Omaha daily bee., 1907-09-20
STANDARDDEFTEST STEXASLAW
Evidence at New York Company is
Operating in That State.
ROCKEFELLER HAD TRUST SHARES
After Year 1892 Assignment Was
Made Conveying 20 Him ln-
terest in the Subsidiary
Companies.

NEW YORK, Sept. 19.-Evidence was ad-
suit against the Standard OIL company Of
New Jersey which Frank Il. Kellogg. who
is conducting the governments action. says
/ tends to prove that the Standard Oil COM
pany is operating In Texas under the name
of the Corsicania Refining company. The
/ Texas antitrust laws forbid the Standard
OIL company from doing business within
the borders of that state. Mr.. Kellogg de-
veloped from Wesley NJ. Tnford treasurer
of the Standard OIL company, that II. c.
Folger and C. NJ. Payne. who. Mr.. Kellogg
says, are the owners of the Corscana
company, are officials of the Standard Oil
company. Mr.. kellogg further developed
the fact that John u. Rockefeller at the
time of the dissolution of the Standard OIL
trust owned 256.S54 shares out of a total
of $4,000 shares Of trust certificates.
Experts StIn at Work.
Wesley II. Tilford, treasurer of the
Standard OIL company, was questioned to-
day by Frank b. Kellogg who is conduct
ing the federal suit against the oil com
bine, in an effort to CLEAN further facts
and figures concerning the development
of the Standard oil trust and its subse-
quent liquidation into the present Standard
L
said today that the records Of the liquidat-
I ing trustees, which had been finally fur
| nished by the Standard company, were
being examined by the governments coun-
| sci, and that it might be several days
| before the information desired could be
/ produced in court. Mr.. Kellogg also in
! timated that further witnesses might be
! subpoenaed as a result of the developments
| Of the last two days. and that the hearings
would likely be prolonged for some time.
Mr. Tllford was shown a copy of the
! trust agreement of 1889. showing a list Of
! companies that entered into the trust.
1T appears that the Chess Cerley com
pany signed that agreement Have you
thought about that since 1 spoke to you
! last night2" asked Mr. Kellogg.
! mo. have not" replied Mr.. Tiford, who
yesterday testified he had been a member
of the Chess Carley company of Louisville
before he became Identified with the Stand
ard Oil company. Mr.. Filford was asked
when it sigped the trust agreement. He
replied that the stockholders were F. d.
Carley and the Standard OIL company of
Ohio.
Voting Unliquidated stock.
Mr.. Tilford said that he became Identified
with the Standard Oil company of Ohio in
1878. He was a liquidating trustee and one
| of the trustees under the trust agreement,
he said. MIR. Tilford testified that between
1892 and 1899 the trustees received the divi-
dends on the unliuuidated stocks of the
subsidiary. companies and, distributed the
1 money to the holders of 1.-THE trust certif-
Gates and the holders of the liquidating as
signments. The trustees did not vote this
subsidiary stock they had done before
the company underwent liquidation. Prior
to 1892, Mr.. Tilford said, the trustees voted
the stock and elected the directors of all
the subsidiary companies
Mr.. Kellogg again asked Mr.. Tilford If 1t
was not fact that the nquidating trus-
tees during the liquidation period voted tho
stock OF the subsidiary companies whose
stock was still unliquidated.
II am quite sure they did not" replied
Mr.. Tilford.
"Then who elected the officers of these
subsidiary companies?" asked Mr.. Kellogg.
They were elected by individual stock
holders of those companies" answered Mr..
Tilford.
Mr.. Kellogg took up the method Of liqui-
dating a company and showed the witness
certificate of assignment made out to
John d. Rockefeller
ROckefeller's Holdings.
"This shows that John d. Rockefeller
owned 256,S54 shares out OF total of
972,500 shares of trust certificates in 1892.
said Mr.. Kellogg.
rs that correct?"
II think SO. according to the assignment
here" replied MI. Tilford.
We'll, you as counsel for the trustees
were one of the signers of the assignment,
were you not?"
Yes"
Then when you made out this assign
ment you transferred to Mr.. Rockefeller
his proportonate control of all the stocks
Of the subsidiary companies?"
Yes, sir" replied Mr.. Tilford
Mr. Tilford was asked II he could pro-
duce record showing the amount of stock
of the Standard OH company of New Jer-
sey issued TO John d. Rockefeller. The
witness replied that he did not know.