The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-28
FLAGLER ALSO
NERVOUS WRECK
Like H. H. Rogers the Standard
Oil Magnate viii Not Be
Able to Appear in Court.
LITTLE PROBE
WEAK SPOTS OF THE OCTOPUS
TOUCHED UP.


= ton Woods. n. H, and his condition 4
y is understood to be serious. His =
= personal physician. DR.. Denan. and =
= nurses are in constant attendance. y
= symptoms of a general nervous =
y breakdown appeared and about a =
= month ago he was taken to the y
= White mountains.
= Every possible effort is being y
y made to keep mis- mind from his bust =
= ness affairs, and il is not considered y
= probable that he can testify in the =
4 governments suit against the Stand y
= ard Oil company now in progress
4 here.
+++++@*++%++*+%+++++%&++++
New York, Sept. 2Z-George Ches-
borough. controller Of many subsidiary
pipe line companies of the Standard Oil
company. took the stand today in the
government suit against the Standard Oil
Company of New Jersey, to give testi-
mOny regarding the operating costs and
profits of the pipe line companies
Mr.. Kellogg questioned the witness re-
garding the Buckeye Pipe Line COM
pany.
Il notice the following loans made by
the Buckeye Pipe Line company to the
National Transit company, as shown by
the balance sheets of the Buckeye COM
Pany; In 1889, SSd11h; in 1900. $, 25l, 2Sl'
in 1902. 50, 6S8 6l8; in 1903. S,li5.l53; in 1894
s6,5l5. ass: In 1905. 50 $50 326; in 1906. S46l6.
5l4- What were these Ioans?" asked Mr..
Kellogg.
Carried as Assets.
They represented funds on deposit
with the National Transit company" re-
piled Mr.. Chesbrough.
set?"
YES, sir"
why did you deposit these funds
with the National Trust company"
We used the National Transit COM
pany as bank and we could call for
the funds whenever we wanted them
replied the witness.
q notice that in 1906 the cost Of the
Buckeye plant is carried at 90, az, 95I and
the net earnings were s7,O2S,5OS for that
year Is that cOrrect?'
Yes, sir"
7 notice that s2.251. s01 is carried on
the books as an oil purchase contingent
fund, Why is such fund as that car
ried?"
Possibility Of shrinkage.
TO cover the loss by shrinkage in the
carrying of OIL" said Mr. Chesbrough
Mr. Chesbrough said that such a con-
tingent sum was carried because the ship
ping might call for the shrinkage funds
at any time.
The witness said that the Standard oil
company owns the pine line which was
run under New York and previous to 1865
leased il to the New York Transit com
pany-
Mr. ChesbrOugh testified that the New
York Transit company sold the pine lines
from UnionviIIe and Centre bridge 10
Bayonne to the Standard Oil company in
1905. He could not recall the purchase
price.
Mr.. Kellogg asked the witness about
loans shown by the balance sheets of the
National Transit company to have been
made TO Messrs. Folger and Payne. but
ne had only heard Of them. He was I'M
able to identify G. VI. BarnsdaIe whom
the company was shown 10 have loaned
S27O58 and did not know whether he
was connected with the BarnsdaIe Oil
company Of Indiana
Books Are Missing.
Charles s. White. assistant secretary
OF the Standard OIL Company of New
Jersey was called He said he held DO
sttions with various subsidiary companies
of the Standard Mr.. Kellogg asked the
witness to produce a list from the rec
Ords of the Standard Oil company Of New
York Of all stockholders voting at all
meetings from 1893 to 1900 and a list OF
ing; also for the same information con-
corning all the companies with which he
was connected.
Mr. White said the books of the Stand
ard trustees and liquidating trustees were
not in the office Of the Standard Oil
for the books, but was not able to find
them
Did you ask any one where the books
might be fOund?"
Il asked Mr.. TiIford. who was one Of
the lquidating trustees" replied Mr.
White.
What did he say?"
witness.
At this point adjournment was taken
until next Thursday.