Evening journal., 1908-11-30
ARCHBOLD
ASA WITNESS
Hearing in Standard Oil Case
May Not Be Ended Until
February
MAGNATE TELLS OF
STANDARD OILS GROWTH

BY United Press Leased Special Wire.
NEW YORK. Nov. @.-John d. Arch
bold, vicc-president OF the Standard OH
Company, OF New Jersey. resumed the re-
citai Of the oil trusts marvellous growth
this morning In the hearing Of the federal
dissolution suit directed against the cor
poratIon. which assimilates the earnings
Of more. than seventy subsidiary COM
panes.
The witness and counsel for both prose-
cution and defense as we'll as United
States Commissioner Ferris appeared
much refreshed after a vacation Of four
days.
shortly before the opening OF court the
first ntimaton was gained Of the length
Of time the hearing is expected TO cover.
Commissioner Ferris explained that he
would not be surprised n IL was con-
tinucd well into February next with a few
adjournments save during the holidays.
The federal prosecutor Frank B. Kel-
logg is piling up what he believes TO be an
lnsuperabe wall of criminal evidence
against the dominating clique of Stand
ard oil, and despite the hint OF immunity
circulated at the instlgation Of the defense
he will endoavor to write into the archl-
YES OF the Department Of Justice trial
OF wrong doing that will insure the popu-
larity of a criminal prosecution.
The first question asked by attorney
Rosenthai In resuming the direct oxamina-
ton OF the witness paved the way for
an eiucldation OF Archbold's Innocence"
in Connection with the formation OF the
trust agreement OF 1889.
John D. Rockefeller had testified that
Mr.. Ardhbold, II. II. Rogers and $. c. r..
Dodd organized the gigantic scheme
which ushercd in the era Of trust mergers
and consultations
The witness declared that Trustees
/ Villas. Kieth and Chester Of the then
stockholders OF tho Standard oil Company
Of Ohio, and its allied institutions, were
the only signatories 10 the trust agree
mont Of iSS2. The dissolution OF this agree.
ment by the supreme court OF Ohio result
ed in the organization Of tho standard OF
i Company. Of New Jersey the defendant OF
trial and The transfer Of .ail stock cert
hcates to the latter organization.
'ii"9HiuNh dh record OF That trans
action already burdened the voluminoul
estimony adduced in the present hearing
reputable corpoperato on counsels ar,
predicting that similar substut,
would follow the dissolution Of the OF
trust as 1 now exists. So far the stand
ard OIL Company Of New Jersey has moi
ben shown as the possossor OF tangibl,
assets other than the certificates OF
stock Of 20 odd lesser corporations.
Attorney Rosenthal succeeded I'm draw.
ing from the witness statemtnt that
the pipe line industry represented ST..
100000 OF the s59O00O0O In stocks and
assets controlled by the parties to IN,
trust agreement
The trusteeship" said Mr.. Archbold
was decided upon as the simplest ans
most economical means OF maintaining
and administering oversight OF the as
sets and business OF an industry operat
ing I'm many states. several Of which
b we're restricted IN their views OF tn,
rights Of corporations"
This means" he continued supple,
the added benefit OF establishing owner
ship in the corporation that had beoi
taken over by the trus. agreement Prlor
Continued -, Cs.,r...a r,..---