The Montgomery advertiser., 1908-12-01
Standard Oil Hearing
 Is Resumed.
FORMATION OF THE TRUST
Inventory of Standards Plants De-
 seribed in Detail.
Mir. ArchbOId Said That the Formation of a Trust Was an Effective Form of Holding the Prop
 erty.

testimony today in the governments suit to dissolve the Standard oil Co. John D. Archboid, vice president oh~ the company. was questioned about the Villas. Keith and Chester agree ment of 1879.
 Mir. Archbold told of the signers of the agreement and of the property held by certain individuals for the benz eft of the stockholders of the Stand ard. All properties obtained were held by the trustees after the agree ment had been made. Mir. Archbold said the agreement made was a sim pie method, holding property in the | interest of a common ownership. Mir. Archbold told of the trust agree- ment of 1882 and said that all of the shareholders of the Standard and the beneflciaries of the Villas. Keith and Chester agreement signed the agree ment. Mir. Archbold said that twenty trust certificates were issued for each single share of Standard oil Go. stock The capital stock of the Standard was $3,50O. .000." said Mir. Archbold. but the plants and property were val ued at S70.00O,00Q."
 Mir. Archbold described in detail the | inventory of the Standards plants. property and all assets at the time of | the agreement.
 | All plants. generally speaking, after 1875, said Mir Archbold. were acquired 1 for cash. He then gave the reason trust, saying;
 Tt was done as a simple and effec- 1 tive form of holding the property. We l were advised by counsel that neither the Standard oil Co. of Ohio nor any 1 other corporation could eReStually or | tRA AFta which was widespread In many States | whose laws were restrictive of the rights of corporations. the trusteeship ! was suggested as a simple method Of bringing together the property ana form token of ownership which would have a market value and en- able the owners to have more enect- i've administration"
 | MT. Archbold testified that the Acme l oil Company of Pennsylvania was or- ganized to take over the properties or the interests of the Acme OH co. or I New Work. The Pennsylvania Com | pany was later liquidated, when the plants in Titusviue were destroyed by l Are. The vice president of the Stand | ard told in detail. the organization and purposes of many subsidiary com panies, which were parties 10 the lss1 | Agreement, and of the subsequent h- 1 ouidation and disposition of these
 The various properties of the stand ard Oil Co. of ohio, that were turned into the trusts were enumerated Dy | Mir Archibald Other minor companies y.,hoza atock was controlled by Stand- ard interests and were parties to the l Agreement of 1882 were described oy | Mir. Archbold Recess was then takeh'
 MT. ArchboId continued after re- cess his testimony regarding the or. | oanization and disposition of minor OH I | heId hv trustees for Standard inter. l ests. had been parties to the trust | of this evidence on the record con | sumed much time. MT. Archoolq salo | that the stock of the Waters-Fiere ,s Comnany. which had been owned oy eLa sta15ard. had been transferEed to inc Waters Pierce oil Company ana Tsa now owned by that company.
 statement was offered in evidence .,S,ine names of all companies now owned by the Standard OH Co.' snow tng the date of organization and the s lns s Hs In capitalization as well as tbs 1roperties owned by the com" pah's Tvco Companies Formed.
 Mr. Archbold said the trustees or the standard oil trust after US org&ni1A- ston formed the Standard o.l compa- M Mt'o"' aS New York and New Jersey to HoI5 nropertIes which had previously noan beld by Standard interests.
 Tha witness said the Standard Com
 of New York and New Jersey pa,s ars stil1 the same companies as these sorn1Ad in 1882. The capital stock of he Standard oil Company Of New Jer- sev was $3OO0.0OO in lSS2. but in- oesa ssd in 1892 to t10,0Oo,o00 and in 1so9 to Si10. 100000. of which $lo.O0o.- 900 was preferred. saij that the trustees of the Standard oil trust organized and developed many companies with money obtained from the trust Some of the companies roentioned by Mir. Archbold were the solar Refining Company, the Standard On Companies of Kansas and Indiana and the Union Tank line.
 MT Archbold said the Standard met with competition In the oil markets in the world and submitted in evidence | a statement showing the names of | competitors of the Standard outside of 1 the United States. There were 400 l comuanies competing with the Stand ara for the worlds market. said MT, Arch hold, and of these the capitaliza- tion of 25S companies was not known. The total capitalization of 147 capital ized foreign companies was x2T4s1o,- Is5. Of the total amount of illuminat- jng oil rehned in 1906 by the Standard. Mr. Archbold said that 63 per cent was gold abroad and s7 per cent sold at
 MT. Archbold told of the difficulties in the introduction of refined oils abroad There was much competition from oil interests of the Dutch Indies. said Mir Archbold, and the task of maintaining the business l9> the Orient was very dificult.
 ''our state Department has helped us much" said MT. Arch bold. Tn fact we have been better treated with refer ence to our foreign business than with our business at home"
 There Is hardly port of the world" said MT Archbold that the Standard does not reach with it's pro- duets" He said that the Standard was putting in every effort to reach tho consumer in the orient. There are l2S independent competitive reineries of oil in the country. said Mir. Arehbold. An adjournment was taken until to. morrow.