Watertown weekly leader. [volume] (Watertown, Jefferson County, Wis.) 1906-1908, 1907-09-20
ROCKEFELLER owns
Fourth OF OIL TRUST
TREASURER or BIG COMBINE
GIVES FACTS ABOUT INSIDE
WORKINGS.
OPERATES INftxAs
UNDER ASSUMED NAME
Evidence Tends to Prove That Stand
ard Company ndes the Anti
Trust Laws of t4tl3one Star State
by a ShreWd Deception.


Trust Laws of h4tlEone Star State
by a shrewd Deception.
New York, Sept 2O-John d. Rock
efeller owned more than a fourth in
terest in the old Standard Oil trust
according to the testimony of w. II
Tilford, treasurer of the Standard Oh
company, before Special Master Fer
riss Thursday. Mr.. Tilford said Mr.
Rockefeller owned 256,854 shares out
of 972, 800 in 1892, and later he was
assigned a proportionate interest in
the subsidiary companies.
Evidence was adduced which Frank
B. Kellogg, who is conducting the gov
ernment's action, says tends to prove
that the Standard Oil company is op
Grating in Texas under the name OF
the Corsican Refining company. The
Texas antitrust laws forbid the Stand
ard from doing business within the
borders of that state. Mr.. Kellogg de
veloped from Wesley II. Tilford
treasurer of the Standard Oil com
pany, that II. C. Folzer and G.. M
Payne, who Mr.. Kellogg says are the
owners of the CDrsican company, are
officials of the Standard Oil com.
pany.
Mr.. Kellogg asked Mr. Tilford if it
was not a fact that the liquidating
trustees during the liquidation period,
voted the stock of the subsidiary com,
panies whose stock was still unliqui.
dated
q am quite sure they did not" re-
piled Mr. Tilford.
Then who elected the officers of
those subsidiary coWpanies?" asked
Mr.. Kellogg.
"They We're e3ected by individual
stockholders of those companies" an
swered Mr.. TilfoTd
Mr. Kellogg took up the method of
liquidating a company and showed the
witness a certificate of assignment
made out to John ID. Rockefeller.
Treasurer Gives Statistics.
"This shows that John d. Rockefel-
lar owned 256sSNshares out of total
of 972,5OO s1Efres of trust certificates
in 1892" said NJ; Kellogg. is that
correct?"
Il think so, according to the assign
ment here" replied Mr.. Tilford.
We'll, you as counsel for the trus-
tees were one Of the signers of the
assignment, were you not?"
Yes"
Then when you made out this as
signment you transferred to Mr..
Rockefeller his poportionate control
OF all the stocks of the subsidiary
companies?"
Yes, sir" replied Mr. TilfOrd.
Mr. Tilford WAS asked if he could
produce a record showing the amount
of stock of the Standard Oil Company
of New Jersey issued to John D.
Rockefeller The witness replied that
he did not know. Mr.. Kellogg then
called upon the witness to produce
a record showing the amounts of
trust certificates held in 1892 by Hen
ry H. Rogers, William G. Rockefeller,
H. M. FIagler, Q. H. Payne, S. B.
Harkness and John d. Archbold, John
c. Milburn, chief of counsel for the
defending companies said he would
see that the records were produced.
Books to Reveal Transfers.
Mr.. Kellogg Also asked for the
amount of stock of the Standard Oil
Company of New Jersey issued to the
same persons. These records would
show, according to Mr.. Kellogg,
whether Mr.. Rockefeller and his as
sociates purchased or disposed of any
of their holdings in the oil combine
during the liquidation period.
Young Men to Man Oil Trust.
New York, Sept 20.-Wall street
generally believes that a new era in
the personnel of the Standard Oil
company's leaders is beginning. 1t is
thought that the younger element in
the great corporation is coming to
the front and that the older element is
relinquishing it's active hold upon the
affairs Of the company and those of
the vast interests szklich have been
affiliated with it. JoEn D. Rockefeller,
Jr., William G. Rockefeller, Urban H.
Broughton, a soR-in-law of H. H. Rog-
ers, and H. H. Rogers, Jr., are among
the younger men who are looked upon
by the street as now directing affairs.
Old Men 60 Drop Out.
William Rockefeller is regarded as
likely to take principal part still in
the company's councils, but most of
the other men who have been called
the makers of the Standard Oil COM
pany, including John D. Rockefeller,
Sr. John D. Archbold andH. H. Rog-
ers, are expected hereafter to leave to
their juniors the task of handling the
giant business which they founded.
Attorney Ill; Hearing Adiourns.
When the hesring reopened after
the noon recess, Former Judge Ferris,
sitting as special master, announced
that the proceedings would be ad
journed because of the illness Of one
of the counsel. John G. Milburn said
that his associate. Moritz Rosenthal,
was suffering from a slight indisposi-
ton.
Funny Men Going to Texas.