Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1907-09-23
HEAVY LOSS
To Rockefeller Through Depreciation
of Stock.

New York, Sept. 22.-Records Of the
stockholders of the Standard Oil Co, of
NV Jersey. laid bare Friday at the
hearing Of the governments suit for
the dissolution Of the alleged Oil com
binc. disclosed the fact that JohrsD.
Rockefeller owns al. 692 shares. or near
~ five times as much stock as any
other individual shareholder, and that
he and his associates who signed the
trust agreement IN 1882 still control Il
ma iority Of the Standard Oil stock.
Measured by the present market price
of $40 Il share. the holdings of Mr..
Rockefeller in the Standard Oil Co. have
a value of S109. 900, 900 The depreciation
in the price Of Standard Oil stock with
in the past ten years, about the time
the agitation against the company be-
gan, has been more than $500 a share.
This represents loss of over $4,000 D.
600 on the holdings of John D. Rookie
Teller. The shrinkagc in the market
value of the stock also affects the Uni
versity of Chicago. which owns 5000
shares. about $2,00o000. .
The respective holdings of the largest
stockholders of the Standard Oil Co. of
New Jersey. are as follows:
John ID. Rockefeller. 247, 500 shares.
Charles H. Pratt estate, 52.5S2.
u. NJ. Hardness estate, $4,000.
q. il. Payne, 10000
II. NJ. Flaglor, 3o.5o0.
O. Il. Jennings estate, 1000.
II. II. Rogers, 5000.
j. A. Bostwick. $1,000.
William Rockefeller, Hoo.
a. NJ Prrwetcr 10 900
Charles Lockhart estate, Pittsburg,
$500
l.. C. Lcdyard and Payne Whitney,
5000
William G. Whitney estate, 5000.
w. II. Tilford. 5000.
John ID. Archbold. G00O.
w. q. Warden estate. 5S5S.
University of Chicago, 5000
c. NJ. Pratt. 5000.
Daniel ODay. 26f3.
Through Wcsly f. Tilford. treasurer
Of the Standard Oil Co, the govern
mcnt's attorney, Frank Il. Kellogg, was
able to ohtain evidence of verbal
a grcemcnt that had been made between
the Standard and independent Icfiner-
| les doing business near Cleveland and
Pittsburg. This agreement which was
entered into in tn" latter part of 1902
provided that those companies should
| sell their entire output Of oil refined
| for export to the Standard Oil Co. OF
New York tho export department OF
| the allied companies in return for which
| the Standard was to sell the companies
| n certain amount of crude oil each dav
Mr. 'riIford said that previous to the
| making Of the agreement the supply
| of crude oil to these companies had
been reduced. Mr.. Kellogg then develop
| cd from tho witness that the export
business was chiefly handled by the
Standard Oil Co of New York, and thai
| in buying oil for export it paid the
| market price to the independent REIN
cries M. Kellogg asked if the Standard
Oil did not determine the market price
AMI Mr.. Tilford replied that it cid.
This is the list of independent refiner-
les that entered into the verbal agree
ment with the Standard Oil Co:
| Pittshurg Oil Refining Co., Of Corao-
| polls Pa.
| A. y. Miller and Sons, Of Pittsburg.
| Seneca Oil Works, of Warren, Pa.
Cornplanter Refining Co, Of Warren
! Pa.
Conewango Refining Co., of Warren
Pa.
| Galde Oil Works of Warren. Pa.
Warren Refining Co., of Emlenton
Pa.
| Levi Smith Of Clarendon, Pa.
| Lake Carriers Refining Co., of Ne.
willie Island, Pa.
| Emlenton Refining Co, Of Emlenton
Pa
Superior oil CO.. Of Warren, Pa.
/ Beaver Il, nning Co, Of Oak Grove
/ Pa.