Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-09-23
AS Soon As Freed From Laby-
rinth of Litigation, Company
on New Plans Will Arise
EFFORT TO SHOW STOCK TRICK
Trustees for Subsidiary Companies
Supposed to Have Withheld Trans
for Of Majority Stock in order to
Avoid pi.obeyins a Temporary In
junction.

New York, Sept. 23.-W. Fl. Tiiford'
of the Standard Oil Company, gave
further testimony today in the gov
ernment's action against the COM
pany
kellogg asked Tilford If it was not
a fact that only the stock of the TWEEN
ty subsidiary companies distributed
between 1892 and 1899 was 474,619 out
of 972,500 shares. which were DIS
tributed to certain stockholders, in
GLIDING John D. Rockefeller, William
Rockefeller, Henry NJ Flagler. n. H.
Rogers and fourteen other stockhold-
ers. Tilford said he did not know.
kellogg said he proposed showing
that in order to avoid an injunction of
the court preventing the voting by the
trustees of sufficient amount of trus-
tees certificates for majority stock
of the subsidiary companies. that they,
as individual stockholders, still main
tain control of the company. Tflford
did not Illuminate the issue which
The line OF defense of the Standard
to the allegations made by the govern
ment was indicated during the cross
examination of Tilford by John G.
Milburn, chief counsel for defendants.
Milburn's interrogations were designed
to show that in the oil fight in Colora-
do between the Standard and lnde-
pendent companies, the first to cut
prices was the independents, and that
there were no troubles made for the
independent companies except those
which arose from natural causes. Inc
questions put to witness showed de-
PENDANTS intend to meet the govern
ment on every point raised in the long
bill OF, complaint.
Official denial was given today TO
reports that a conference OF Standard
Oil interests is to be held at the home
of H. h Rogers at Fair Haven. Mass
today. It is stated that Rogers mas
not been consulted regarding Standard
Oil by the officers since he was taken
ILL., A representative Of the Standard
said that as soon as the Standard
freed itself from the labyrinth of liti-
CATION involving it, there will be re-
OrSanlZaIlOI. L lle Cdpi'e1i SloSh WIZ -
increased to an amount more In har-
mony with the value Of its assets, say
to s4O0 ,00O, 900 or $500,000,000.
Men Who Control Oil Trust.
Flee men with estates the stock OF
which is voted as those controlling
spirits which practically own the OIL
Trust, and these five in eight years,
from 1899 to 1906. divided among
themselves more than s10O.oo0,000 in
dividends. They have the absolute
control Of the great corporation in
their hands. Their names are John d.
Rockefeller, William Rockefeller, Hem
ry H. Rogers. Henry M. Flagier and
Charles NJ. Pratt.
With John D. Rockefeller as leader,
because his share in the Oil Trust
amounts to more than all of the
others combined, these five men, with
the addition Of one more, James Still
man, William Rockefeller's brother
| in-law. have used this colossal engine
of wealth to get control Of the indus
trial, commercial and financial COM
| binations which have a combined cap
| ital of over five billions of dollars.
| Time was when a man expected to
reckon with the Oil Trust when he
contemplated entering the oil busi-
ness, but now there are few lines of
trade or finance which are not DOM
mated by the small group of men so
closely banded together, and "the
! Rockefeller interest" is as jealous of
competition in any line of trade or
finance as ever was the oil monopoly.