The Birmingham age-herald., 1907-09-20
Investigation Brings Out FacIs Regarding Oa Business
 in Texas
ROCKEFELLER OWNS MORE
 THAN FOURTH OF STOCK
Oil King Has Received Nearly s125, 100000 In Profits In Eight Years. Wesley TiIford, Treasurer of
 Company, Questioned.

New York, September 19.-That the Standard oil company is operating under the name of the Corsicana Refining com- pany in the state of Texas, which has ror- bidden the oil combine to operate within the state, was indicated today when ". II. Tilford, treasurer of the Standard Oil company, under examination in the gov ernments suit against the company, testi- fled that H. c. Folger and C. M. Payne, whom Frank Kellogg the attorney for the government, states control the Corsl- cana company, are prominent in the con duct in the affairs of the Standard Oil company
 Mr Kellogg sought to draw from the witness the information that the Corsl- cana company was really a Standard oil company, and was operating in Texas .e- cause the antitrust laws of that s,ate would not permit the combine to opere.e it, Mr. Tilford replied as far as he knew the Standard Oil company had no inter ests in Texas He said that MT Folger and MT. Payne were both officers Of the Standard Oil company, but he was not aware that they owned the Corsicana company.
 Another interesting development was the official statement made public -)r the first time today of John b. Rocke- fellers personal holdings in the Standard oil company Just what the extent the reputed head was individually interested in the great concern has long been a mat ter of speculation. 1t was brought out today that MT. Rockefeller owned 25o,s54 shares. or more than one-fourth of the total T2,500 certificates of the Standard Oil company. Based on the earnings or the companies as placed on record Tuesoay, it is computed that Mr. Rocllefeller's per- sonal profits during the past eight years have aggregated almost $l250oO,ooo.
 At Tuesdays hearing it was testified that in the years from 1899 to 1906, n- elusive, the Standard oil company had earned total profits of Si90,35,934
 ouizzed By Kellogg.
 Wesley II. Tford, treasurer of the Standard oil company. was questioned to- day :, Frank B. Kellogg, who is con du, Ing the federal suit against the oil combine in an effort to glean further
  ment of the Standard oil trust and it's subsequent liquidation into the present Standard oil Company of New Jersey. MT. Kellogg said today that the records of the lquidating trustees, which had ben finally furnished by the Standard company, were being examined by the governments counsel, and that it might be several days before the information desired could be produced in court MT Kellogg also intimated that further wit nesses might be subpoenaed as the re- suit of the developments of the last two days, and that the hearings would like lv be prolonged for some time
 Mr. Tilford was shown copy of the trust agreement of 1882, showing a list of companies that entered into the trust Ut appears that the Chess Carley com pany signed that agreement. Have you thought about that since l spoke to you last night?" asked Mir. nelogg.
 No. I have not" replied MT. Tilford, who yesterday testified that he had been n member of the Chess Carley company nj Louisville. before he became identi- fled with the Standard oil company.
 MT rfi1ford asked who the stock holders fo the Chess Carley company were when it signed the trust agree ment He replied that the stockholders were F. D. Carley and the Standard oil Company of Ohio.
 Mr. Tilford said he became identified with the Standard Oil Company of Ohio in 1878. He was a liqudatng trustee and one of the trustees under the trust agree ment, he said,
 Payino Out Dividends.
 Mir Tilford testified that between lS92 and 1899 the trustees received the divi- dends on the uniquidated stocks of the subsidiary companies, and distributed the money to the holders of the trust certlil- oates an, the holders of the liquidating assignment The trustees did not vote this subsidiary stock they had done before the company underwent liquda- ton. Prior to 1892, Mr. Tilford said the trustees voted this stock and elected the directors of all the subsidiary companies MT. Kellogg again asked MT. Tilford II it was not a fact that the hquldatlon trustees during the liquidation period voted the stock of the subsidiary com panies. whose stock was still unliqui- dated
 .'I am quite sure they did not" re- piled Mir. Tilford.
 ''Then who elected the officers of these subsidiary companies?' asked MT. Kel- logg ."rhey were elected by individual stock holders of these companies" answered Mir Tilford.
 Mir Kellogg took up the method of liauidating a company and showed the witness certificate of assignment made ont to John D. Rockefeller
 ..This shows that John D. Rockefeller owned 6.S54 shares out of a total of p79 5OO shares of trust certificates in ls92n said MT. Kellogg.
 "Is that correct
 ,1 think so. according 10 the assign ment here" replied MT. Tilford.
 well. you as counsel for the trustees. were one of the signers of the assign ment were you not?
 ''Yes."
 .srhen when you made out this assign mont YOU transferred to Mir. Rockefeller his proportionate control of all the stocks of the subsidiary companles?'
 "Yes, sir" replied MT. Tilford
 Record of Stock.
 Mir. Tilford was asked if he could pro- duce a record showing the amount of stock of the Standard Oil company of New