The Birmingham age-herald., 1907-09-22
Young Blood is to Be Infused Into the Official Workings
 of the Co',ctrn
NEW PRESIDENT WILL BE
 CHOSEN BY DIRECTORATE

It Is Reported That Rogers, Rockefel-
 Ter, Archbod and Other of the Old
 Men Will Retire In Favor
 of Younger Members.
 New York, September H.-(specal.l- Acting directly on the suggestion of John D. Rockefeller, there will be a conference at the residence of Henry H. Rogers at Fair Haven tomorrow, of the men most closely associated with the affairs of the Standard oil company. The purpose of that vastly important meeting. accord ing to Cleveland dispatches, Is complete reorganization of the great corporation John D. Archbold, William Rockefeller Wesley NJ. Tilford. Charles Pratt and others will either be at Fair Haven or will be in communication during the ses- sion with those on the ground.
 The ablest counsel that the Standard can employ will also be present and be- fore the meeting is concluded the entire question of the encouragement of the di- rectorate and the remaining of the com pany. 1t is expected, will have been thor oughly threshed out.
 While the meeting is in progress it Is understood John D. Rockefeller, who is at present in Cleveland, will be in con stant communication and the decision Of the conference will be submitted to him for confirmation before any radical steps are taken.
 Based en the telese am from Cleveland today, which was received by prom.- n-nr Waii street broker early in the aft- ernoon, fse plan which the, ,6tandard oil magnates have in mind is d complete and sweeping reorganization of the cor poration; this reconstruction possibly reaching sufficiently far to embrace the dissolution of the holding company, which was chartered in New Jersey. the sub stituton of q new name and the re- organization of the management by the selection as directors of a number of young men, who are connected with the Standard.
 Formative Period.
 The tentative reorganization, as 1t was termed from an authoritative source. is in purely formative stage, as yet; but some of the facts have become known. The plan contemplates the ultimate re tirement of John D. Rockefeller as pres ident of the parent concern, and with him. it is said will retire Rogers Will liam G. Rockefeller, John b. Archbold H. M. Flagler and Pratt and others who for years have been closely identified with the directorate.
 New blood will be put into the concern. It Is probable that man will be placed at the head of the company who will be a guarantee to the public that affairs will be honestly managed. Just as in the reorganization of the Equitable. all or the besmlrched directors retired and Roosevelts cabinet was invaded to secure a chief executive who could command public confidence all the other directors will get out, new men will be brought In and president selected whose in tegrity is unquestloned. Whether d dis solution of the corporate entity and the changing of the name will be necessary Is yet to be determined but it is said that within short time the plan of re- organization will be increased an that when 1t is made known it will shake the whole organization to it's very foun- dation and elimiate from at least public appearance in all places of influence all of the men whose management has brought the Standard to it's present con dition of turmoil. The dispatch which brought this startling news was as fol lows
 Source of the News.
 United States officials and prominent members of independent oil refiners be- lieve a complete encouragement of the directorate of the Standard Oil company is to be made in the near ft-.ure. 1t IS even rumored here that the heaG of the Standard is contemplating a change of name"
 Wall street believes this to be true. This afternoon a number of men who formerly for many years have watched the fluctuations of stocks in Wall street were asked for information on the Rocke feller plan and assured that their names would not be used. They are firm in the belief that not only will there be a change in the personnel of the Standard board of directors but that John b. Rockefeller has taken active charge of the affairs of the company at the present time for the purpose of undoing much that Henry H. Rogers has done in the past eight years. and that even if MT. Rogers should regain his health he will never again be given undisputed control of the com pany.
 Information was sought by number of men on the street for the names of the men who will be selected by Rocke- feller to aid in this contemplated re- organzat ton of the Standard and it was developed that the plan is to bring to the front a number of young men whose families have long held stock in the big companies.
 Officials Are Too Old.
 The maturing plan it is understood. will be accounted for when an explana- ton is demanded on the score of age. Rockefeller is getting toward the seventy mark; Rogers has reached seventy; Arch bold is past sixty; Henry Flagler is more than seventy and William Rockefeller Is long past sixty.
 New blood in the very nature of things will be needed ere long and Wall street bankers and big independent oil men believe that the astute mind of Rocke- feller has conceived the plan of injecting it now in the hope that a portion of the public may be made to believe that the
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