Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1907-09-26
PROBING OIL TRUST.
Attorney Kellogg Continues to Bring
Out Interesting Facts Concern
ing STANDARD OIL Company.
STILL OPERATE IN TEXAS
John D. Rockefeller 10 one.Fourth
Owner Of the Grant Company
His income In Eight
Years Sf25,o00,00o.

New York, Sept. 2O.-Evidence wa
adduced Thursday at the hearing Q
the federal suit against the Standar'
on company Of New Jersey, whicl
Frank B. Kellogg who is conductinl
the governments action says tends y
prove that the Standard OIL compan!
10 operating In Texas under the mann
Of the Corsicana Refining company
The Texas antitrust laws forbid thu
Standard from doing business within
the borders of that state. Mr.. Kellogg
developed from Wesley M. Tilford
treasurer of the Standard OIL com
pany that H. @. Folger and G. M
Payne, who Mr.. Kellogg says are the
owners Of the Corslcana company are
officials Of the Standard Oil company
Another interesting development
was the official statement made for
the first time of John D. Rockefeller'a
personal holdings in the Standard Oil
company. Just to what extent the
reputed head was individually inter
ested in the great concern has long
been matter Of speculation. 1t was
brought out Thursday that Mr.. Rookie
Teller owned 256,854 shares, or more
than one-fourth Of the total 972,6OO
certificates Of the Standard OIL com
pany. Based on the earnings Of the
company as placed on record Tuesday,
II IL computed that Mr.. Rockefeller's
personal profits during the past eight
years have aggregated almost $685.
100000. At Tuesdays hearing 1t was
testified that in the years from 1899
to 1906, inclusive, the Standard Oil
company had earned total profits Of
S490,316,O34.
Wesley H. Tilford, treasurer Of the
Standard OIL company was questioned
Thursday by Frank B. Kellogg who
ID conducting the federal suit against
the oil combine, in an effort to CLEAN
further facts and figures concerning
the development OF the Standard Oil
truet and Its subsequent liquidation
into the present Standard OIL company
Of New Jersey. Mr.. Kellogg said that
the records Of the llquidating trustees,
which had been finally furnished by
the Standard company were being ex.
amined by the governments counsel
and that~it might be several days be-
fore the information desired could be
produced in court Mr.. Kellogg also
intlmated that further witnesses might
be subpoenaed rs a result Of the de-
velopments of the last two days and
that the hearings would likely be pro
longed for some time.
Mr.. Tilford was shown copy Of
the agreement Of 1882 showing list
Of companies that entered into the
trust,
1T appears that the Chess Carley
company signed that agreement. Have
you thought about that since l spoke
to you Wednesday night?" asked Mr..
Kellogg.
mo have not" replied Mr.. Tilford,
who Wednesday testified that he had
been a member Of the Chess .Carley |
company Of Louisville, before he be-
came identified with the Standard OIL
company. Mr.. Tilford was asked
when It signed the trust agreement,
He replied that the stockholders were
y. D. Carley and the Standard OIL com.
pany Of Ohio.
Mr.. Tilford said that he became
Identified with the Standard Oil com
pany OF Ohio in 1878. He was a
liquidating trustee and one Of the
under the trust agreement he
said. Mr.. Tilford testified that be-
tween 1899 and 1899 the trustees re
ceived the dividends on the un.
liquidated stocks Of the subsidiary com.
panies and distributed the money to
the holders Of the trust certificates
and the holders Of the liquldating a.
The trustees did not vote
this subsidiary stock as they had done
before the company underwent liquida,
ton. Prior to 1892. Mr.. Tilford said,
the trustees voted the stock and
elected the directors Of all the sub
sIdIary companies.
Mr.. Kellogg again asked Mr.. Tilford
Il It was not fact that the
IiQuidating trustees during the liQuida
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