Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1907-09-20
TOday's Telegraphic News.
InyestIgatlng Standard on.


New York, Sept. 20. William G.
Rockefeller, nephew Of John d. Rookie
Teller and assistant treasurer OF the
Standard Oil Company, will be put on
The rack before special examiner Ferris
today. BE is considered by Prosecutor
Kellogg as bis most important witness
of the present hearing.
When the proceedings opened today
Moriaiz RosenIhal, whose illness caused
an esrly postponement yesterday, was
not in court, but Chief Counsel MilburD
for the Standard announced they would
20 on without him. Wesley Il. Tilford
resumed the stand at once.
Tilford presented figures showing that
In 1899, after the new company was
formed on June 10, the Standard divi-
dends were $l4, S04, 1873, while previous
to that date the subsidiary companies
that were amalgamated paid their stock
holders $S2, OOS,541
Tllford testified that John ID. Arch
bold now holds 1000 shares of the Stand
ard Oil Company of New Jersey; that
+. w. Barstow owns $50 shares; s. G..
Baine, 10 shares; s. G. Bayne & Co.,
300 shares. Bayne is president of the
Seaboard National Bank, which controls
the Securities Oil Company which ope-
rates in Texas. Henry M. Flsgler, Of
Florida, owns $500 shares of the
Standard OIL Company OF New Jersey.
Other members of his family have large
holdings.
Kellogg read long list of the names
of stockholders who are the descendants
or heirs Of Bepjsmin Brewster; ]. A.
Bostwick, d. NJ. Hardness, o. B. Jeu-
niugs, q. A. Hutchings, Charles Lock
hart, VIM. Fl. Macy, VIM. Il. Macy, jr.,
and Josiah Macy, jr., who we're signers
of the original trust agreement in 1882.
Kellogg's object was to show how the
stock has remained in the SAME families
or in the same hands during all the
surface shifts and changes.
Oliver II. Payne, Tilford said, now
owns 10000 shares. The estate of
Charles Pratt, father of O. NJ. Pratt,
present secretary, owns So, S02 shares.
John d. Rockfeler's present holdings
are 247, 500 shares; John d. Rockefeller,
it,, 120; William Rockefeller's IL LOO,
according to the statement submitted.
FL. H. Rogers holds 16, O20 shares and
his son II. H. Rogers, jr., 1,l5O.
By a statement provided by Tilford
showing stock 10 the Standard Oil of
New Jersey voted in annual meeting in
1896, Kellogg showed that four years
after the trust was ordered dissolved the
trust still held "a, S9l out of 10000
shares of the subsidiary company. He
tried to prove that the trust retained
just little less than a msjOrity in each
subsidiary, the majority having been
liquidated in compliance with the order
OF 1892.
The chief inquisitor also called for
data 10 show the "exact progress of the
dissolution" which he proposes to show
extended over eight years during which
he asserts the trust conducted the bust
ness in defiance of the court.
Kellogg brought out testimony regsrd-
ing the system by which the Standard IN
December, 1903, monopolizsd the ex-
portation of oil. Sixteen independent
refineries in Ohio and Pennsylvania were
forced to sign an agreement to sell all
the oil they wished to export to the
Standard. The Standard controlled the
supply of crude oil refined by these COM
panies and cut oil the supply until the
contract was signed.
When the contract was signed the
Standard agreed to furnish the reGneries
$50, 900 barrels Of crude oil per month,
apportioped at set ratio.
Kellogg asked Tilford to produce cor
respondence, which Kellogg said, would
show that the Standard officials wrote
letters Directing to the sale of oil for ex-
portation by an Independent TO another
company.
The contract was abrogated about the
time an investigation was begun by the
government bureau OF corporations.
1t wat shown that the witness, Wesley
II. TilforG owns 5000 shares of the
parent company and that 5000 shares
are owned by the University of Chicago.
Adjournment for luncheon was taken
with Tilford still on the stand.