The Bemidji daily pioneer., 1907-10-16
ASKED ABOUT LOANS
Comptroller Of Oil Trust Testifies
in Government Hearing.
CANNOT CLEAR UP MYSTERY
Admits the Books Of tho Company
Show That Many Millions OF DOL
lars Are Charged to Certain Persons,
but Is Ignorant Regarding Details.


New York. Oct. I ALFRED H.
Rrainard. comptroller OF the Standard
on company Of New Jersey and many
of its subsidiary companies, was Ques-
toned when called as a witness in the
governments suit against the oil COM
bine concerning large loans made to
James Mcdonald by the Anglo-Amer-
lean OIL company. Testimony was
given last week that the Southern
Pipe Line company had loaned over
$4,000, 900 to Mr. Mcdonald and that
the books Of the company showed
that 1t had never been paid back. Mr..
Brainard said that he was the Amer
lean secretary Of the Anglo-American
company and that Mr.. Mcdonald was
the managing director in London. He
was asked concerning loans made by
the Anglo-American company of ST.
175,006 in 1905 and $1,427 ,907 in 1906
to Mr. Mcdonald. Mr.. Brainard said
that the loans had been ordered from
London and that was all he knew
about them.
lis it not fact that this money
was furnished to Mr.. Mcdonald that
he might hold either the Manhattan
OIL company of Ohio or the Security
Oh company OF Texas?"
Il do not know" replied Mr.. Brain
ard.
Mr.. Brainard was asked concerning
the loans made by the Southern Pipe
Line company Of over $20,000,0O0 to
2. s. Trainor.
Mr.. Brainard said that it was likely
that Mr.. Trainor reported his losses
to the Standard OIL company of New
York and that the Southern Pipe Line
company reimbursed the Standard for
the losses and charged the amount
to the account Of P. s. Trainor. Mr..
Brainard said he thought these losses
| were incurred by Mr.. Trainor in the
! purchase and sale Of oil.
Witness Pleads Ignorance.
Mr.. Brainard said he knew nothing
about the loans made by the Standard
OIL company Of New York, aggregat.
ing $82,061, ,e20, in 1906 to interests
other than Standard OIL" He said
that account came to him from the
treasurer's office. William G.. Rookie
feller might know something Of the
loans, the witness said. Mr.. Brainard
said ho did not know whether the
transfer books of the liquidating trus
tees which Mr.. Kellogg has been de-
sirous of obtaining could be found.
Mr.. Brainard was excused and
Hampton G.. Westcott, first vice pres
ident Of the Standard Oil company OF
Kentucky, took the stand. Mr.. West
colt said the Standard Oil company OF
Kentucky was engaged in selling Of
in Southern states and that eacl
at Covington. KY, sent him state
ment Of business done by the Stand
ards competitors. These statements
gave the name Of the consignor, con
signee, the amount Of oil and car mum
bers. Mr.. Westcott said these state
ments were turned over to stats
tical department in the Standards
Office in this city.
Mr.. Westcott described in detail the
business operations Of the STANDARD
In the Southern states and was ques
toned by Mr.. Kellogg about various
independent selling companies which
had been absorbed by the oil combine
Mr.. Wsstcott said that several O.
these companies, including the Sun
light Gas and Oil company, were alb
sorbed by the Standard and thei
nlanfs dismantl