Omaha daily bee., 1907-09-21
BILLION OF PROFITS
Immense Sum Earned by Standard Oil
Company Since 1882.
KELLOGG GETS MORE FACTS
John D. Rockefeller Largest Owner OF
~ Stock in Parent Corporation.
HE HOLDS OVER 25 PER CENT
Five Times as Much as Next Largest
Holder.
HOW OIL IS DISTRIBUTED
HOW OIL IS DISTRIBUTED
Country Divided Among Subsidiary
Corporations who Buy OIL from
Each Other-VerbaI Deal
with independents.


feller now owns 247, 500 Of the 972,5o0 shares
of the Standard OIL company of New Jer-
sey, according to the testimony of w. II.
Tilford, treasurer of that company, given
In the federal action at a hearing in this
city today. AS Standard Oil stock was
last quoted at $40 a share Mr. Rookie
feller's holdings are worth nearly s109, co.,,
COO. The holdings of William Rockefeller
were stated by Mr.. Tlford to be Ii 100
shares, and those of II. IL. Rogers 5000
shares.
Mr.. Kellogg succeeded in getting upon
the records today evidence which tended
TO show that the Standard Oil company
had made an agreement to furnish certain
Independent companies in and about Pitts
burg with crude oil on condition that their
output Of oil refined for exporting purposes
should be turned over to the export de-
partment of the Standard company
John ID. Rockefeller owns 247 642 shares
of stock, and his holdings are almost five
times larger than the shareholdlugs of any
other individual! interest The record
shows, though, since the dissolution of the
liquidating trust Mr.. Rockefeller has dis
posed of nearly 10000 shares Of his holdings.
Accountants for the government stlll
engaged on the records of the liquidating
trustees and ledgers obtained from the
Standard Oil company, and while the ex-
animation has not been fully completed It
was said today that the books show that
since 1882 to the present time the oil com
bine has earned between $500 100000 and
OO,OO0,0O0 1t is expected that next week
the actual figures will be produced In court
Mr.. Tilford, treasurer of the Standard
company was asked on resumption of the
hearing today If the dividend of the
1853 was Sl4,304,1SS or $32O0S, SAL.
Il think the dividend was s14,S04 1885," re-
piled Mr.. Tilford. And the reason why
dividends In some of the subsidiary com
panies were almost nothing
The University of Chicago owns 5000
shares of the Standard OH company stock
Dividends to individuals. 81
And these dividends were paid to indl-
kdua.s instead of the Standard OIL COM
Hany "f New Jerscey?"
Yes. think So" said Mr.. Tilford.
Mr.. rilford said that to the present date
g2492 shares OF the Standard OIL company
of New Jersey mad been exchanged for
trust certificates. He said there still re-
manned outstanding stock of the subsidiary
companies which has not been exchanged
for the remaining eight shares of the
Standard oil company.
Mr.. TIlford did not know II Il was a fact
that IN 1888 or 1889 the Manhattan OIL COM
pany of Ohio sold its tank cars to the
Union Tank Line, a subsidiary company
of the Standard oil company, nor could he
say II the Ohio oil company, another Stan
dard oil company subsidiary, purchased
tho oil producing wells of the Manhattan
company.
"a Cal "a,
pany. another subsidiary company of the
Standard OIL company, purchase at that
time the refinery of the Manhattan Oil
companyV" asked Mr.. Kellogg.
Mr.. Tilford again replied: ST do not
know" Mr. Tilford was questioned re-
garding the records showing the amounts
OF shares of the subsidiary companies held
In exchange for the trustees certificates.
The witness said he did not have the
record.
distribution OF Holdings.
Mr.. Tilford was shown a record OF share
holders OF the Standard OIL company of
New Jersey on August 10. 1907. According
TO Mr.. Tilford 5000 shares were owned by
John d. Archbold and l50 shares by John
II. Archbold, his son. The former was one
Of the signers of the original trust agree
rnent 9, G. Bayne & Co. owned 410 shares,
8. G. Bayne is president of the Security OIL
0smpany. The witness gave little informa-
tion about the identity of the numerous in
dividuals who hold the stock
Mr. Kellogg reading over the list of stock
holders. many Of whom he inquired about
OF Mr.. Tilord. spread on the record that
Henry NJ. Flagler owned sO,5OO shares Of
Standard Oil stock. Mr. KeIlogg's inquiry
was directed to adduce that many of those
individuals who signed the original trust
agreement In 1882 were still Identified with
the company. Oliver II, Payne who signed
the trust agreement, holds 10000 shares OF
the company's stock The stock holdings
OF Charles II. Pratt We're shown 10 be s.. $50
shares, while his son, Charles NJ Pratt
the secretary OF the company, owns 5000
shares OF the Standards stock
How much does Mr.. John d. RockefeI.
Ter own?''
''The record shows 27es2 shares" replied
Mr.. Tilford.
How many shares does William Rookie
feller own2"s
II md by the record n.7OO shares an
swered Mr.. Tilford.
How many shares does H. H. Rogers
own?"
The record shows that Mr. Rogers owns
1900, answered Mr.. Tilford, who further
sta'ed mat John ID. Rockefeller, tr,, owned
10 shares.
some stock Was sold.
The present record OF stockholders in the
standard OH company OF New Jersey shows
that John d. Rockefeller has, since 1893
when the standard oil trust was finally dis
so'Ved reduced his holdings in the company
oy SlS shares It was developed yesterday
that Mr. Rockefeller held $50. S54 liquidating
trustees certificates out Of total OF $4,000
certificates
The record OF stockholders OF the stand
ard on company OF New Jersey. only part
of which was spread upon the court record.
further showed that the University OF Chi
caso owned 5000 shares. Concerning the
business Of the Standard OIL comnany Of
New York. Mr.. T1iord said II handled prac-
ueAuy OF the export business OF the parent
company and that Il purchased the on