New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-07-07

TO the approximate amount of dividends paid
by the company during the years 1903, 1904 and
1862
Il did"
He was uncertain as to the exact amount
He stated 40 per cent
Il think that was correct your honor That
the average"
DO you remember the net earnings of the
company during these three years."
EARNINGS IN 1903 s81,8OOOOo
y do very clearly. your honor. think for the
first year they We're $S1,3OO,OOO. approximately
This 1903"
Now for 1902"
For 1904, as near as remember should saw
they were $61. 5000
And in 1862"
"A trihe over $5IOOO,o0o. as near as can re-
member
Now, generally speaking. is the capital repre-
scented by the outstanding stock-something
under $100000,000-of the Standard on Company
of New Jersey employed in the refinement dis
tribution and sale of the products of petroleum."
oh your honor, the properties worth
vastly more than that"
That is what the capital is employed in, Is it?"
1T Is"
Can you tell me what part Of the capital
stock of the Standard Oil Company of indiana
If any, the Standard OIL Company of New Jersey
owns"
The Standard Oil Company of Indiana stock
as l understand it, your honor. is held by in
dividuals, corporate stockholders of the Standard
| Oil Company OF New Jersey. very largely"
How much of it,"
| "A very large proportion"
Judge Lands then asked Secretary Pratt If
he understood that of the capital stock of
Sl.OO0OO0 in shares of $1G0 each. OF the Stand
ard Oil Company of Indiana, 1895 shares are
held by the Standard Oil Company OF New Jer-
sey. The witness replied: Il think. approx
mately that percentage OF the stock is controlled
by the Standard OIL Company of New Jersey"
AT the present timer"
Il think So
What proportion Of the stock of the Union
Tank Line Company is owned by the Standard
Oil Company OF New Jersey?"
Il do not recall the proportions, but think it
controls majority of the stock"
Following the examination of Mr.. Pratt E. NJ.
Stanton, superintendent of car service. was
called TO the stand. His testimony unim-
/ portant.
While Mr.. stanton was on the stand Mr.
Rockefeller decided that he would leave the
courtroom, and his effort to do brought him
into conflict with a bailif in which he was
ANONYMOUSLY worsted.
Mr. Rockefeller rose from his seat and walked
with businesslike air toward the gate opening
from the courtroom. in the direction of the
chambers of Judge lands 1t was his apparent
intention TO leave the room. and he had pushed
the gate half open when the bailiff spied him,
and instantly pushed the gate shut. with Mr..
Rockefeller stiil on the inside The two men
gazed at each other for an instant but word
was spoken. Mr. Rockefeller then turned and
walked back TO his seat He made no effort
10 leave it during the remainder of the hearing.
Judge Lands recalled Mr. Wann. of whom lie
asked few questions regarding freight rates
ana schedules. and after obtaining the desired
information turned 10 the attorneys for the de-
fence and asked: as there anything you would
like 10 Introduce"
Absolutely nothing, your honor" replied Mr..
Rosenthal.
DO YOU desire" asked Judge Lands "to offer
any evidence tending to show that the defendant
in this case the Standard oil Company OF
New Jersey. never violated the interstate COM
merCe law before? I viii hear it and consider
it in connection with this matter"
we will consider what your honor has said"
replied Mr.. Rosenthal. I'VE make reply TO
| that suggestion now. We Will take It under
consideration"
'WiH you reply Monday morning.
We will. your honor"
This ended the hearing and Judge lands at
once left the bench. while the crowd filed out.
| Mr.. Rockefeller William Rockefeller Mr.. arch
bold Secretary Pratt and the other officials 81 the
Standard on Company passed into the chambers
of Judge lands and from there into the hall =
large crowd waiting to see Mr. Rockefeller
pass, but he paid no attention 10 any of those
who pressed closely upon him and apparently
did not recognize the fact that he was an object
of clriosit4 At the door of the Federal Build
ing he was greeted by another crowd. which
eyed him with interest. Entering the automo-
! bile in which he came to the court he was taken
at once TO the home Of his son-in-law. lie may
time Of his departure is uncertain.
After the end OF the hearing the following
statement was given out by John =. Rockefeller,
as president. and John y. Archbold, as vice
president of the Standard oil Company:
STATEMENT TO THE PUBLIC.
since the enactment Of the Interstate Com
merce law in los. the Standard oil Company
has most carefully observed its provisions and
I'm no case has wilfuy violated the law. 1t
welcomed the passage of the law and the prin-
clpe Of equity which was embodied in It, The
old system of special rates and rebates was ob,
noxious and was never n source of profit to the
company The net rate paid for freight was
always used a basis for the selling price in
the markets, and the consumer uniformly had
the benefit of it. Moreover. every shipper could
secure such special rates and II
common experience for the Standard Oil Com
pany to discover that its competitors had lower
rates than it shipping under The asser-
ton so often made by careless and sensational
writer's and critics, that rebates the basis
of Standard Oil prosperity Is absolutely untrue.
Its prosperity has come through It's correct APP
prehensIon Of the possible magnitude and i'm
portance of the petroleum business. through its
having provided better and economical
methods for doing the business than has its
competitors, and through better service to the
public In price and quality than others have
given. 1t has made the petroleum industry
great: has held it for this country as against
foreign competitors and assert has been n
blessing and not a bane 10 this country Its
downfall through any cause would be a ma
tional disaster"
HENRY RI. ROGERS AT SUMMER HOME
Fair Haven. Mass. July 6-Henry II Rogers
president and executive head of the Standard
OIL Company arrived here board his steam
yacht KanaWha shortly after 8 o'clock this morn
landing Rogers on cred