The evening world., 1908-11-30

MIR Archbold identified the list of sig
natures on copy Of the agreement, say
ing the names signed there were. tn,
in the Standard Oil Company Of Ohio
villas. Keith & Chester as trustees
carried the titles TO all the properties
concerned between 1879 and 1852, when
formed, " explained Mr.. Archbold.
Hence the name"
Why was that first agreement
made
| at seemed TO us 10 be a simple plan
| OF holding the properties and interests
that had been acquired by this common
/ ownership.
/ Previously the various properties had
been held IN various names by various
/ individuals"
Who signed the 1859 agreement which
succeeded the Villas Keith & Chester
! agreement"
AN the shareholders of the STANDARD
OIL and all the beneficiaries OF the first
agreement. Practically the parties were
the same who signed the first one. We
for each certificate Of stock in the
standard Oil"
why twenty for one?"
Because that represented n fair basis
of exchange. The capital stock Of the
company was only &c. 10000. whereas
the stocks of the various concerns in
the agreement come TO total OF s7o,-
100000,
What did the properties amount to,
according TO inventory"
Real Value s7o.ooo,ooo.
AS recall the book value was about
$4,000 900 while the real value was
about $40. 600, 900"
This testimony was brought out as an
offset TO the government claim that
in the original S1O,Wc0m capitalization
of Standard, OIL. about slS0Oo,ooO was
watered and the remaining Sc or 81
millions represented the actual Value
Mr.. ArChbold went on To say that OF
the s56, 100000. about SSO0oO,000 repre-
merchandise, refineries, factories and
warehouses.
When asked why the 1882 agreement
was formed Mr.. Archbold said 1t was
its interests were scattered through
several States the Jaws o. which In
many cases restricted the output"
Up TO 1889 or therea bouts.' he con-
tinued, there had been no final plan de-
ter7nined upon for the conduct OF the
business. the various plants going along
IN their individual way. So we gathered
them together for the common better
ment OF the business"
Mr., Archbold was questioned at
length concerning the purchase by the
Standard. through the Atlantic REIN
ing Company, of the Acme Oil Com
pany, of Pennsylvania. He declared it
was perfectly legitimate transaction.
Following this Mr.. Rosenthal qulzzed
the witness about the various ref!neries,
factories and docks which went into
the combine Of 1892
An astonishlngly large number of the
outlying plants in New Jersey, Ohio,
PENNSYLVANIA and other States. had. IL
developed. been discontinued and con-
solidated with larger concerns at Pitts
burg, Cleveland and other main dis
panies which the Standard bought up.
IN pursuance Of its benevolent ass!mIla-
ton policy. were liluidated.
Just "Liquidated."
Mr. Archbolds usual answer was:
This company ceased to exist-it was
liQuldated.
a goodly proportion went into the At
principal feeders of the octopus, having
large factories at the present time in
Philadelphia, Pittsburg and Franklin,
memory than Mr., Roc efeiler had re-
garding. the taking in OF the Camden
fineries at Parkersburg W. Va. and
Raritan, Maryland. which was included
in the first and second trust agreements
and subsequently merged into the
Standard OF! Company OF New Jersey.
II was evident from Mr., Rosenthal's
line LIN of investigation that he meant to
plastering up the gaps in the defense,
that had resulted from Rockefeller's
faulty recollection of nearly every i'm
portant detail of the business which he
founded and fostered.
A Wonderful Memory.
Mr.. Archbold showed a wonderful ac-
quaintance with the almost countless
details which marked the various steps
swallowing-up Of the smaller concerns
which the Standard Oh eventually
gohhled down whole. Nine times out OF
ten the process as described by Mr..
formed the company STANDARD OH
creased It's interest; standard on &C.
qulred the remaining stocks, liquidated
dated the works with some larger
plant This formula was varied only
where STANDARD oil interests had
hand, as they frequently did, in the
other OF the subsidiary concerns
Dates, names, addresses and amounts
were at the tips OF Mr. Archbold $
tongue, Rarely did the plump little
man on the witness chair have need TO
Icy at his elbow, except FOR conhrma-
tlon Of something he had already
described from, memory. ~
Mr., Archbold started off the after
the s'PfFT ' ProYc q Co g he
Producers Land and Petroleum Com
p9ny and SiEnai on o32mpenS on
started ln 1879 ny acquirlnp a small in
terest later taking over more Of the
stock, and finally acquiring entire own
Nj Rosenthal was particular 10 bring
out that the standard on already
owned a strong or controlling interest
In every concern that went intp tie l".
agreement, ana IN that year II gener-
ally bought up altogether the. stoc@s u
these various corporations. The period