The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1907-10-03
ONLY $sOO,OOO,OOO /!


New York. - Records OF the stocl
holders OF the Standard on compan
of New Jersey laid bare today al tb
hearing Of the governments suit 10
the dissolution of the alleged oil con
oine disclosed the fact that John n
Rockefeller Owns "a ,0ee shares, o
nearly i've times as much stock n
any other individual shareholders
aud that he aud his associates, VIII
signed the trust agreement in Isss
stiil control a majority OF the stock
Measured by the present marke
price OF $40 share the holdings o
Mr.. Rockefeller In the Standard OF
ICON pany have a value Of sl0a. 600, coo
The stockholders record OF August
u. 1907, shows that the Universit,
of Chicago is the owner OF 900
shares OF Standard oil stock.
The depreciation in the price OF
the stock within the past ten years,
about the time the agitation began,
had been more than s4oo a share.
Since legal proceedings against the
Standard OH company were inssitut.
ed. the stock has steadily declined
until IL Is now around $40. This
represents loss Of over sl00, ooO, O0(
on the holdings Of John ID. Rockefei.
er. The shrinkage 10 the market
saiue OF the stock cost the University
OF Chicago TO the extent OF abou,
81, 000, 200.
Some OF the STANDARD oil books
wanted by the governments counse
engaged In the proceedings here TO,
ward dissolution OF the corporation,
have not yet been produced, but sew.
eral important books nave been forth.
coming. The agreement Of 1852,
which was signed by most of the
men now in the front ranks OF the
Standard Oh ownership and manage
ment, was put In evidence by Frank
Il. Kellogg, the governments special
counsel, aud its Authenticity was
admitted by the company's lawyers.
How MIR. Kellogg obtained possession
of this document Is not known. 1t
is.said that Detective Flynn, head OF
the New York branch u the United
States secret service, has conferred
with Mr.. kellogg since the hearing
here begun.
Accountants for the government
are still Engaged on the records OF
the liquidating trustees AMI iedgers
obtained from the Standard OIL COM
pany, and while the examination has
not been fully completed, 10 was said
today-that the books show that since
1882, to the present time, the oil
combine has earned between $500, :
100000 and $500, 900, 900. IL Is ex-
pected that next week the exact ig-
ures will be produced 10 court.
Mr.. Tilford, treasurer Of the Stand.
ard Oil company, was asked on re.
sumption Of the hearing today, II the
dividend OF the Standard OF CON-
pany OF New jersey In 1899 was sia,
304, i5s or s32, o0s. Sal.
81 think the dividend was sl4, 30s.
lss. p" replied Mr.. Tilford.
And the reason the dividends
were so small was that the dividends
In some OF the subsidiary companies
were paid TO individuals instead ~
to the Standard oil company of New
Jersey
Eyes, / think so, said Mr.. I'll.
ford.
Mr.. Tilford said that To the present
date, 972, 1872 shares OF the Standard
Oil company Of New Jersey had been
exchanged for trust certificates. He
said there still remains outstanding
stocks OF the subsidiary companies
which have not been exchanged for
the remaining eight shares OF the
Standard OH company.
Mr.. Tilford did not know II IL was
a fact that In 1855 or In 1889, the
Manhattan OH company OF Ohio sold
its tank cars to the Union Tank line,
ozsnbsidiary company OF the Stand.
~ company. nor could he say II
k2il company, another Stand
"a purchased the oil pro.
sthe Manhattan com
"a Refining
logg.
Mr.. TiIford . II do
not know.
Mr.. T'ilford Dned re-
garding the = 1ng the
amounts Of sid absidiary
con panies held for the
trustees certify witness
said be old oct ID.
MIR Tilforde - cord Of
the shareholdsa Of dard on
company Of Nes ~ August
10, 1907. IA
According 10 Mf ~. 5000
shares we're ownsl }. Arch
bold and 80 shan Arch.
bold. Ibis son. - wns one
n the signers etx( y trus;
,.a0vparx. = n - owpad