The star and Newark advertiser. [volume] (Newark, N.J.) 1908-1909, 1908-11-23

whether the brothers of Josiah Macy
operated the plant of the Devoe Com
pany for several years after the Stand
ard bought it, Mr.. Rockefeller said that
he assumed that the organizers of the
Devoe Company continued its opera
ton. 1t might have been true, he said.
that Mr.. Carley operated the Chess.
Carley Company after the Standard
had bought it.
Mr.. Kellogg asked whether John Pit
cairn n MIR. Vandergrift. of the I'm
perial Refining Company, did not con-
tinue as managers of the Imperial after
II was purchased by the Standard Oil
Company.
1T think the business was conducted
in the same manner" said Mr.. Rookie
Teller.
More Assimilation
The witness said that after the Stand
ard OIL Company purchased Warden,
Frew & Co., and the Atlantic Refinery,
of Philadelphia and Pittsburg, Mr..
Warden, Mr.. Frew n Charles Lock-
hart became stockholders of the Stand
ard and continued in the management
of those companies. He could not re-
call whether the stock of the Standard
was exchanged for stock of the Atlantic
Refining Company.
"Who controlled the Standard Oil
Company of Pittsburgh" asked Mr.. KEEL
losg.
Mr.. Frew and Charles Lockhart.
There may have been other stock
holders"
You bought stock of the Standard of
Pittsburgh"
Yes, the same as we did In the
transactions with the Philadelphia in
tereets."
"And Mr.. Frew and Mr.. Lockhart be-
came stockholders in the Standard"
"'Yes."
what basis of value did you take in
connection with the Charles Pratt &
Co.g ="
Gave stock in Return.
I'VE figured on a fair valuation. We
gave stock. In the case of Warden,
Frew g. Co. we also rave stock In the
Standard, as In the case of the Stand
ard Of Pittsburg."
"The Standard of Pittsburg continued
in operation after its purchase as an
Independent company"
II think So"
Mr.. Kellogg called attention to the
purchases Of Porter, Moreland & Co.
and Bennett, Warner g. Co., together
with Easterly and Davis and John
jackson, and asked Mr.. Rockefeller IL
he did not purchase them. The wit
ness said the Standard Oil interests
bought Porter. Moreland & Co.. and
Bennett, Warner & Co. and conveyed
1t to the Acme OIL Company.
oDo raca1I Mr. testi.
mony In 1879 In this Slater"
mo"
Mr.. Kellogg then read from Mr.. Arch
that the Acme Oil Company was an
owned, controlled or affiliated with the
Standard.
WAS the Acme OIL Company an in
dependent concern In those yearsY"
1.-THE stock Of the Acme was held by
several gentleman"
Counsel for the defense objected to
a legal question whether the Standard
controlled the Acme or not.
Evasfve About Acme.
WAS the stock Of the Acme ac-
quired In the same manner as the
Standard Oil Company Of Pittsburgh"
II could not say"
What became of the stock of the
Acme OIL Company o. It's organiza-
tion?"
1T was held by individuals, l should
say Mr.. Pratt, Mr.. Archbold and Mr..
Frew. and held until 1t was turned
over to the trustees. Villas, Keith &
Chester"
Whom did the individuals hold this
Acme Oil Company stock for?"
For the benefit of the stockholders
of the Standard OIL Company of Ohio,
with the exception of some shares for
smaller stockholders. I should say that
s225, 900 out Of $30o.0o was held for the