The Washington herald., 1907-09-22

New York. Sept I.-Acting on John u.
RockefeIier's suggestion. leaders ia the
Standard OIL Company. will. it is report
ed here tonight hold conference to-
morrow at H. Il Rogers. Fairhaveu.
Mass. home Their plan, according 20
Cleveland dispatches. IS the corporations
complete reorganization.
The ablest lawyers the Standard can
hire viii be present and before the meet
ing is over the whole question OF re-
arranging tie directorate and remaining
the company viii be gone over.
john D. Rockefeller. now iu Cleveland
win be in constant communication with
bis Heutenauts. and their decision will be
Immediately submitted to him for ap-
provaL John p. Archbold. William
Rockefeller. Wesley NJ THf5rd. Charles
Pratt and others will be at Fairhaven in
person.
Old Management 20 Step Ont.
II is believed the reconstruction plan in
cludes the diss0iation Of the New Jersey
holding company. the substitution Of
new name. and the selection as directors
Of number Of young fnancie-s whose
connection with the standard has hith-
4 erto been remote.
It is understood John D. Rockefeller
viii ultimately relinquish the presidency
of the parent concern. taking with him
William G. Rockefeller. Rogers. ArchboId.
Flagler. Pratt, and the others most close
/ ly identified with the present board Of
/ directors.
Wall street implicitly expects reports Ot
/ the contemplated reorganization.
Feel New Blood Is Needed.
Among the young men mentioned ss
likely 10 succeed to the places Of the old
directors are Harry Payne Whitney, H
/ c. Ledyard. II. Il. Rogers. IT.. William G.
Rockefeller John II Rockefeller. tr., and
Walter i. Jennings.
/ The retirement or the present managers
can De easily accounted for on the ground
/ that advancing years makes the burden
/ OF business TOO heavy for them. John D.
/ Rockefeller Is approaching the seventy
mark. as is Il. i. Rogers. ArchboId and
I William Rockefeller are past sixty, and
I Flasier is more than seventy.
i New blood viii De needed soon. and
+ fnanciers believe that John .. Rocke-
J fellers astute mind has conceived the
+ plan Of injecting it now. in the hope that
the public viii take il that q change in
policy viii result.
Kellogg DeIvinE Into Mystery.
Frank b Kellogg. deputy United States
attorney general. conducting the govern
ment suit 10 dissolve the Standard OF
/ Company of New Jersey, received reports
( this afternoon from his experts who eX-
dmined the books of the company COW
/ ering the years of tie old trust agreement
and the period of liquidation, from 1,SL
until 1Se9. by which ne viii attempt to
prove on Monday that the Rockefeller
+ combination was conducted as a mon
opoly in direct defiance of the law and
courts, for eight years
The period of liquidation. from iS5
until 1889. when there was a preteuse Of
7 carrying out the orders Cf the Supreme
. Court Of Ohio. is more deeply clouGed
IN mystery -hau any other portion of the
I trusts existence. and straight into this
hidden chapter Kellogg has determined 10
force his way.
Rockefeller Nay BE Called.
With the information obtained from Sec
retary Charles N. Pratt. and Treasurer
. Wesley Il TnforG two Standard OF
mIlionaires on the stand this week, and
rc-enforced with the reports of the ex-
animation of the books received to-day.
/ Kellogg expects TO lay bare the details
Of the Eiganuc financial operations and
throttlin- OF competition.
II was practically determined to-day 10
call John d. Rockefeller and his i've
chiefs-or at least some OF them-to take
the witness stand.
/ KellocE became cxaspcTated this week
By the repeated statements of witnesses
that thev knew nothing of the business
except that which came directly under
the;v observation. They said they could
not tell vino had charge Of other depart
ments. or who might have information of
various sorts. He desires to discover who
is the genius of the organization. and
who does exercise a general supervision.
what Investigation shows.
Despite the reticence of the witnesses.
it is now on the record that the control
of oil business has been vested i'm ten
men or their estates since 1SS2; that the
stock earned in profits in eight years ap-
proximateIy S5o00CoU00. that the mower Of
might was used TO crush out competition
and that the officers of the trust consider
ed II suicide for an independent TO try
/ TO fight the Rockefeller ring; that after
the Waters-Pierce Oil Company had been
ousted from Texas. STANDARD officials
bought the Corsicane and the Securities
/ Companies. which carried on the Texas
business. and turned over their outputs
to the Waters-Pierce; that the similar
/ subterfuges were used in other cases; and
that the United States had been appor-
;inned between the subsidiary companies.
which never cuCroach upon the territory
of one another. and fix prices according
to the degree of competition, ranging
from 162 cents in Colorado to S.5 cents
lin Ohio In quoting these figures freight
rates were deducted in order 10 give
fair comparison.
Fugitive Priest Is Found