The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1908-11-26

, had negotiations with six or eight
/ concerns. These concerns we're all in
/ Cleveland, l could not say definitely
hoN many We purchased. There
/ might have been dozen, more or
less, beginning with Clark, Payne 4
Go. They Nere not al az one time.
Suue we're iu ls-i and early In 1872,
ana and some in the last n ls10." "
nov did these negotiations arisey''
Ia the natural way, said Mr.
Rockefeller. I'VE were all friends
aud enjoyed prosperity torether. we
touudt that changed conditions were
ieSseniug The chance ut profits, We
we're unsuccessfui in obtaining large
capital at that time and many cap
'iailsts feared 90 risk money 10 OH re-
lining There were many schemes
; iloated on property Of little value
Owing tu the dissatisfaction with
d such concerns, IL VAS hard 10 obtain
money. remember that | visited
q j. H Made in Cleveland and be told
. me politely and FIRMLY that be would
4 not invest any money Ia the OIL bust
4 ness
Mr. Rockefeller said that To cop,
IS with the changing conditions IL val
necessary TO obtain capital aud pur
.- chase the Cleveland companies
.e which the witness said enabled Ia
.e STANDARD TO borrow large sums O
- money by having associated with /
ie many Of us recognized iriends
1--WE Realized " said MIR. Rock
Of cfeller, "that the large company d,
le creased Tie cost Of production an
creased the volume Of business
be rhe companies we're purchased Il
part Ia cash and part In stock OF Il
at standard OH company.
4 "uid you ever use any ccerci
IL means 10 secure these oompaniesi
None whatever. said Mr. Roc
pr. efeiler They we're ali fair negotI
We ti0ns. / may say for myself th
.ea they were the kind of negotiation,
have always used. use no other.
lde "Yuu had faith ia the husine
IS. Mr.. RuckefellorY"
ac- "Oh, yes he replied
oi But some did noty'
The "Yes, that is So "
O. Concerning the state OF the rein
ol business early In the seventies,
the Rockefeller said II was generally
derstood that 1t was 90 uncert
.ou ground There had been too M
70 rebnefics built, and 1t was reeogni
bar that an increased demand for
ouI would have TO be created "
ick- IT vas al Aays considered b
ness OF risk the refining OF OIL, 80
lust Mr.. Rockefeller. "and ~ is
saiu hazardous business today and 10
ue classed With banking or some
age road businesses,
C. Regarding the South Improyeu
the company Mr. Rockefeller said
.y iu while the standard took a littl'
ouI terost IN H., they had but little I
fork with It.
Irger I've did not entertain the view
IN iu those iu charge OF It., and were ~
e a. sympathy with it he said.
ld gave the names Of those ident
had with the South Improvement
our pany stating that they we're I'd
our bed ~ith the Pennsylvania oil fl,
IS oi They are hauling their oil
, eX the Pennsylvania railroad, saiC
York Rockefeller. These gentlemen
Ir de. active in the peunsylsainia oil
the one OF them, Peter Watson,
loney ldcnided with Mr Scott, preside
tue Pennsylvania railroad.
made "Did you ever negotiate iol
altby charter Of the South Improve
were company
Dor. If never did. said Mr. Roe
I ex- Ter. ." We did not share their
ltuess and we frankly told them 80
aided guan once. II was net a SC
AuH which we ourselves would care I
New why did you take an intere
i cx. ity'
.oday 1t should be remembered tha
trade ,cult was d potent factor IN the
over usylvania railroad who was not
been dlsregarded by the railroads Or
profit 9crs. We did mot wish % bfeak
these gentlemen, especially wit
taken scott Ne only bad a miuohl
mean lerest.
sr and The scheme of the South I'M
/. 90, / ment company" he declared, 90
have o failure. ana never went into
r Nll- I tion, II having aroused great o
time. lion among The oiI Interests 10
% tlC sylyanta.
idmls .
OWNS Away Town Lots.
.felief
.,. T0uI- EEy and Arthur Grew r