The Montgomery advertiser., 1907-09-20
OPERATING
 IN TEXAS Despite the Anti Trust
 Laws. TMF0RD GIVES SCHEME AWAY Kellogg Shows Up the Standard Oil Company. Owners and Operators of Corsicana Company of Texas are Heavy Stockholders in the Stand
 

Standard oil Company is operating un- der the name of the Corsicana Refining Company in the State of Texas. which has forbidden the oil combine to op- crate within the State. was indicated today when w. H. Tilford. Treasurer of the Standard Oil Company, under examination in the Governments suit against the company, testified that H. c. Folger and c. M. Payne, whom Frank Kellogg, the attorney for the Government, states control the Corsi- cana Company, are prominent in the conduct of the affairs of the Standard Oil Company.
 Mir. Kellogg sought to draw from the witness the information that the Cor sicana Company was really Standard oil Company and was operating in Texas because the antitrust laws of that State would not permit the com bine to operate there. Mir. Tiiford re- piled as far as he knew that the stand ard Oil Company had no interests in Texas. He said that MT. Folger and MT. Payne were both officers ot the Standard oil Company, but he was not aware that they owned the Corsicana Company.
 Another interesting development was the official statement made public for the first time today of John D. Rocke- feIler's personal holdings in the stand. ard oil Company. Just what the Gx- tent the reputed head was individually interested in the great concern has long been matter of speculation. It WAS brought out today that MT, Rocke- feller owned 256s54 shares, or more than one-fourth of the total s72.500 certificates of the Standard oil Com pany. Based on the earnings of the companies as placed on record Tues day. 1t Is computed that Mir. Rocke- feller's personal profits during the past eight years have aggregated almost
 At Tuesdays hearing t was tssti- aed that in the years from 1893 to 1906, inclusive. the Standard oil Com pany had earned total proets of $aso.- R1b.934. a ,.s% 'sgs
 MT. Tffofd was asked if he could produce a record showing the amount of stock of the Standard oil Company of New Jersey issued to John D. Rcclxe- feller. The witness replied that he did not know. MT. Kellogg then called upon the witness to produce record showing the amounts of trust certifi- cates held in 1892 by Henry H. Rogers. William G. Rockefeller, H. M. Flagler, c. H. Payne, s. B. Hardness and Uohn D. Archbold.
 win Produce Records. John G. Milburn, chief counsel for the defending companies. said he would see that the records were produced.
 Mir. Kellogg also asked for the amount of stock of the standard OH Company of New Jersey, issued to the same persons. These records would show, according to Mir. Kellogg, wheth- er Mr.. Rockefeller and his associates purchased or disposed of any of their holdings in the oil combination dur ing the liquidation period.
 MT. Tilford was asked who made up the plan to place the stocks of the subsidiary companies in the Standard oil Company of New Jersey. The wit ness said he did not know.
 Can you tell me where the trust certificates turned over to your com pany may be found?" inquired Mir. Kellogg.
 T cannot" replied Mir Tilford
 Mr. Kellogg again took up the ques- tion of electing officers of the subsi- diary companies during the liquidation period. As to whether the directors of the subsidiary companies were elected through proxies held by the lfQuidat- ing trusts, the witness had no recol- lection; nor could he tell how much stock the liquidating trustees had during the period of liquidation.
 MT. Tilford related the various po- sitions he had held in the various sub sidiary companies. He had been Pres ident of the Standard oil Company of Indiana. from 1889 to 1890; President of the Standard oil Company of Iowa from 1885 to the spring of this year. and was President of the Union Tank Line in' 1891. Now can you give us a list of of- ficers and directors of these subsidiary companies in the trust period and in the liquidating period?" T do not think can." answered the witness. MT Tilford admitted that during the liquidation of the trust, there was no changes in the real man. af 6a MT. Tilford was asked if he knew H. c. Folger and c. M. Payne. He re- piled that he did.
 DO you know of the Corsicana Re- lining Company of Texas?"
 Only Heard Of IL.
 T have heard of 1t" replied MT. Til- DO you know that H. c. Folger and c. M. Payne own the Corsicana Re- fining Company" T do not" replied Mir Tnford.
 Do you know if the Standard oil Company of New Jersey obtained oil from the Corsicana Company
 T do not know" answered MT. Til- ford.
 Did you ever hear the Corsicana Company discussed in the board of di- rectors of the Standard oil Company of New Jersey or New York?"
 T did not"
 Pierce oil Company was busted from Texas?'
 Yes"
 Did you know that no company owned by the Standard Cal Company is permitted to do business in the State of Texas?"
 T don't know" replied Mir. THford
 Don't you know that the Corsicana Company is operated in Texas under the names of H. c. Folger and c. M. Payne because the State will not permit the Standard oil Company to do business there?'
 'I do not" answered MT. TiIford.
 "Mr Folger and Mir. Payne are prom fnent oficeholders In the Standard Gil Company. are they not?" asked Mir. Kellogg.
 "Yes. they are" replied the witness.