Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-07-07
STANDARD 0|LEARNS
FORTY PERI ENTON
HUNDRED MILLION
Continued From Page +, Column -

gently without a study of the char.
ter"
''Hav you an impression as L
whether or not the Standard oil com
pany of New Jersey opc ates indi.
rectly more than one oil refinery ?"
Court Rcsents Lawyers Remark.
Attorney Miller objected to thi'
question. He declared that ii hal
been widely published that the govern
tsent had a purpose in the present in
V~estigation to develop evidence for an
other case on trial in Missouri.
What do you meal by purpose y
asked Judge Lands sharply.
II use the words / have seen in the
eWspapers. said the attorney.
What do O mean by your use
of the words the government" i
wish to state that the government has
nothing TO do with this inquiry
Attorney Miller replied that he had
intended no insinuation.
Have you any recollection, Nj.
Rockefeller" said the judge, that the
Standard Oil company of New Jersey
is engaged in the refinement Of oil ia
more than the one refinery you ha'e
referred TO
II do not know what rehncries there
are. The refining business has grown
Since | was in touch with its active
operations
S that YOU don't know"
Il could not tell. / only know II
the operation of refineries that are tat
New Jersey by the Standard Oil COM
pany Of New jersey
"Do you know of the Standard OIL
Of New Jersey being inter-
eSted In the operation of any other
%refinerics through and in the name Of
the corporation whose stock is held by
the Standard oil company of New Jcr-
scy ?"
"That | presume is So"
us the business of the Standard
oil OF New Jersey, generally
speaking, the production and refining
Of oil?"
1.-The production. the refining and
the sale Of oil. that is an important
feature of the business of the Stanai-
ard oil company of New Jersey"
Beyond that, what IS its occupa-
ton"
Il could not say: | don't think IT
would be proper to say that II has
an occupation IN administering rciln-
cries"
The witness made quite a pause ar
Ter the completion of his reply ANA
then. turning his yes slowly upon
the judge, remarked: You are rather
technical"
substitute the word business for
the word occupation. Beyond the pro-
duction and refinement of OIL has the
Standard oil company OF New Jersey
any other business"
- should say not, strictly speak
ing"
do YOU know what tho dividend
Of the Standard oil company of New
Jersey were during the years of 1870"
1904 and 1905
IL don't know, YOU honor, exactly.
hut approximately about 40 per Ccn;
of the outstanding stock. would not
.A.-uaAtAnr. o. aFaul L nhEnlfINIA nafNnNNH D
but hat is a close approximate
''Do YOU know what the net cara
iugs of the Standard OIL company were
during these years.
~ do not
District Attorney Sims then assed
Rockefeller n he was familiar
with the circumstances surrounding
the organization of the STANDARD pii
company of Indiana. but Judge La't-
declared that he did not are Tor
The Information.
Tho court then asked the witness
what officer of the Standard on CONE
of New Jersey would be able %
tell him the amount of the net earn
ings of the company durin gthe years
1908, 1904 and 1905.
The witness replied:
a really do not think | could t'li
YOU. Undoubtedly one of the gent
~subpoenacd is here present Wh"
Judge Lands said that Secretary
Pratt of the standard oil company 1l
New Jersey and other officials were
uresent. and asked Mr.. Rockefeller
he or any Of the others Gou.u sl'
the desired information. Tho witness
II should think so, sir.
The court said: 81,
for the present, Mr.. Rockefeller.
RockcfcIIer's Estimate Confirmed
Charles NJ. Pratt, the secretary "f
the company. Who followed Mr.. Rock
%rfcllcr upon the stand. VAS asked 10y
The indigo IL the estimate given by NJ
porkerellcr as to the outstanding
stock Of the Standard oil com
uany of New Jersey was about SlVV'-
900. 600. The witness replied
81 think u Is not quite that mn'i
/ think IL is about SOS. 800, 900. That o.
within "A few dollars of the mount
"Dtd YOU hear his statement as
he approximate amount or ~dlNidehh@
paid by the company during the years
1903. fqO4 and 1907
81 did"
"He was uncertain as to the exact
nmount. lie stated 40 per cent
Il think that was correct. your
honor. That was the average
DO YOU remember the net earning
" the company during those thrce
years"
II do very clearly your honor.
think for the first year they were SNl.-
100000 approximately. % Wt
1903"
"Now for 1902"
For 1904. as near as ! can rcmcW-
her. I should say they were S6l.loo'-
GOO"
And in 1882"
"a trine over %s5700o.ooo, as near as
! can remember
Now. generally speaking. Is h
represented 10y tine outstanding
something under 100000 GOO
1f the Standard OF company or Now
Jersey employed in the refinement.
distribution and sale Of the products
VI petroleum o.
'Oh. your honor. the properties are
worth vastly more han thut'
That e the capital employed lsh
IT,"
Parent Company Own Indiana N
Concern
.'Can YOU tcli me what part 81 the
.4nIfHf stock 90 the Standard on com
e. Indiana Is owned hN th'
standard oil company ~ View Jer-
Judge Lands asked Secretary
Pratt.
rhe standard OH company OF ln-
stock. a. Z understand d. Ypul
Is held Ly the individual AMI
Corporate s~tnckhoidefs ~ the standard