first board consisted of John D.
Rockefeller William Rockefeller, Oliver II.
Payne John D. Archboid. J. 4. Bostwick, Henry
NJ Flagler W G. Warden. Charles Pratt and
Benjamin Brewster
Inc slgners OF the agreement, VINO turned over
all their interests in the forty or more COM
parfes which made the nucleus Of the original
trust were Benjamin Brewster John D. Arch
bold. J. :. BostUick. Charles Pratt. Henry H.
Rogers H. A Pratt. c. ". Pratt, D. VI. Hark-
ness. trustee: D. II. Earkness, T. c. Bushnell,
W. C Andrews. Charles F g. Hays William T.
wardwen William H. Macy, estate Josiah
Macy, jr., William H. Macy, Jr-, executor; Will
lam H. Macy. jr.. A. II. McGregor. J. y. Cam
den. Julia H York, by B. H Y; O. H Payne,
George F. Chester. trustee; II. B. Keith, trus-
tee; Il. NJ F1agIer, John D Rockefeller, Will
lam Rockefeller. ]. j. Vandegrift Mrs H. VI.
Flagler, by H. II. Flagler: A ]. Pouch. o. 3.
Jennings. ". o. Thompson. s. V. Harkness,
John Huntington, Ida X Arter, H NJ Hanna,
George w Chaplin. H NJ Hanna. attorney in
fact; Louise c. Wheaton, by Fl. NJ. Flagler;
O H Payne. trustee; Charles Lockhart, Joseph
7. Warden. Henry L Davis, ". G. Warden.
Warden Frew & Co. d. Bushnell. H. A Hutch
fns. and George H. Villas, trustee.