The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1907-10-15
ASKED ABOUT LOANS
Comptroller Of Oil Trust Testifies
in Government Hearing.
CANNOT CLEAR UP MYSTERY
Admits the Books of the Company
Show That Many Millions Of Dol
lars Are Charged to Certain Persons,
but Is Ignorant Regarding Details.

New York, Oct. 15.--Alfred FL.
Brainard. comptroller of the Standard
OH company of New Jersey and many
of it's subsidiary companies, was ques-
toned when called as witness in the
governments suit against the oil COM
bine concerning large loans made to
James Mcdonald by the Anglo-Amer-
ican Oil company. Testimony was
given last week that the Southern
Pipe Line company had loaned over
$20.000.0o0 to Mr. Mcdonald and that
the books of the company showed
that 1t had never been paid back Mr..
Brainard said that he was the Amer
lean secretary of the Anglo-American
company and that Mr.. Mcdonald. was
the managing director In London. He
was asked concerning loans made by
the Anglo-American company of ST.
1T5.006 in 1906 and 81, 1,427,907 in 1906
to Mr.. Mcdonald Mr.. Brainard said
that the loans had been ordered from
London and that was all he knew
about them.
Is 1t not fact that this money
was furnished to Mr.. Mcdonald that
he might hold either the Manhattan
Oil company of Ohio or the Security
Oil company OF Texas?"
II do not know" replied Mr.. Brain
ard
.sMr. Brainard was asked concerning G
the loans made by the Southern Pipe
Line company of over $20,000,000 to
f. S. Trainor.
Mr.. Brainard said that 1t was likely
that Mr.. Trainor reported his losses
to the Standard Oil company OF New
York and that the Southern Pipe Line
company reimbursed the Standard for
the losses and charged the amount
to the account OF r. S. Trainor Mr..
Brainard said he thought these losses
were incurred by Mr.. Trainor in the
purchase and sale OF oil.
Witness Pleads ignorance.
Mr.. Brainard said he knew nothing
about the loans made by the Standard
Oil company of New York, aggregat-
ing S32 1851 $40, in 1906 10 interests
other than Standard OIL" He said
that account came to him from the
treasurer's Office William G. Rookie
feller might know something Of the
loans, the witness said. Mr. Brainard
said he did not know whether the
transfer books OF the liquidating trus-
tees which Mr.. Kellogg has been de-
sirous of obtaining could be found.
Mr.. Brainard was excused and
Hampton G. Westcott, first vice pres
ident of the Standard Oil company OF
Kentucky, took the stand. Mr.. West
colt said the Standard Oil company OF
Kentucky was engaged in selling oil
In Southern states and that each
month the main Office Of the company
at Covington, KY, sent him state
ment Of business done by the Stand.
ards competitors These statements
gave the name of the consignor, con-
signee. the amount of oil and car num-
bers. MIR. Westcott said these state
ments were turned over to statis-
teal department in the Standards s
Office in this city.
Mr.. Westcott described in detail the
business operations of the Standard
In the Southern states and was Ques.
toned by Mr.. Kellogg about various
independent selling companies which
had been absorbed by the oil combine.
Mr.. Westcott said that several OF
these companies, including the Sum
light Gas and Oil company, We're alb
sorbed by the Standard and their
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