The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-07-07

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since I have been OF all actively related with
thea affairs of the company. IL 10 eight or
ten years. your Honor, since l have even
been In the office at all.
Court What is your general impression
as to what the business OF the Standard
Oil Company OF New Jersey isT
A. They have q refinery and refine oil.
for me to give, to make an answer to that
question ~intelligently without q study OF
thec case.
Court Have you an impression az to
whether or not the standard Oil Company
of New Jersey operates indirectly more
han one oil refinery?
DUN EL sPARs WITH COURT.
Mr.. Miller objected, saving that the
Government had a suit against the Standard
Oil Company in Missouri to determine
whether it had been in a conspiracy or
combination in restraint Of trade and was
seeking information to prosecute that case.
He added
This very question. and in deed. for
that matter. the other questions as 10 the
Of the capital stock and the
earnings and dividends OF the Standard
Oil OF New Jersey. are questions and issues
that are involved in the caae upon which the
Gverments have been made by the Gov
ernment for the purpose OF establishing it's
case. And II has been widely published d
Court--What has?
Mr.. Miller-What l am about to state. In
the press within the last week and since
this investigation has started, that the
Government has q purpose in this investi-
cation to seek and develop evidence for
the purpose OF this case in Missouri.
Court-Whst do you mean by the Govern
ment2
MIR. Miller-I had not any particular
mea l merely quoted them as taking
place In the newspapers.
Court i wish to state to counsel that the
Government has nothing to do with this
inquiry.
MIR. Miller then said he referred to the
Department OF Justice as the Government
in this case should not cover all creation
and invoke a case" which was being
prosecuted elsewhere. He added:
May l ask what pertinency that
query has upon what 10 before the
Court? Is it to ~enlighten h Court Am
l right in understanding that il is for the
purpose OF enlightening the Court in the
exercise Of his discretion in fixing the
amount of a fineI"
Court Entirely.
to ascertain is the wealth of the alleged
holding company for that purpose
. Court-Why. certainly. What the occu-
patton Of the holding company is.
Mr.. Rosenthal-- No. not only what the
occupation is but what the wealth Of the
tNib Company TO- w 'hHb yOot ShoihOt
may determine the amount of this fine in
the light OF the wealth and financial standing
OF the real defendant. as you designate it,:
Court As one circu instance to be consid-
cred.
Mr.. Rosenthal-And that is the purpose
of his inquiry
Court-Unquestionably.
The defence then noted an objection and
was overruled.
SCOPE OF H rANDARD's BUsIN Rss
The Court then resumed the examination
OF MIR. Rockefeller:
Court-Have you any recollection. Mr..
Rockefeller. that the Standard Oil Company
of oil more than in the one refinery you have
referred to?
Al do not know what refneries there
are. The refining business has grown up
since my touch with the active relation 10 IL.
Court-SO that you don't know?
Al could not tell.
Court-That there are any oil refneries
in which the Standard Oil Company Of New
Jersey has an INTEREST,".
Al only know OF the operation Of re-
fineries that arc in New Jersey by the Stand
ard Oil Company Of New Jersey.
Do you know Of the Standard Oil
Company OF New Jersey being interested
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 Jersey?
A.-That, l presume, 10 50.
Court-Is the business OF the Standard
Oil Company Of New Jersey, generally
speaking, the production and refining OF
oilf A. The production, the refining and
the sale Of oil; that is an important feature
pany Of New Jersey.
IvIDKNps OF 20 PER CENT.
Court Beyond that. what is its oocu-
z -. - 49, - KILL.
IL would be proper to say that IL has occu-
patton in administering refineries. these
reffneries that are there. These are rather
technical points.
Court-Substitute the word business for
occupation. Beyond the production and
Company Of New jersey any other business?
Al should say not, strictly speaking.
Court-Do you n hat the dividends
Of the Standard Oil Company OF New Jersey
were during, the years 1908, 1904 Inc 1902
but approximately about 10 per cent. Of
the outstanding stock. would not under
take to speak absolutely definite, but that Is
q close approximation.
Court-Do you know rhat the net earn
during those years? A. do not.
Court-Have you any questions'
Mr.. Miller-None.
Mr.. Sims--I would like to ask a few.
Mi. Slms-Are o familiar, MI. Rookie
fe!ler. with the circumstances surrounding
the organization OF the Standard Oil Com
pany OF Indiana1
Mr.. Miller That is objected to. for the
Court don't care for that.
REFERS TO OTHERS FOR
Mr.. Sims-I would like to call the Courts
attention at this particular time, and tender
to the Court before this witness leaves,
what Is known as the Standard Oil Trust
agreement Of January ?, 1882, and l call the
Courts attention TO the third, fourth and
fifth para graphs Of that trust agree
ment, published in the report Of the
Commissioner Of Corporations, part I.
under date May 20. 1907, the three para
graphs to which l call the Courts attention
showing the Standard Oil Company's rights
to organize in any State in the union or
Territory, subsidiary companies TO be known
as the Standard Oil Company OF that par
ticular State or Territory. Our informa-
tisn is that the Standard OF Indiana was
organized in pursuance OF the clauses in
that trust agreement.
Mr.. Observation-Disclosures that In 10.
Court-That is all. Any other questions?
Mr.. Miller That is all for MIR. Rockefeller.
That is sll for the present. Might | ask
when Mr.. Rockefeller or other witnesses are
so eX u sed they may regard themselves