Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-11-24
ADM|TSOWN|NGST0CK
Rockefeller Big Shareholder in
New Jersey Company.
PROMISE TO GIVE LIST
Counsel Offers to Furnish Names of
All Concerns Controlled.
CONTRACT TO STOP OUTPUT
Oil King Admits Signing Affidavit
Charging Violation of Re-
fning Agreement.

! NEW YORK, November 24.-John d.
Rockefeller testified in the governments
! suit against the Standard Oil Company
! today that at the time of the organization
OF the Standard Oil Company of New
Jersey in 1890 he owned 256. SJ4 shares of
| its stock out of total stock issue of
| 9S3, $50 shares
| The cross-examination of Mr. Rockefel-
Ter was concluded shortly after the open
| ing of the afternoon session. John G.
| Milburn. counsel of the Standard Oil Com
pany. then began redirect examination
of the witness.
| For the first time since he has been on
the witness stand at this hearing Mr..
Rockefeller was a little Late in arriving
today. Frank 3. Kellogg the govern
ments special assistant attorney general,
resumed his cross-examnation. taking up
| the organization of the Standard Oil Com
pany of New Jersey where he ended it
yesterday. Mr.. kellogg read what he
said was a list OF stocks obtained by that
company in 1890 for which 1t had ex-
changed its own shares. He said that
442,73 out of a total % 9S3.3S3 shares
| first issued were in the name of John D.
| Rockefeller.
| Mr.. Rockefeller said he did not own so
much stock as that. but did own 256,S54
shares of the Standard Oil Company of
| New Jersey at that time and he ac-
| cepted the other stock and distributed
| II to the proper stockholders. He added
| that frequently holders of certificates of
! the Standard Oil trust exchanged them
| for stock in the Standard Oil Company
or New Jersey rather than accept shares
of the various subsidiary companies.
Never Acted as Attorney.
| Il turned over my trust certificates to
the liquidating trustees said Mr. Rookie
| fetier, and obtained paper on which l
secured shares in the constituent com
panles, which / turned into the Stand
ard Oil Company Of New jersey" Mr.
| Rockefeller declared that he never acted
| as an attorney for any one in this process
| OF liquidation.
Mr.. Kellogg stated that Henry M' Flag
| Ter at first received 5000 shares and
later 79,43O shares additional Mr. Rock
| efeller said he thought Mr.. Flagler did
not own any such amount of stock. but
| ne could not say whether he accepted il
Tor purposes of distribution
MI rockefeller was asked if he entered
INTO contract with Schofield, Schurmer &
Ieagie In 1916. whereby the firm agreed
to limit the business of its refinery in
consideration of certain payments by the
Standard
Mr. oRckefeller replied that such con-
tract had been entered into, but he did
not recall its provisions.
| Did the Standard bring suit in 1890
against Schofield. Schurmer & TeagIe to
prevent its refining over $1,000 barrels of
! crude OIL year and to prevent it's ac-
quiring an interest in a Buffalo refinerye''
| There was some litigation about the
rehning of oil. ] recall nothing about the
Buffalo refinery
Admits Signing Affidavit.
|
plication for an order restraining them
from exceeding their production limit and
to prevent them building a refinery in
! Buffalo,
LAS president OF the Standard it was
proper for me to sign such an affidavit
about the production of oil being exceeded
| by the company"
| Don't you recall that in the answer of
Schofield, Schurmer & Teagle they set up
| the claim that the Standard was trying to
obtain Il monopoly of the refining business
in Ohio and this agreement was part of
the conspiracy to such an end?'
Il could not state from my recollection.
but l assume that they probably did not
fail to state everything they could think"
| Mr. oRckefeiler was told that Virgil F.
Kline. who afterward had been Stand
ard Oil attorney. then counsel for
| Scfotield, Schurper e. Teaglc.
| We'll. they had very capable attor-
| ney. said Mr.. oRckefeller.
| The witness said in reply to other
| questions that a similar contract was
made with the Pioneer Oil Company
but he could not remember wheth ~ he
! stated in the contract that the Stand
ard operated refineries only in CleNc-
land and Bayonne. He understood, he
said. that he had made an affidavit IN
/ connection with this contract to the cf-
| feet that the Standard Oil Company Of
| OHIO had not owned any stock OF any
| railroads or pine line.
| you were trying to give the i'm
! preston at that time that the large
number OF companies you had acquired
| an interest in were not controlled by
the Standard Oil Company of OhIo?'
| Il tried to give the status at that
| time"
! Memory Little Hazy.
Mr.. Kellogg asked the witness II lie
made it known to any one at that time
| that he had an interest in the COM
panies included in the trust agre einent
| of 1879 and If ii was not fact tnat
| this agreement was kept secret while
he was combining the companies
II cannot say, but l think II must
have been known TO a number of peo-
pie outside of those who signed IT," re-
| piled Mr.. Rockefeller.
| lis il not fact that Mr. Archbo!d Mr.
| Flager and others in 1873 and later made
affdavitS and public statements that the
! Standard Oil Company of Ohio had no in
terest in these subsidiary companies?"
/ Il could not say anything about the
| statements they have made
| MIR. Rockefeller was asked If he had
not made affidavit that the Standard
had made contracts with railroads where
| by the Standard has obtained reba ties for
! guaranteeing certain volume of oil. He
did not recall.
Did not the officers and agents of the
/ Standard OIL Company of Ohio at that
| time control majority of the stocks of
| the subsidiary companies, with the idea
| of concealing their real ownership"
1T may have been that the properties
! were owned by individuals who were
stockholders in the Standard Oil Com
pany of Ohio"
Never Heard Of London Company.
! Mr.. Rockefeller said that he never heard
| Of the General Industrial Development
| Syndicate. Limited. of London, nor did
he know whether the Standard owns the
Manhattan Oil Company of Ohio.
Mr.. Kellogg asked Mr. Rockefeller to
| find out who owns those companies, and
also the London Commercial Printing and