The Montgomery advertiser., 1908-12-08
PROFITS OF
 STANDATD OIL Interesting Figures Put in Evidence. |ARCHBoLD RESUMES STAND Henry Talford Gives Testimony for
 the Defense. ContinentaI on Company, a Standard Subsidiary, Made Profits of One
 Hundred and Fifteen Per
 Cent on Its CapitaIi-
 sation.

New York, Dec 7.--Figures showing bome of the profits of the Standard |0il Company became part of the court fecord in the Federal suit to dissolve &he Standard Company today, when |pohn D. Archbold resumed the stand For a brief examination, and Henry Eriiford President of the Standard oil Company of California, testified at bome length as a witness for the de- &ense.
 The Government inquisitor,C on ng- lres submitted, showed that the Con- &inental oil Company, Standard sub bidiary in the Middle West, made prof It's of Il6 per cent on its capitalization bf s3o0.O00. and that the Standard OH Company of Indiana. on a capitaiisa- Elon of sl.000, 900, earned about $65,- boo 900 between 1899 and 1906. Coun~ bel for the latter company declared Ehat the actual assets of the company were greater than the capitalization, ks the company had turned back into #he property large sums from earnings. E Referring to oil trade rate cutting wars in Colorado and in the Far West, Mir. Tilford said that the Standard hever cut prices to undersell it's eom- betitors but simply lowered rates to Eneet the reduction of its rivals.
 Mir. Tilford's examination will likely De concluded tomorrow and either Will Ham Rockefeller, or Frank s. Monett, President of the Standard oil Company If Indiana. will be called to testify. E Mr. Archbolds testimony dealt with etails of properties conveyed to the Standard on It's organization. He said he Standard entered the lubricating business extensively in 1878. Practi- ally all the acquisitions of the Stand I'd from 1875 to 1882 were made by lash which came from the treasury of he Standard and its subsidiary com- anies,
 Mir AFehbold said that the estimate sf marketing stations to compete with ivais of the Standard naturally forced he small dealers and jobbers gradually rom the field. Some correspondence etween oil producers and the Penn yIvania geological survey showing he apparent limitations of the crude il production in the early days, was bread on the record with the evident esign of showing the hazards of the usiness testified by Mir. Rockefeller nd Mir. Archbold. The witness said hat Whiting was an important by- roduct of petroleum. and that branch f the Standards industry had grown rom 24,00O pounds in 1882 to 2bo.9e2,- 7S pounds in 19O7-
 4 brief cross-exarninatton of Mir.
 rchbold by Mir. Kellogg. Government ounsel, followed.
 Regarding the Standard oil Company Lbuisiafa. Mr. Archbold said Il Has originally capitalized for 9l.000,- loo and had borrowed large sums of honey from other companies which fl ad paid off out of earnings. Mir. Kellogg asked if the Standard of In-
 iana had not made net earnings of ver 955,000, 900 between the years 1888
 Ind 1906 on a million dollars capital fr. Archbold said there had been lany million dollars invested in the ompany which was ony nominaliy apitalixed.
 - McDOnaId's Account. Counsel for the defense said 1t had
 cen found impossible to get the Lon-
 on books of the Anglo American Com.
 any but that efforts would be made secure a transcript of the James 6cDonald account of e7.700.0O0.
 Mfr. Archbold was then excused and
 scess taken.
 Henry M. Tilford. President of tht tandard oil Company of California