The Mena weekly star., 1907-09-26
1HE HUGE PROFITS IN OL
Hearing in New York Bringing Out Secrets Long Kept Hidden
 by the Standard
STATEMENTS BY COMPANY OFFICIALS
Assistant Comptroller Fay Recalled and Examination Resumed-lndiana Company, Recently Fined by Judge Landis In Chicago, One of the Most Profitable of Subsidiary Concerns.

New York, Sept 19.-Delying in the financial workings of the Standard Oil company of New Jersey, the holding company of all the subsidiary organi- zations of the so-called oil trust, Frank R. Kellogg, conducting the federal suit for the dissolution of the company, brought to public view Tuesday for the first time the enormous profits made by the company. In eight years from 1899 to 1906, inclusive, the Standard oil company by a statement spread upon the record Tuesday. was shown to have earned profits of $490 0,315.9S4 or at the rate of more than s61, ,000, 900 year. It distributed to it's shareholders in the same period $30S, 359 ,403.
 The profit of the Standard Oil com pany of Indiana in 1906 were s10.516,- 0S2 and in 1903 sS,753,410. This is the corporation which Is capitalized at s1,- 900 900 and which was fined s29, ,240,- 900 by Judge Landis in Chicago.
 These figures were brought out in a hearing in the action by federal gov ernment against the Standard Oil com pany of New Jersey, here. Wednesday. The statement as presented shows the profits of the Standard Oil company of Indiana were greater than the profits of any other company whose figures were given except the Standard Oil company of New York.
 Further efforts to obtain the records of the liquidating trustees of the Standard Oil trust, which effected the dissolution of the trust and formed the present Standard Oil company of New Jersey were made by Frank B. Kellogg who is conducting the governments suit against the company when the hearing before special master Ferriss was resumed Wednesday, MT Kel- logg issued a subpoena six weeks ago for the records. By them he expects to show the formative process. of the Standard Oil company of New Jersey and prove the governments charge that the company is an illegal com bination.
 Clarence c. Fay, assistant comp troller of the Standard, was recalled to the stand and questioned about the income on the c. M. Pratt investment company. He said that the income from this source in 1902 was $137 400. and that the money was paid over to the Standard Oil company by c. M. Pratt who Tuesday testified that he held stock of the Waters-Pierce oil company of Texas for the Standard company and that the Standard com pany held the stock of the c. Nj. Pratt investment company in lieu of the Waters-Pierce Oil company stock. MT. Fay testified that between 1899 and 1906 the stock of the Waters Pierce Oil company did not appear upon the books of the Standard Oil company of New Jersey as an asset. In 1899 the latter company's balance sheet showed ownership of 2,747 shares of the Waters-Pierce stock value at s3,067.Ss2
 MT. Fay was questioned about cer- tain Central Trust company certifi- | cates held by the Standard oil com pany between 1899 and 1904. A state ment from the company showed that stock of the National Storage company was sold In exchange for Lehlgh Val ley railroad bonds and deposited with the Central Trust company which is sued certificates in exchange. In 1905 these Central Trust certifi- cates were exchanged for s100,000 in cash and $500.0O0 worth of 4 per cent bonds of the Lehigh Valley Railroad oop,panv