Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1907-09-20
S490,315,934 MADE
BY TRUST IN I YEARS
STAGGERING FIGURES TELL ~,
STANDARDS PROFITS FROM
1899 TO 1905.
COMPTROLLER FAY TELLS All
Statement Is Sensation of New Va,
Hearing in Which Government In.
covers Secrets of Octopus
COMPTROLLER FAY TELLS Al

NEW YORK, Sept l7.-prof,y
gregati ting $3.50, 3l5,934 were made IN. @
Standard Oil company in the seven. -, ''
from 1899 to 1906. Testimony to MI.
| feet was given by Assistant Comnr.m
| Fay of the company in the federal h.,
| ing here today. In the same nprioj
company's gross assets increased f.
$500, 19l ,G23 to $37l ,GG4, 53I. This iy @
first time the companyS earnings how
| been made public.
a list of securities owned Inv ,
Standard Oil Company Of New Inr,.
presented today shows that tina, corn,..
ton owns 5000 shares of the ytnnl
the Standard Oil Company of Inllm.
which company was recently SpnIm,~,I
Ivy Judge Lands in Chicago to my
| fine of $50. 24O,OOO.
l'ay'S testimony came in fine fof,..,
suit against the Standard Oou conng,"
Of New Jersey. The hearing here is ",
fedora! Smt which was brought in 81
Louis last December and has lVicr h,,,
adjourned at the request of counsel a..
the defendants.
1t Was the same old story. The ,a
people except F0y knew next to uothfn"
when ON the witness stand. The ooyrr.
m"nt's attorney, Frank Il. kclnu
plugged along steadily. however, mi
gained much information before he em
through.
CharleS NJ. Pratt, director of ,m
Standard Oil Company was the prmrim
witness Of the morning. Mr. KeI6a
showed a list Of securities held by The
Standard Oil company ON Sept II. lg0-
Ia. Il ,,..l,,
by the company. Mr.. Pratt said lie
could not say whether the statement
shown him was correct or not
What Pratt Does Not Know
LAS secretary of the Standard OIL conn
pany do you know anything about its ar-
QUESTIONS of other compancSE" he WAS
asked.
mot necessarily replied Mr. Pratt
who further stated that his knowledge
Of the company's holdings WAS only zen.
cral. Asked if the Standard Oil com.
pany controlled the Ohio Oil COMPANY
the witness replied that it did, Mr.
Pratt said that the Standard owned 493l
shares Of stock of the Solar Refining
company, which was all but six shares
Of the company's entire stock issue
Scheme Worked in Texas
Mr.. Kellogg questioned the witness at
some length about the c. NJ Pratt In.
vcstment company, the stock of which
was shown to be held by the STANDARD
company. He said the Pratt company
represented the stock OF the Waters
Pierce Oil company of Texas which he
was holding for the Standard Oil com,
pany. Mr.. Kellogg developed the jnlor
nation that the G. Nj. Pratt lnvcsmc,
company came into existence at the time
the Waters-Piercc Oil company was hay
ing difficulty with the state of Texas.
Mr.. Kellogg asked what records were
kept by the trustees showing the man.
ncr of liquidation i'll the period between
1892 and 1902. Mr. Pratt, as one Of
the liQuidating trustees of the STANDARD
trust. said there were books kept but he
could not recall in whose possession
they might be found.
Don't YOU know whether these books
are to be found III the comptrolIcr'S Of
flee or the secretary's Office asked Mr.
Kellogg.
Il really don't know" answered the
Don't you know anything about tbe
organization of the Standard Oil com
panyY' pursued Mr.. kellogg.
mo, sir, l do not was Mr.. PraitS
answer.
Suits Scope Is Wide.
Mr.. Kellogg intimatcd today that the
government would inquire into the char.
acter and nature of holdings of the
Standard Oil company of New jersey
as we'll as its affiliations, if any with
railroads. The United States govern.
ment has named not only the STANDARD
Oil company Of New Jersey az defend.
ant but also seventy subsidiary com
panies of the main corporation and the
following individuals:
John ID. Rockefeller. William RocSG,
Teller, Henry II. Rogers Henry NJ
Flagler, Oliver II. Payne, Charlie, n: NJ
Pratt and John u. Archhold. Only WE
liam G.. Rockefeller and Charles NJ
Pratt have been suhpoenaCd to appear
before the hearing, though Mr.. kellogg