Waterbury evening Democrat., 1907-10-10
LENGTH OF THE DAYS SEEK ALL|ESO OF TRUST
Federal Probe Unearths Big Oil
 Loans In Book Entries. ii
OFFICIALS CANNOT EXPLAIN.

William G. Rockefeller Is to Be Called to Stand In Suit to Dissolve Octopus
 and Asked to Throw Light on Mys-
 terious Transactions.
 New York, Oct 10.-Search is being made by Special Counsel Frank B. Kellogg, in the governments suit to dissolve. the Standard Oil trust for concerns posing as independents, but which in reality are controlled by the oily octopus. Every suspicious entry on the trust books and balance sheets which the government counsel has ob- tained is probed to the limit. Several such entries were taken up at the hearing before Special Exam iner Ferris. Enormous loans to James M. McDonald," obligations of millions due from ''P. s. Trainor" and 'ac- counts receivable, $32, ,761, ,76060," were among these mysterious entries. Wes- ley H. Tilford, George Chesebro, Clar- ence G. Fay and Charles T. White, all heads of finance and accounting de- partments, said they couldn't throw any light on them.
 w. G. Rockefeller to Testify.
 William G. Rockefeller, oldest, wealthiest and most prominent among the second generation of the Standard Oil millionaire group, will be called to the stand and questioned as to the books of the Standard Oil Company of of ha ic froo MT. Tilford, who is vice president of that company, couldn't explain the "ac- counts receivable" item.
 Cant you recall any loans to this enormous amount last year to inter- ests other than Standard Oil subsid- iary companies by the company of which you were vice president?" asked Mir. Kellogg.
 q don't know," was the answer. 'They might have been call loans. When money is not needed it is loaned on short time and on call"
 The balance sheet of the New York company for 1903 showed an inventory of large amounts of crude oil in the name of P. S. Trainor, $16,0OO,000.
 "P. S. Trainor can explain that. can't" said MT. Tilford. At one time it was the custom of the Standard oil of New York to purchase all the crude oil and sell it to the other subsidiary companies" ."s1.44z
 When MT. Tilford was on the stand before he was asked to find out about loans of $2,000,000 and $3,000,000 car ried on the books of the Standard Oil Company of New York to James NJ. Mcdonald. He said yesterday he had not been able to get any information on the subject. Mcdonald is or was an employee of the Anglo-American Oil company.
 On Trail of Pretended Rivals. The government since the hearing began has unearthed the Corsicana oil company, doing business in Texas and with its ownership vested in men who draw salaries at 26 Broadway. It is on the trail of other pretended rivals of the Standard, and MT. Kel- logg believes that their ownership by l tlc Cluhudlu ID Sbuhtu uiutl ooLlC of these entries of millions on the books which the very men who made them swear on the stand they know absolutely nothing about.
 Another such entry was found on the balance sheet of the Southern Pipe Iine company for 1904. Under &C., counts receivable was the item "P. S. Trainor. $2,607, ,S52.99. The nearest ex- planation of this that George Chese- bro, comptroller of the company, could give was:
 q think it was just loan made to P. & Trainor, who was purchasing oil for the various companies. It hasssince been paid"
 The most remarkable entry, however, and one which NIT. Chesebro was forced to put up to John Bushnell, his predecessor. was an item in the profit. and loss account of the Southern Pipe Line. which was charged against the profits for 1899. 'P. s. Trainor, $2.- cor. .s52.99."
 l There was nothing to show why the charge was made or what it was made for. Mir. Chesebro said he had discovered a journal voucher from which the entry was made. The voucher was not signed.