The Marion daily mirror. (Marion, Ohio) 1892-1912, 1908-11-19
Ohio Milling & Elevator Co..
ROSCOE OBORN, Rec.

in cash and part in stock OF the
Standard company"
"Did you use any coercive means
TO secure these companies?'
"None whatever" said Mr.. Rookie
feller. They were all fair negotia-
tions. | may say for myself that they
were the kind of negotiations. I have
always used | have used no other.
"You had faith in the business,
Mr.. Rockefeller"
"Oh, yes he replied.
But some did not?"
"Yes, that is so.
Concerning the state or the refinery
business in the '70s Mr. Rockefeller
said It was generally understood that
the business was on uncertain ground
and encountered unusual hazards.
There had been too many refineries
built, and II was recognized that an
increased demand for oil would have
to be created.
1T was always considered Dusi-
ness of risk, the refining of oil, said
AIr. Rockefeller, sand it's a very
hazardous business Noday and not to
he classed with banking or some rail
road business" ~ G~ft.s eI
Mr.. Rockefeller then was asked
about the payments made for the
companies.
al do not know what proportion
was cash or stock possibly half cash
and half stock said Mr.. Rockefeller.
The general preference was for COOL
hard cash with whfeh to invest in
something else. As one dear old man
said to me:
" You had better strike that out "
whereupon everybody in the court
room laughed.
Regarding the South Improvement
Co., Mr.. Rockefeller said that while
Standard took little interest in 1t,
, they had little to do with it,
1--WE did not entertain the views of
those in charge of It and VIC we're not
! in sympathy with IT," re added. He
gave the names of those Identified
with the South Improvement Co,
stating that they were identified with
the Pennsylvania oil field.
"They were hauling their oil over
the Pennsylvania railroad" said MIR.
Rockefeller. "These gentlemen were
active in the Pennsylvania oil field,
One of them Mr.. Peter Watson, was
identified with Mr.. Scott, president OF
the Pennsylvania railroad"
"Did you ever negotiate for the
charter of the South improvement
Coz"
II never did" said Mr.. Rockefeller.
''iWe did not share their views and
we frankly told them so more than
once. 1t was not scheme which we
ourselves would care for"
"Why did you take an interest in
it?"
''It should be remembered that Mr..
Scott was potent factor in the
Pennsylvania railroad, who was not
to lie disregarded by the railroads or
shippers. We did not wish to break
with these gentlemen, especially Mr..
Scott. We only had minority in
terest."
The scheme of the South Improve
ment Co, he declared, was a failure
and never went into operation, II hav-
ing aroused great opposition among
the oil Interests In Pennsylvania
rfIt didn't take very long for our
friends, the producers down there to
make opposition to 1t, they having
the characteristics of miners the
world over" said Mr.. Rockefeller,
who was about to tell or the foma
tion OF the Producers union, when,
on request of the Standards counsel,
an adjournment was taken until to-
morrow. Mr.. Rockefeller interrupted
the motion of counsel, stating that he
was willing 10 remain as 'ong as
counsel desired, but nodded assent to
counsel when his LAWYERS shook their
heads.
Car load of fine New York State
Cabbage al Al 75 Der 100 lbs