The evening world. [volume] (New York, N.Y.) 1887-1931, 1908-11-19


this way hut 1t was worth it, 1t saved
a great deal of oil from going down on
Greek into the river"
Mir. Rockefeller sought TO emphas sire
the fact that his company Lad shown
great and comnendabie enterprise In
buying up all the pipe lines BY repeat
ing several times that the Standard Oh
investments in pipes and tanks had
been Of great benef: to the oil lnterc-..
The little pipe line companies were pix
ing along gathering the oil by the cup.
and spll!nE one cup to every cup
caught. The standard created a system
Of biz pipes and tanks that caught the
oil by ide $4,000 gallons and KEEP every
drop 81 1t. The wells were watched
day ana night
In YOUR testimony" said Mr.. Mil
burn, You said we. Who do you
mean by we"
The stockholders OF the Standard OIL
Company OF Ohio"
Where was the money for these In
yestmen;s taken from"
The money was taken from the com-
paHy. Instead OF dividing the money.
We used Il. We Invested it,
critics had been acqured?"
Yes. good many properties"
There was good deal of stock out
standing, stock of The Standard Oil
Company OF Ohio:"
Yes. There was a good deal OF stock
outstanding
Attorney Milburn showed Mr. Rookie
Teller a document involving the acquisi-
tons of the various properties Standard
oil had acquired
Putting on his nose glasses, the wit
ness read the typewriter paper with
great delih-rateness, going over each
line with shaking !oreanper and
his lips as he read.
Finally NJ. Rocket said that the
document vas the original. ard bore
his signature as president OF the stand
ard Oh Company o: Ohia, and also the
signatures of the stockholders Of the
70 npany. likewise the signatures o. the
indy duals VINO had sold properties 10
ne Standard OF. Company.
The document was the first trust
agreement of the Standard Oil Com
pany and made the law firm of
Chester Keep Il Villas as trustees OF
the combined properties, holding in
trust Tor each shareholder has proper
tionate snare as stated In the paper.
mo company then had u capital of
81, 5000
Next Mr.. Milburn brought out
bound volume OF the Government Pc
luton In the suit against the Standard
Oii. anu pointed out that trust agree
tneht or lSS2. The s!sners OF that agree
ment were AL stockholders OF the ONO
company.
Mir Rockefeller wa. asked to recall
a contract between his company and
COMPANY asreed to turn its Weehawken
yards as oil terminals over to the
sta ndard whenever requested TO. He
re.nrinoefe such a contract. and also a
Central.
do you recall the reason for such a
contract?' was asked.
We were handling large quantities
had the oil They wanted competent
to handle the oil. &c,
and we were the best men to conduct
the business -
Mr. Rockefeller explained that in
those days, when oil was transported
largely in wooden packages. 1t was
necessary on arrival of the oil to take
barrels. shorten the hoops. seal it up
again, glue it and load il on the ship
This was our business" he ran on.
ard the railroads chose the proper per
sons in us to DO the work"
1T was necessary in the case Of your
own shipments TO 90 this work."
Another r. r. Contract.
Another transportation contract was
referred to. involving the Pennsylvania
Railroad. the Erie, the Lake Shore. the
Great Western Railroad and the Allie
gheny Valley Railroad. This contrac
l. nr sab h,s ka.
standard Oh, mentioned in the contract
as dra" backs, or refund Of u cents 4
barrel. Asked about this drawback Mr..
ROo hef.lleT said
rehHels 8. different points we're to have
tle sane rates IN the shipment OF oil u
the, Sesooard. Roads thai lad pipes by
"4!Gh ne Grade oil was distributed
~ the, pipe lines kept the.r rates Che
drawback was received But Il tho pipe
lines did not keep Their agreed rae.
then no drawback was allowed by the
railroad.
The agreement or contract" finally
explained tie witness. pouadng the TIA
lie with re Hat Of Las hand and be-
coming mildly excited, was entered into
for TIE purpose of preventing intcrfer-
cnce WITH The carrying out OF tie idea
that each point should b. kept on the
same basis in the frsight.ng OF Of! to
ne sea !oarG. That .Nes my Idea OF tie
as Scott, OF the Pennsylvania Railroad.
wanted 10 wipe out Cleveland as a dis
tribuiing point, The contract was to
prevent that.
However | am not frolsht man
! have not been engaged IN that way
Tor tA!rty years. but as ] recall IL The
agreement was TO make IL fair and
easSer for every shipper Of crude OF IA
Iet his product TO the seaboard without
discrimination"
1t ( clock Mr., MIlburn announced
that the defense had nnished the direct
examination Of Mr.. Rocketeller
Nj KriltrE, for the Government, an.
noGurei inst he would not start ~,
crors-o AGmnat.on Of the witnes. unit
Tomorrow morning,
Referee FoGr!fs was about to take 2
short adjournment, but decided instcaI
% adjourn the hearing then, until TO,
morrow morning. which was done.
f trials"