Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1908-12-04
Government lnQuiStor Spends
Year in Vain Effort to Find
Out Purpose of Deals InvoI-
wing S22,000,000.
ARCHB0LD KNOWS NO
REASON FOR TRANSACTION
Standard Oil Vice Presidents
Testimony Concluded Hear
ing Of Trust Suit AdjournS
Until Next Monday.

IBy Morning journal Special Lensed wireI
New York, Dec. 3.--Efforts on the
part OF the federal counsel to obtain
information regarding the loans ag-
gregating $22.OCO.OO0 to p d. Trainor
by the Southern Pipe line, Standard
subsidiary, came to nothing today IN
the cross examination of John ID.
Archbold in the government suit to
dissolve the Standard oil trust For
over year Frank B. Kellogg. gov
ernment inquisitor, has pursued ev-
cry detail to find out the purpose of
these large loans, but tonight he APP
poared to be no nearer the solution
of the mystery
Mr.. Archbold said that he knew OF
no reason for the loans which, he
said, might have represented the adj
Iustment between refining companies
which Mr. Trainor supplied with oil.
Mr. Trainor. who Is connected with
the Standards pipe line system, had
previously testified that he did not
know OF the loans aud never received
the money,
with the exception Of few aues-
tons about certain exhibits which
win be placed IN Evidence later the
cross examination of Mr. AruhB6Id
was concluded today, when the adj
journment was taken untIl next Mon
day H. M Tilford president Of tho
Standard OH company of California,
and j. E. Montt, president Of the
standard OH company Of Indiana Will
probably follow Mr. Archbold on tho
stand, after whom William Rockcfel-
Ter win be called.
Much of Mr., Archbold's cross cx-
animation today had to do with re-
bates paid by the railroads In the
early days, lie took the position that
the rebates at that time were a mat
ter OF bargaining, In which shipper
strove to obtain the best terms,
The government counsel interrogat-
I'd the witness regarding evidence
given in a PENNSYLVANIA oil suit In
which A. j. Cassatt then vice presi-
lent of the Pennsylvania railroad.
estlfed that the Standard received
he larger rebate from the Pennsyl
ianla than any other shipper.
Mr. Archbold said he had no re-
collection of Mr.. Cassatt's testimony,
rhe vice president of the Standard
declared that his company was in no
way favored in the oil tariffs of tho
United states
When the hearing was resumed to-
lay. John y. ArChbold, vice president
If the company. testified that the
standard purchased the Pacific Coast
iii company Of California in 1900 FOR
,761.00O After that It's capitallza-
ion was Increased by successive
,tages to $4,000, ,00O In 1906, when
he name was changed TO the stand
,rd OF company Of California.
Regarding the loan of 100000 to
2 n. Barnsdall. Of Pittsburg, Mr..
\rchbold said there was no contract
Il the loan In the city. whercupon
Ir. Roscnthal. counsel for the stand
rd. said he would telegraph the
scrow holders la Pittsburg to mail
he contract to tho master OF the
caring for inspection.
Mr.. Archbold said that as far as
o. knew the Texas oil company WAS
ot under or controlled by the Stand
rd Tho TcNas company sold some
+ lis output. the witness said. to the
tandarl
Mr. Archbolds attention was called
, the cost of rchneries put into the
-ust iu 1SS2. which was siI.000.0o0.
his was the inventory value. said
IT, Archbold. who was then asked II
ie exhibits of the defense showing
,c cost of rennerics Ia 1905 20 be
.. 700. 600 wcro not gross costs in
cad Of cost less depreciation Mr.
rchbold said Il might have been an
.ror Of bookkeeping whereupon the
for both sides began an
of the exhibit
Mr. Arehbold said the first rshneries
the s.abuard were not built by the
iandard which early realized their
liuc in the export business and took
lem over.
MI Kellogg desired to know II Il +.
.as not q fact that In 1871. before
lc Standard was formed. the per-
autagc Of export and refined oil ~
rude productions was not greater
nan today when IL is only IS per
INT
II could not say replied the wit
ess Certainly. since then there has
,tn an immense production Of low
rade OH which Is not available for
shninV
Mr.. Kellogg asked the witness IL the
,evoe Manufacturing company had