The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1907-07-11
slss,s00,0Oo IN 8 YEARS
Vast Earnings Of Standard Oil Told
of on Stand.

chicago Especially With John ID.
Rockefeller as the central attraction
and other officers OF the Standard
OIL Company as satellites, distinct
progress was made Saturday by
Judge Lands In his efforts to dis
cover facts upon which to base the
amount of fines to be imposed upon
the Standard Oil Company of Indi-
ana, convicted of violating the law.
Judge Lands brought out from
Mr.. Rockefeller and the testimony of
the four other witnesses-Frederick
A. Ward, Harry Il. FELTON,, e. NJ
Stanton and Charles NJ. Pratt-infor-
nation which IL is believed shows
conclusively that the parent concern
is liable for the acts of the convicted
Indiana corporation, and such fig-
ures as to assets were made known
that lawyers and others who heard
them thought no great hardship
would be- incurred II Judge Lands
sees fit to assess the limit fine of
$29, 1000 on the ,462 counts, in
stead of the smaller limit fine OF
81 ,462 900.
The examination was attended by
the most remarkable demonstration
ever seen around a Chicago court,
the curiosity OF the people to see the
richest man in the world" nearly
carrying them beyond all bounds.
Two hours before the trial began
the corridors of the Federal Building
were thronged with people of all
walks of life Every ascending ele-
vator was crowded with people, who
disembarked at the sixth floor and
stood about the hallway leading to
Judge Landis' courtroom. As the
hour for opening court approached
the crowds increased, and the efforts
OF the United States marshals and
their deputies, together with the blue
coated policemen, were taxed to the
utmost to keep the crowd in check.
Declared Himself Ignorant.
Mr.. Rockefeller was an apparently
willing and an equally unsatisfactory
witness. We was ready to tell all
he knew, but he said that he knew
practically nothing.
The corporations counsel fought
every step with all their might, but
the Judge was not to be deferred
from his purpose. Although Mr.
Rockefeller proved M unsatisfactory
witness, in that he could not give
definite answers, the Judge did man
age to pin him down once or twice
to answers which contributed to the
sum total of information the Judge
desires.
But from the other witnesses more
detailed information was obtained,
and when the trial had adjourned
for the day these facts had been
sifted from the answers:
The Standard Oil Company of
New Jersey holds S499,50Q OF the
81 200 worth of the capital stock
of the Standard OIL Company of In
diana.
Outstanding capital stock OF the
Standard Oil Company of New Jer-
sey amounts to $98,300,000.
Net earnings of the Standard Oil
Company of New Jersey for the
years 1908, 1904 and 1905 approxi-
mate $199,800,000.
Dividends paid on the capital stock
of the Standard OIL Company of New
Jersey during those years approx
mated 40 per cent. OF the amount of
the stock, or nearly $40,000,OOO.
Standard Oil Company of New
Jersey holds "by far the major por-
tion" of the stock of the Union Tank
Line.
Union Tank Line Company, with a
capital stock of $3.500,000, is $5,-
100000 in debt and has paid no divi-
dends since 1901.