The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1907-09-28
STANDARD OIL Co.
STRONG BOXES
VANISH.
One OF Trusts Safes With Books
Disappear.
KELLOGG HUNTSFOR RECORDS
Giant MonopoIy's Pipe Lines Made
Enormous Profits on Small In.
vested Capital
KELLOGG HUNTsFOR RECORDS

NEW YORK. Sept. -. - Frank b.
Kellogg. conducting the suit Of the
United states for the dissolution OF the
Standard OF Company of New Jersey.
made another hunt here at the hearing
~ the oil case 10 discover a trail that
would lead TO the finding OF the long
sought books of the Standard on trust
ccs and llquidatlng trustees.
When the hearing WIS concluded MIR.
Kellogg said that he was closer To the
books. from which he hopes 20 prove
that the oil combine never underwent
4 legal dissolution. than he had been
nt any time since the governments nc
ton was commenced.
Charles White. the assistant secre
tary of the standard OH Company Of
New Jersey. said on the witness stand
that when be- went a. the secrctary's
Office % assume his new duties there
we're two steel safes In the office. one
uf them contained the books aud rec.
urds ~ the standard company. the
Witness said. What was In the other
safe be- did not know. Mr. White
said that no one told him the natur,
~ the contents 81 the second safe.
which was removed two weeks after
b. had lrcn thcrc. From whom the
order came or where II was taken Ia,
the witness said. be- could not answer.
Mr.. White said that be- had never
seen the records n the STANDARD on
trustees or the llquldntlng trustees
showing the various transfers ~ Stock
m the trust aud liqnidntinr pcrio !.
Mr. White said be- had hunted Tor tile
records recently. but was unable %
lnd them.
More Testimony was taken 10 show
the profits ~ some ~ the Standards
subsidiary pipe lines. which. the gov.
ernmeni's counsel declares are excrsS
I've and maintained 10 prevent ship
mcnts % crude 81 by independent pro
duccrs George Chcsbrough. controller
90 several 81 the subsidiary piisc lines.
testified that the Southern Pipe Line
Company 81 Pennsylvania earned 81.
g1g.HiS rrpss in is's aud that the op
Grating expenses we're only SliG.522
The hainnce sheet ~ the company fof
that year showed the net plant invest
mcut 90 D. S2.i2i.CG The cumpany's
balance sheet showed 90 item ~ s..
az ~ as payment e. I. 4. Trnlnof
aud charged o. operating expenses
Mr. Chesbruugh said be- could give nO
information about the Trainer account
or why u hnd bcrn charged 60 operat.
lnr expenses In iipO the balance
sheet ~ the company showed 81 so.
Sis paid 20 Mr. Trninor.
The Buckeye Plpc Line company of
Ohio. Mr. ChcsbrouFh said. had tiiade
SsGT4a.a32 IN the seven years from
is0 20 inpi and the money represent.
lng the compauy's profits had been
turned over 90 the National Transit
company. Mr. Kellogg had the Inn
preston that the money had been
loaned 20 the National Transit COM
pany. but Mr Chesbrough stated that
the money had been Deposited subject
10 call
THE Buckeye Pipe Line company
merely used the other company a. a
bank" be said
The hearing has been postponed un.
gu next Thursdny John q. Milburn.
one u the lawyers for the defendant
company. Ia on the Mckinley monu'
mcnt dedication committee aud this
will keep him away untIl that time.