Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-07-07
Should say not, strictly speaking.
Dividends 40 Per Cent.

standing stock. 1 could not undertake to
speak absolutely definitely, but that is a
close approximation"
DO you know what the net earnings of
the Standard OIL Company were during
those years.?
L do not"
District Attorney Sims then asked Mr..
Rockefeller if he was familiar with the
circumstances surrounding the organiza-
ton Of the Standard Oil Company of New
Jersey, but Judge Lands declared that he
did not care for the information
The court then asked the witness what
officer of the Standard Oil Company of New
Jersey would be able to tell him the amount
of the net earnings OF the company during
the years 1908. 1904 and 1905
The witness replied: Il really do not think
I could tell you. Undoubtedly one Of the
gentlemen subpoenaed Is here present who
could"
Judge Lands said that Secretary Pratt Of
the Standard OIL Company Of New Jersey
and other officials were present in the court,
and asked Mr.. Rockefeller If he or any of
the others could give the desired informa-
tion The witness replied: Il should think
SO, SIR
Mr.. Pratt Appears.
The court said: Then call Mr. Pratt.
That is all for the present Mr.. Rockefel-
ler."
The witness instead Of leaving the chair
sank back into it. as though he intended to
remain there. A bailin stepped up behind
him and whispered to him that his exam
ination was concluded and that he could
leave the stand. Mr. Rockefeller then rose
and walked briskly to the seat he had oc-
cupied before being called
Charles NJ Pratt. the secretary Of the
company, who followed Mr.. Rockefeller on
the stand. was asked by the judge II the
estimate given by Mr. Rockefeller as to the
outstanding capital stock of the Standard
OIL Company of New Jersey was about
$lO0,OOO,0OO. The witness replied:
I think 1t Is not quite that. It Is about
sos ,OoO-something like that. That is
within few dollars of the amount"
Did you hear his statement as to the
approximate amount of dividends paid by
the company during the years 1903. 1904 and
1862
It did"
He was uncertain as to the exact
amount. He stated 40 per cent"
think that was correct. your honor.
That was the average"
DO you remember the net earnings of
the company during these three years.?
Il do. very clearly. your honor. I think
for the first year they were ss1, 800 900 ap-
For 1904. as near as I remember,
SHOULD Id say a, , they y, were sei'Soo,ooo."
"A trife over $4,000. 900. as near as I
can remember"
Property Vastly Valuable.
Now, generally speaking is the capital
represented by the outstanding stock some
thing under 500, 900 of the Standard Oil
Company of New Jersey. employed in the
refinement. distribution and sale of the
products of petroleum."
"Oh, your honor. the properties are worth
vastly more than that"
THAT is what the capital is employed in.
Is it?'.
Can you tell me what part Of the cap.
Indiana, if any, the Standard Oil Company
of New Jersey owns?"
1.-The Standard Oil Company of Indiana
stock. as ! understand it. your honor. is
held by individuals. corporate stockholders
of the Standard Oil Company Of New Jer-
sey 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 81, 900. 900, in shares Of 800 each. Of the
Standard OIL Company of Indiana, 1895
shares are held by the Standard Oil Com
pany of New Jersey The witness replied:
of the stock is controlled by the Standard
Oil Company Of New Jersey
AT the present timer"
Il think So"
Owns the Tank Line, Too.
What proportion of the stock of the
Union Tank Line Company is owned by
the Standard Oil Company of New .Jer-
Sey?"
Il do not recall the proportions. but I
think 1t controls a majority of the stock"
Following the examination of Mr.. Pratt,
E. H. Stanton, superintendent of car serv-
ice, was called to the stand. His testimony
was unimportant
While Mr.. Stanton was on the stand Mr.
Rockefeller concluded that he would leave
the courtroom, and his effort to do so
brought him into conflict with bailiff, in
which he was ignominiously worsted
Rockefeller Locked In.
Mr. Rockefeller rose from his seat and
walked with business air toward the gate
opening from the courtroom in the direction
of the chambers of Judge Landis 1t was
his apparent intention to leave the room.
and he had pushed the gate half open when
the bailn spied him and instantly pushed
the gate shut. with Mr.. Rockefeller still 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 eff
fort to leave 1t during the remainder OF
the hearing
The court recalled Mr.. Wann, of whom
he asked a few questions regarding freight
rates and schedules. and after obtaining
the desired Information turned to the at