Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1907-07-13
FORCED ON STAND.
Rockefeller, an Unwilling Wit
ness, Gives Standard Away.
VAST PROFITS OF GREAT MONOPOLY
New Jersey Octopus Made In Three
Years Net ERrnings OF S1o9, 100000
and Paid Dividends OF
4O,OuO.OOO.

CHICAGO, July 1O-With John D..
Rockefeller as the central attraction
and other officers OF the Standard oil
company as satellites. distinct progress
has been made by Judge Lands in his
efforts to discover facts upon which TO
base the amount Of zines to be impOs-
ed upon the convicted Standard OIL
Company OF Indiana.
The corporations counsel fought ev-
cry step with all their might, but the
judge was not 70 be deferred from his
purpose. Although Mr.. Rockefeller
proved an unsatisfactory witness these
facts had been sifted from the an
swers:
The Standard OIL Company OF New
Jersey holds S499 500 OF the $1,000
600 worth Of the capital stock Of the
Standard Oil Company Of Indiana.
Outstanding capital stock Of the
Standard Oh Company OF New Jersey
amounts to 9s.800,O0O.
Net earnings of the Standard OIL
Company OF New Jersey for the years
1903 1904 and 1905 approximates
S199 800, coo.
Dividends paid on the capital stock
% The Standard OF Company OF New
Jersey during those years approximate
ed 30 per cent Of the amount OF the
stock, or nearly Sf0.OO0O00.
The Standard on Company Of New
Jersey holds "by far the major por-
ton" OF the stock OF the Union Tank
Line company.
The Union Tank Line company, with
2 capital stock Of S3,50o00O. Is $1,000
600 in debt and has paid no dividends
since 1901
Mr.. nockefeller when he was called
walked slowly 20 the witness chair at
tho right OF Jud-e lands and raised
his right hand as the clerk administer
ed The oath "to swear 20 tell the truth
the whole truth and nothing but the
truth, so help you God"
"Afr. Rockefclor." asked Judge Ian
dis, "have you any connection with the
Standard OH companyT"
Il am president or the Standard OIL
Company Of New Jersey" SAID Mr..
Rockefeller deliberately. ~
1.-The position IS purely an honorary
one and has been for the last eight or
ten years" he resumed. ct have taken
no active part u its affairs during that
time"
what is the outstanding capital
stock OF the Standard on Company Of
New JerseyT' asked Judge lands.
Il believe about S1O0OOO.OO0 Is out
standing" said Mr.. Rockefeller. Il do
not state this definitely, your honor"
you think, then. IL Is about $780,
600, OOOf"
THAT is my idea"
Generally speaking" resumed Judge
lands after n moments hesitation.
''whot Is the business Of the Standard
oil Company OF New JerseyT"
"The production OF OIL" succlnctly
replied Nv. Rockefeller, and the crowd
smiled.
"Your honor" said he. leaning to
ward judge lands, "I have been so
! long out of business, so long out OF
this business, that 1 could not well an
swer that question. II is a dozen years
since I have been actively related with
its affairs. 1t is eight or ten years,
your honor since have even been IN
the Office at all."
"Woll, what is your general impress
sion OF what the business OF the Stand
ard Oh company isf"
They have refnerles TO refine oil.
This is as near as can say without
a study OF the charter"
'That Is all for the present" said the
court.
Hours before the trial opened the
corridors OF the federal building were
thronged with people Of all walks OF
life, curious to catch a glimpse OF him
who is said TO be the wsalthieSt man
] ga tho xuo~fF