New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-12-02
MR.. ARCHBOLD UNDER
LIVELY CROSS FIRE
ASKED ABOUT STAND4RD
"SECRET COMPANIES,
Denies Kno5cIedge Of S2,70O,0O0
Mcdonald Loan and of DeCei-
opmcnt Syndicate.

TIRE suit 20 dissolve the Standard Oil Company
now on before Franklin Ferris, the federal ref
cree in the Custom House. tried IN vain yester-
dsv 10 get John n. Archbold the vice-president
and acting head of the company, TO admit on the
cross animation which was begun at noon
that he knew about the loan OF S2,7OO.0oo TO
James Mcdonald at one time manager Oh the
London Office Of the Anglo-American Oh Com
psnv It is the contention OF the government
that this money used to get control Sc
cretly for the Standard Of several American
companies Mr.. Archbold. although at the time
3 director IN the Anslo-Anlerican, said he hao
nothing DO with the loan, and despite ire
ouent renewals OF the attack on that line Ola
not change the tenor OF his replies
II is expected that Mr. Kellogg will take up
-o-dav the loan Of s., 100000 TO Theodore N
BsrnsdaT. which William G. Rockefeller. treas
,1rer of the trust, said last autumn Mr. Arch
bold knew all about. Mr. Barnsdan paid only
: little more than $4,000 interest on the loan
Mr.. kellogg had as little luck with the McDon-
cid loan yesterday as he had last autumn when
he tried TO clear up the mystery surrounding
the Barnsdan transaction He ordered MI. Arch-
hold 10 produce the books Of the Anglo-An1erl-
can company The witness said he had no con-
troll over them but said he would talk II over
with his counsel
During the struggle over the Mcdonald loan
4. came out that Mr.. Archbold, H H Rogers
elected directors OF the Anglo-American COM
many on June 20. 1907, but that they resigned
soon afterward Mr.. Archbold was asked 10
ind out during the noon recess who the olrec-
,ors were but he returned without the inforrna-
tim He said however, that he was rather sure
that Mr. Teagle had not resigned, and that MT
afo4e-t had not retired but that Mr.. Rogers
had resigned because Of III health MI Arch-
bold said ne left the board Of directors to make
-sy for men more actively identified with the
business
STANDARD SECRET COMPANIES.
when Mor5tz Rosenthal, the Standards coun-
seI interposed objections TO Mr.. keIoggs Wig
orous EFFORTS 10 find out about the Anglo-AIner1-
can and other English companies. the latter re-
piled with heat. MY object is to find out all
about the secret companies Of the Standard ol''
and be proceeded with his cross-exanination.
The Security OIL Company OF Texas, appar-
enfIv not a STANDARD concern, was the subject OF
frequent questions, but Mr.. Archbold was posi-
sive that he knew nothing about it Mr.. Kellogg
said that the Corsicana OH Company Of Texas
had been run as q secret concern, but he got no
enlightenment from MIR. Archbold. or the
Wsters-Pferce oil Company, MI Archbold said
that he had never heard an effort was made
- keep secret the Standard interests in 1t.
He admitted that for a time the controlling
Iseuren and Mr.. Kellogg believed that this was
during the period when the Standard disclaimed
having control
On the question whether IT was not true that
s q Bayne. Of the Seaboard National Bank.
was at one time president Of the Security COM
many M ArchboId said he was. The Stand
ards vice-president also acknowledged that he
was q stockholder in the Seaboard Bank,
and that he believed some Of the Standard s
subsidiary companies deposited in 1t. When the
witness was asked whether the trust owned any
stock in the Security controlled 1t he said IT
did not as far he knew.
There was a clash over questions regarding
n contract TO supply the Chicago Gas Light and
Coke Company made by the Standard with
Anthony Brady, and with which E. c. Benedict
was said to be concerned. The contract stipu-
piled for one and two-thiTds cents gallon, IN
less the oil price went over 50 cents barrel.
Other considerations were the turning over OF
assets valued at S1.3OOO00 in the ten years
agreement Although the Manhattan Oil Com
psny OF Ohio was bought by the General Indus
trial Development Syndicate of England, and
sold the refneries, producing wells and cars TO
the Standard and continued to do business with
the latter. Mr.. Archbold said that he knew
nothing about the syndicate and had never in
vestiEated it The syndicate was q competitor
Of the big trust. and this caused Mr.. Kellogg to
ask when Mr.. Archbold professed ignorance OF
Ehe syndicate-