Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-10-18
|E DOES NOT REMEMBER
Interesting Gaps in His Testimony
Today.
ELDER ROCKEFELLER IS ALIVE
Witness Never Heard Of Mcdonald,
Knows Nothing of the Man
haitian Oil Company.

NEW YORK, October 1S.-William G.
Rockefeller, assistant treasurer of the
Standard Oil Company of New Jersey.
was a witness today in the federal suit
for the dissolution of the oil combine. and
gave testimony regarding the large loans
which appeared on the company's books
as having been made to interests other
than Standard" Mr.. Rockefeller testified
cial interests in this city.
After being sworn as witness Mr..
Rockefeller said he had been treasurer
of the Standard Oil Company of New
York for seven years, and was assistant
treasurer of the Standard Oil Company
of New Jersey. Mr.. Rockefeller said he
knew nothing about the account of James
ards books, had been loaned large sums
Of money from 1900 to 1904.
do you know anything about the Man
haitian Oil Company of Ohio?" was asked.
Only what 1 have read in the newspa-
pers," replied Mr.. Rockefeller.
Mr.. Rockefeller said the Anglo-American
Company had sent money to the Stand
ard Oil Company Of New York, which had
been paid to Mr.. Mcdonald That was
all he knew concerning the payments.
Loans to Trainor.
THE balance sheets of the Southern
Pipe Line Company, from 1899 to 1865,
show that loans amounting to many mil
lions were made. to P. S. Trainor and
charged to expense account Do you know
anything about these Ioans?"
Il really do not answered Mr.. Rookie
feller.
Mr.. Rockefeller was directed by the gov
ernment's counsel, Mr. Kellogg, to look
up these loans and find out what they
were made for.
Mr.. Kellogg then took up the loan ac-
count of the Standard Oil Company of
New York in 1906. which reached So, 7G1, =
GO.
Loans to "the Street."
''The money was paid out from time to
time to Mr.. Barnsdale al the direction of
John D. Archbold. The collateral was
stocks and bonds of oil and gas COM
panies in West Virginia and Pennsyl-
vania. Mr.. Barnsdale lives in Pittsburg.
l have heard he was interested in the
production of oil. We received per cent
on Mr.. Barnsdales loans"
VI tnc WHOle loan or S32,ODDUDO made
last year what amount was loaned to
Wall street brokers and what to indi-
viduals?'
We'll. about $40, SOC, 600 was loaned to
Wall street brokers and the rest to Mr.
Barnsdale and to individuals" replied
Mr.. Rockefeller
Mr. Rockefeller sad that in the sum-
mer of 1906 the amount of money loaned
in Wall street amounted to nearly $25-
100000. He said the Standard OIL Com
pany of New York was in close touch
with financial interests in this city be-
cause of its large foreign exchange Mr.
Rockefeller said:
THE Standard sometimes has large
sums in the street. and again it has little
out at interest. The collateral is safe
stock exchange securities. We require a
margin of 20 per cent at all times"
Mr.. Rockefeller said that the Standard
Oil Company of New Jersey did not loan
money in Wall street
Elder Rockefeller Alive.
Mr.. Rockefeller testified that he did no,
know why the subsidiary pipe lines KEEP,
on deposit such vast sums of money, ex.
cept perhaps that it might be used in con-
struction work.
But, Mr.. Rockefeller, these sums az,
gregate millions" said Mr.. Kellogg
Mr.. Rockefeller disclaimed Familiarity
with the accounts of the pipe line com.
panies. He said he is a stockholder in the
Standard Oil Company of New Jersey
but that his stock stands in his father
name. That concluded his examination