New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-11-26
ARCHBOLD SOLD AT 50.
ONCE GOT RID OF SOME
STANDARD OIL STOCK.
Company,s Property in OIL Refner1es
Nosp Valued at S57,6S9, 800
"Sdued Consumer, He Says.


John n Archbold. the stand yesterday IN
the government suit 20 dissolve the Standard Oil
Company, extolled the companys work IN inc
business world, showing its growth from small
beginning TO a giant trust. its expansion from
8 mere oil refner 10 one of the most complex
businesses on earth, by means Of maps, charts
and long tables Of figures He also said, with
look of self-accusation that back IN 1851 be-
cause of a slump in the crude oil production, he
had sold some OF his Standard OIL stock at be-
low par.
From map Mr.. Archoold under the direction
Of Moritz Rosenthei, counsel for the STANDARD
showed that 100 oil stations were controlled by
the trust in 1882; from another, looking Ike
one OF the epidemic exhibits OF the Health De-
partment. heavily sprinkled with minute red
spots. each marking a station, he showed how
the 573 stations were distributed IN ISVo'
They number over 1900 to-day.
These stations. Mr.. Archbold said, have saved
the consumer from the ''extortion OF the local
jobber" Exorbitant prices had been charged
before the introduction OF this system OF dis
t-ibution, Mr.. Archboid declared He showed
the growth OF the producing fields, with charls
with increasing black. horizontal lines.
These figures were from government report
soon 10 De published. giving the mineral produc-
of crude oil for 1905 in the United States was
I2e 4oS $50 barrels Of which the Standard In
terests produced 14052, lib, and OF which the
trust used in refining Ga 95s. 301 barrels Frank
s. kellogg the government counsel. wanted 10
know whether the whole quantity was USED In
the refneries, and Mr.. Archbold said 1t was.
Nr. kellogg believes that much more OF the total
production was used by the Standard in other
ways The vice-president OF the Standard be-
Iieved that the company used about 12.Ooo.Oou
barrels for refining in the last year In 1857
the total consumption Of the Standard was 49,
80. 5G3 barrels.
VALUE IN 1906. S57.6s956o 10
From tables prepared under his direction, Mr..
Archbold read that in 1882 the value Of the re-
hneries of his company was S17.0o0.0o0: in 1905.
so 6S9,560 10. He told where the rehneries
were situated, from this city to San Francisco.
These reffneries had been improved with the
newest machinery and often the buildings had
been replaced As an example. he said that in
1882 the Standard OIL Company purchased the
Atlas refinery at Buffalo for $4,000 In 1905 it
was valued on the books at S137s712 u. This
did moi include the real estate which worth
nearly 100000 more.
CAPACITIES Of reineries had been increased
many times and pipe lines had been extended,
until oil was pumped TO Bayonne from the
mid-continental fields. 1900 to LOO miles
away He was asked TO identify list Of the
by-products from crude OIL prepared under his
direction He said il made his head swim TO
look at it. Naphtha, which used to be run off
.nto creeks In the oil regions-"cricks." MI.
Archbold called tnem-was now one Of the most
profitable by-products. Then there were wool
stock. vaseline, shipped to every quarter Of the
world: candies. parafhns, coke, pitch, all I'M
rnensely profitable; in fact, he said, large pro-
portion OF the immense profits OF the business
came from them.
1t was romance of business, sprlnkled with
the dollar mark in It's every paragraph But
withal Mr.. Archbold ready with humor to
brighten the recital. A friend had predicted
great things from the mid-continental field. Mr..
Archbold had said at the time that he would
undertake TO drink all the oil found there. He
admitted that IT would be rather difficult mat
ter now The production. equals seventy thou
sand barrels a day. Biologists were ever ready
with advice regarding where oil could not be
found They never could tell, however, where Il
could be found, Mr. Archbold said with smile.
HOW ARCHBOLD WAS GOT"
Mr.. Archbold was late at the hearing. The
Standard OIL counsel were there ahead OF him
with great bundles OF charts maps and rec
ords He initiated his chief in bowling with
smiling serenity to nearly everybody in the
room There was Just big crowd Of spec
tators beyond the tables when the other
John D. was on the stand. That name and
initial have figured not little in the association
OF the two men. Mr.. Rockefeller saw the same
name and letter leading 10 his surname when
he went TO a hotel in an oil town many years
ago TO register His mission was to buy OIL.
There on the hotel blotter was the last sigma
ture, John D. Archbold. 81 barrel That
was an original way Mr.. Archbold had Of at
tracing the attention Of the many oil men who
frequented. the hotel. AS Richelieu said Of
D'Artagnan after their first interview, Mr.
Rockefeller said. Z must have that man." And
he got him.
The marketing methods in practice were
brought out at the beginning Of the hearing yes
terdav- Mr.. Archbold said that in 1882 the dis
tribution marketing OF oil were spssmodic.
The Standard decided that the future OF the
trade needed improvements.
1T often true that the local jobber IN the