Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1907-09-18
Amazing Figures Made
Public at New York
Hearing.
DIVIDENDS CONFUSE
Common Ownership of Stock
of Several Subsidiary Con-
Germs Made Clear.

New York, Sept 1S.-Profits of more
than 1000 per cent per year are made
by the Standard Oil company of Indi-
ana, the corporation sentenced to pay
a fine of $29,240,000 by Judge Landis
in Chicago. The company's profits for
1906 were $1O,51G,OOO. In 1903 they |
were SIS, 753, 600, and the total for the
two years business was $19,2G9G0O.
The Standard Oil company of New Jer-
sey owns 1890 shares of the Indiana
company's stock. The Indiana COM
pany is capitalized at $1,0O0,O0O.
Not Half In Dividends.
The dividends paid by the Standard
Oil company of Indiana last year ag-
gregated S4,495 900, a little more than
$6,00O,000 less than the profits.
The figures were presented today in
the federal proceedings against the
Standard Oil company of New Jersey.
The statement as presented shows the
profits of the Standard of Indiana were
greater than the profits of any other
company whose figures were given eX-
cept the Standard Oil company of New
York. The dividends and profits of
the 1G other subsidiary corporations
were given.
Tells OI Ownership.
When the hearing in the govern:
ments suit against the Standard Oil
company was resumed today Clarence
G. Fay, assistant comptroller of the
Standard, was recalled. He was ques-
Pratt Investment company. He sail
the income from this source in 1902
was $137. 400 and that money was paid
over to the Standard by c. NJ Pratt,
who yesterday testified he held stock
in the Waters-Fierce Oil company of
Texas for the Standard and that the
Standard company neld stock i'll the
Pratt Investment company in lieu Of
Waters-Pieree Oil company stocks.
Profts Made Public.
New York, Sept. 1S.-In eight years,
from 1899 to 1906 the profits of the
Standard Oil company of New Jersey
reached the enormous total of $i9j .
315,934, the average annual profit be-
ing SCI ,000,000
359, ,403, or mOc3 than S3S, 500, 900 each
year, was distributed among the share
holders.
The capital stock of the cOmpan :
is $98, ,33S 1882 Between 1899 and 1905
the assets of the company grew by
leaps and bounds from 5000, 791, ,523 ID
1871 ,664,531
The Standard Oil company of New
Jersey owns 1890 shares in the Stan /
ard Oil company of Indiana, recently
fined $29,400000 by Judge Lands. 1t
is the parent company of all the sub
sidiary concerns in the oil trust.
brought Out mt Hearing.
The revelations of the stupendous
profits of the Standard Oil company
marked the beginning of the hearih.;
here yesterday of the federal suit for
the dissolution of the trust, which
Frank ID. Kellogg is conducting as spT-
cial prosecutor for the government. II
is the first time the actual profits CT
the oil trust ever have been disclosed
Financie:s and those seeking knOwl-
edge of the profits of the STANDARD
Oil company have striven vainly to
obtain the figures which Mr.. Kellogg
succeeded today in placing upon the
record of the court.
VIII he Used mt st. Louis.
The evidence gathered here by Mr.
Kellogg, special prosecutor for the
government will be introduced in tbs
st. Louis suit, which was brought
against the Standard Oil company ol
New Jersey and 20 other subsidiary
corporations by Attorney Genera
Moody to secure the dissolution of the
trust for violation of the Sherma'
act. The hearing was set In New
York because of the proximity of thu
central office of the Standard and th'
immediate availability of the book
and records of the concern.
Imposing Array of Counsel.
For the Standard Oil company ap
Deared John G.. Milburn, chief coun
sci. who represented Mr.. Hartman
in the recent investigation into nj
railroad affairs in this city; M. r
Elliott, general counsel of the CON
rany: John G.. Johnson OF Philadelphi
and John s. Miller of Chicago.
Assisting Mr.. Kellogg were Charlie
b. Morrison of Chicago, who .pr'
pared much of the Indiana cas-
against the Standard company Will
an assistant in Attorney Generl