The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-11-25
NEW WITNESS PROVES
MINE OF INFORMATION
ArchboId Tells of the Fights by STAN
dard Oil Company In Its Effort To
Control Business With a Great
Deal of Satisfaction.

New York. November 4.-Closng his
testimony today in the federal suit to dis
solve the Standard Oil company, John ID.
Rockefeller threw some unexpected light
on the popular question into what cham
neIs of investment he turns his tremen-
dous earnings from the oil combination.
Mr.. Rockefeller was loath to state the
names of the railroads in which his in
vestments were made. but did so after
entering into this objection. The head of
the STANDARD Oil trust declared that his
holdings in railroads consisted chiefly
in bonds and that with the exception Of
, few roads in which he held only small
amounts of stock. he preferred the bonds
as a. form of investment. Mr. Rockefeller
appeared delighted that ,his ordeal as
witness was over and hurriedly left the
room when counsel excused him.
Mr. Rockefeller said that he did not
think that he should be made to tell the
form of his investments, declaring that
the gentlemen over there in the stock ex-
change might not like it very well. After
some legal contention by counsel, he said
he held stock in Delaware. Lackawanna
Pennsylvania, the Western Maryland. the
Missouri Pacific, the Texas Pacific and
the Colorado Southern. He said he owned
no shares in either the Union or the
Southern Pacifics. He said he opposed the
keeping of millions of dollars of surplus
by the Standard.
Archbod On Stand.
John d. Archbold. vice president of the
Standard. proved mine Of detailed in
formation under the direction of tic COM
pany's lawyers, describing the early pro-
duetion of crude oil and the development
of the pine line system Mr.. Archibald
likely will be on the witness stand for
several days He gave his answers in
short brisk manner and seemed to possess
every detail of the Standard Oil busi-
ness.
Mr.. Archbold beamed with satisfaction
In telling of the Standards early history.
His clear blue eyes twinked when he told
of the Industrial fights, saying that he
kept careful watch on his competitors,
and then tried to beat Them Fairly
short of statue. Mr. Archbold's well-knit
figure was of compelling animation as he
sat in the witness chair. He turned from
side to side as if to watch each individ-
ual spectator in the room and every line
of his smooth-shaven face showed that he
was keenly alive to every development of
the proceedings. 1t is not unlikely that an
adjournment will be taken tomorrow
night until next Monday.
Rockefeller Is Late.
For the first time since he has been
on the witness stand at this hearing Mr..
Rockefeller was little late In arriving.
Frank B. Kellogg, the governments spe-
cal assistant attorney general, resumed
his cross examination, taking up the Or
ganization of the Standard Oil company
of New Jersey where he ended it yes
terday.
Mr. Kellogg read what he said was a
list of stocks obtained by that company
in 1899 for which it had exchanged its
own shares. He said that 442,797 out of
a total of 983, 1888 shares first issued were
in the name of john d. Rockefeller.
Mr. Rockefeller said he did not own
SO much stock as that but did own 1885,
S54 shares of the Standard Oil company
of New Jersey at that time and that he
accepted the other stock and distributed
1t to the proper stockholders. He added
that frequently holders of certificates of
the Standard Oil trust exchanged them
for stock in the Standard Oil company
of New Jersey rather than accept shares
of the various subsidiary companies.
II turned over my trust certificates to
the liquidating trustees" said Mr.. Rock
efeller, "and obtained paper on which
secured shares in the constituent COM
panies which turned into the Standard
Oil company of New Jersey"
Mr. Rockefeller declared he had not
acted as an attorney for any one In this
process of liquidation.
Mr.. Kellogg stated that Henry M. Flag
Ter at first received 2S,OO0 shares and
later 10, 43O shares additional Mr.. Rookie
efeller said he thought Mr.. Flagler did
not own any such amount OF stock, but
he could not say whether he accepted
1t for purposes of distribution.
Asked About Contract.
Mr.. Rockefeller was asked if he entered
n contract with Schofield, Schurmer &
league in 1876 whereby the firm agreed
to limit the business of its refinery in
consideration of certain payments by the
Standard
Mr.. Rockefeller replied that such a con-
tract had been entered into but he did
not recall its provision.
"Did the Standard bring a suit in Ohio
In 1880 against Schofield, Schurmer &
Teagle to prevent It's refining over $1,000
DarreiB Oh cTuue OIL IL year anu 10 pre-
vent it's acquiring an interest in Buffalo
refinery"
'"rhere was some litigation about the
refining of oil. I recall nothing about the
Buffalo refinery
did you not personally make an appli-
cation for an order restraining them from
exceeding their production limit and to
prevent them building a refinery in Buff
falo?"
"As president of the Standard 1t was
proper for me to sign such AN affidavit
about the production being exceeded by
the company"
Don't you recall that In the answer
Schofeld, Schurmer & Teagle made they
set up the claim that the Standard was
trying to obtain a monopoly of the re-
fining business in Ohio and that this
agreement was part of the conspiracy to
such an end?''
II could not state from my recollection