The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1908-11-24
started Out With Interrogations About
the Method Of Stock Dlstribu-
ton and Owner Of
Shares.
ARCHBoLD TO BE CALLED
Rockefeller Could Not Remember Con-
tract With Another Company
in Which Profits Were
to be Cut up.

NEW OANAAB ANOV. OBSERVATION-DISCLOSURES
was called to the stand this morning
at the resumption of the Standard
hearing. Kellogg questioned the wit.
ness concerning the methods of stock
distribution. 1t is expected Rockefel-
ler's testimony will be completed to-
day. Archbold will be the next called
when Rockefeller's statements and the
previous statements of Archbold will
be used as base by Kellogg for con-
using the witness.
Rockefeller admitted he did not own
Ill of the 442,797 shares of the Stand
ard credited to him on the records of
tie corporation in 1899. He couldn t
remember how much he did own, he
said. kellogg shifted suddenly to the
policy of the Standard in regulating
the competitors production. He said
he knew Schofield. Schurmer & Tea
gle, operators of the refinery. Reply
ing to a question he said he could
remember no contract with them
made in 1876 in which they agreed
not to handle more than $4,000 barrels
of crude oil yearly, $4,000 each six
months, and that in return they were
guaranteed an increase Of $4,000
yearly and the Standard wSs to re-
ceive the excess profits of the Cleve-
land plant up to 100000, and addition
al profits be divided between Scho-
field, Schurmer & Tagle and the
Standard.
He said such a contract may have
been made but could not recall. KEEL
logg called the attention of the witness
to the injunction suit asking that Scho-
field comply with the conditions of
the contract
Il think we had litigation" said the
witness, but can't recall the condi-
t'Nn1 of the contract he said If such
an affidavit was made I, as president
Of the Standard, would have been the
person to sign it, then"
Then the witness took refuge be-
hind his falling memory and said he
did mot recall similar restrictive con-
traets with the Pioneer Oil company
operating in the Cleveland refinery.
He did not recall the other affidavits
in regard the Scofield contract.
Kellogg questioned Rockefeller
about the connection of Standard Off
Gals with the railroads carrying the
Standard products. The witness said
he could not speak only for himself,
but admitted he was a stock and bond
holder and director in {. number
of roads.
DO you own stock in the Wiscon-
sin Central?" was asked
Don't own stock but may own some
bonds" he replied
He said he owned a few Pennsylvan-
la bonds.
Question: Gould you name the rail
roads in which you are Interested"
Answer: Il am quite certain could
but presume those gentlemen from the
stock exchange back there tpointing
back of the court room) would think
mo foolish If / did so. have no per
sonal objectio to naming them, but
should prefer not to publicly an
nounce my investments unless order.
ed to do so. in which case should
Kellogg pressed the point and
Rockefeller said: Il have invest
ments of stock in the Delaware &
Lackawanna, New York Central
Pennsylvania Western Maryland, Mis-
souri, Pacific, Texas Pacific. Erie
frst preferred, Colorado & Southern
and a railroad in Mexico, the name Of
which ! can't recall off hand.
Question: Is it true are you a
heavy owner of stocks and bonds In
the leading railroads country?
Answer: "Yes, should say So.
4 have acquired bonded indebted
ness in number of railroads in con
Junction with other operators who are
IN the habit of borrowing money Oh
good security and am interested
stocks and railroads to a lesser extent
lhese stocks and bonds of railroad
companies were purchased purely fol
The purpose of investment and repre-
sent personal choice" Rockefeller
added.
lie declared in response to a ques
.lon that otler men we're more heav
ny interested in railroad than he
asked to name them, he said he could
not.
There must be a great many" he
said.
A