The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1908-11-24
ROCKEFELLER DOES
NOT CLAIM CREDIT
Continued from Paqe One

|
purchased by the Standard. and he said
ne believed twenty to twenty-five. con-
Germs were bought in Cleveland
| tionl'' - 0pe-e
~ could not say
mantled7"
| 'The smaller ones were used in conf
struction and the larger ones were conf
| nected with our plants.n
Wiping Out Competitors.
Mr.. kellogg called attention to thd
purchase of Porter, Moreland & Col
and Bennett, Warner G. Co., togetheJ
! WITH Easterly C Davis and John
Jackson, and asked Mr.. Rockefeller
II he did not purchase them
The witness said the Standard Oil
Interests bought the property of Porter
Moreland Co and Bennett. Warmer
d Co. and conveyed it to the Acme Oil
company.
t'Do you recall Mr.. Archbold' tes.
timony in 1879 IN this state''
MI Kellogg then read from Mr..
Arehbold' 9 testimony. in which he
an independent oil company, and not
owned, controlled or affiliated with the
Standard.
"Was the Acme Oil company an in.
dependent concern in those yearss'
The stock of the. Acme was held
by several gentlemen. -
Was the stock OF the Acme ac-
CURED IN the same way as the Stand.
ard Oil company Of Pittsburgh
could not say
What became Of the stock of the
Acme OH company on its organiza-
"It was held by individuals, 7 should
say, Mr, Pratt. Mr.. Archbold and Mr..
FreW. and held until it was turned
OYER to the trustees, Villas, Keith and
Chester
Whom did the individuals hold
this Acme Oil company stock for7"
Held By the Standard.
NFor the benefit of the stock
holders OF the Standard Oil company of
Ohio, with the exception Of some shares
for smaller stockholders. / should say
that $225,000 out OF 100000 was held
for the Standard -
Mr.. Rockefeller said that the Acme
Oil company undoubtedly was operated
as an independent concern until after
1882. and that John D. Archbold man
aged il for time. He did not know
when Mr.. Archbold became stock
holder in the Standard. He had moth
ing TO do with the negotiations for the
purchase of the. Americap Lubricating
Oil company and the Mica Axle Grease
company of Cleveland, but thought that
none of the members Of those COM
panies became stockholders In the Stan
dard. Whatever stock in the Empire
Transportation company was owned by
Some and Fleming was purchased by
the Standard but Some and Fleming
continued TO operate as an independent
concern. The witness said he thought
the stock of the Camden Consolidated
Oil company was purchased bv exchange
of stock with the Standard Oil, and
stock OF the American Transfer COM
pany was obtained from j. A. Bostwick
in the same manner. The Standa ard
also secured stock Of the United Pipe
Line,
The trust agreement of 1879. Mr.
Rockefeller said, was made for the
purpose of holding those stocks for the
benefit of the individuals for whom
they had been acquired.
Appeared to Be independent.
Mr.. kellogg asked whether these
stocks were held for the Standard or
for individuals. and Mr.. Rockefeller
said he should Judge that the Standard
Oil company held the certificates, All
the companies were managed hy their
own managers, and each was doing an
independent business.
"The agreement provides that the
individual owners said Mr.. Kellogg.
''Tt turned them over to the Stan
dard Oil trustees, - replied Mr., Rookie
feller.
,-,1ylY "Who got up this Standard Oil
II should say that Il. NJ, Elagler and
s. c. T. Dodd should have tho credit.
am sure IL was not |. | am not SO
learned in legal matters as that. I do
not claim any credit, for Mr.. Flagler
and Mr.. Dodd should have full credit. :"
Mr.. Rockefeller said that the various
companies IN the Standard Oil trust
agreemeuJ which was made in 1855
were managed as separate and indie
pendent corporations
Recess was then declared, and one Of
the reporters handed TO Mr.. Rockefeller
the following written question;
"Do you think you should receive
immunity from prosecution because Of
your testimony In case proceedings aro
brought later?'
NGr Rockefeller leaned over as if to
whisper 10 tho reporters, and said in
L loud tone:
''Please tell them am not in.
Are you tired Of the examination" :"
! he was asked.
..It does not pay 20 complain. One
will live longer and better if he does
Wealth Of Combine.
After the recess Mr.. Kellogg began
questioning Mr.. Rockefeller about the
trust agreement OF 1882 and about the
ownership OF the stocks held by this
trust. Mr.. Rockefeller said that the
total value OF the tbirty.nine corpora
lions included in the trust was ap-
| proximately S70,000.000, and that eacn
! Of the stockholders named in the trust
agreement received certificates for the
amount OF stock of subsidiary COM
I panies which he owned. Mr Kellogg
! said that efforts We're made by tho gov
| elnment last year to secure possession
| of the books showing how these certifi-
Gates were distributed, aud asked Mr..
| Rockefeller TO make search for them
! and also for the stock ledgcrs showing
/ transfers of stocks.
Mr.. Rockefeller replied that he would
do ANYTHING ho could. but that he did
| not know where the books are, He
! said that the STANDARD Oil trust was
! dissolved in 1892 in obedience to an
| order Of the Ohio courts, A majority
! of the stock held by the trust was dis,
| tributed to the individual stockholders.
but the trustees continued TO hold a
! large number OF shares which were not
| 1. nj first