The Mena weekly star., 1907-10-17

New York, Oct. 10.-Transcripts O ledgers and journals of the old Stand ard Oil trust several of it's subsidiary companies were placed in evidence Wednesday at the hearing of the fed. eral suit against the oil combine foi the purpose of proving the govern. ment's contention in the. bill of com plaint that the Standard Is an illegal monopoly. Clarence G. Fay, assistant auditor of the Standard Oil company of New Jersey, was again on the wit ness stand. Frank B. Kellogg, the governments counsel, called attention to the balance sheets of the Standard Oil company of Kansas for 1899, on which the stocks of the Southern Oil Tank Line, Mutual Oil company, the White Golden Lubricating company, c. P. Wagner& company, H. Garlick & company and Protection Oil com pany appeared as assets.
 Mir. Fay said he could not explain why the balance sheets in the follow ing years did not show what had be come of all these assets and why they were written off
 A balance sheet of the Standard Oil company of New York for 1906 showed 1t carried it's pipe lines as an asset which it valued at $S4,S33. MT. Fay said he supposed the Central Park Pipe Line was included in that asset. He did not know why the asset ac. count for pipe lines had not appeared in the company's books after 1906. The balance sheets of the National Transit company showed that the Ma tional Transit company paid to the Standard the rentals for the cross town pipe line from 1899 to 1905, in elusive. The yearly amounts varied from s1.191,1 ,140 in 1901 to s23S,191 in 1905.
 Figures from the balance sheets of the Galena Oil company showed to- tai asset of s11,S31 ,333. of which the plant investment was s350,S63 and the good will s7,554.O17. Mir. Fay said.
 Charles T. White, assistant secre tary of the Standard Oil company of New Jersey took the stand and sub mited list of stockholders of several other subsidiary companies of the Standard
 w. H. Tilford. treasurer of the Standard Oil company of New Jersey, was recalled and questioned regard ing the loan of $2,O00,000 to James Mcdonald, which appeared on the Anglo-American oil company. No explanation was elicited.
 Mir. Tilford said the Standard Oil company of New York was the present owner of the cross town pipe line un- der Central park. New York, the own ership of which until Wednesday has been somewhat of a mystery to the governments counsel The Nntional Transit company. he said. sold the cross town line to the Standard Oil company of New York on January 29, 1892, for $55.22
 Mir. Kellogg showed that the state ments of the Standard Oil company of New York that 5,596 shares of the company's stock in 1893, when the trust was ordered dissolved, had been voted by the Standards trustees. who hold the stock as individuals. The statements further showed that 34,- 2SS shares did not vote and that in the period from 1893 to 1899. 35.596 shares were the ouly stock voted at elections. It is the contention of the government that when the Ohio courts forbade the Standards trustees from voting the stocks of the subsidiary company the trustees liquldated a bare majority of their trust certificates, for which they were given a majority of the stocks of the subsidiary companies. which they voted as individuals and thereby continued the Standard Oil trust. under the same control and as an entity.