The Montgomery advertiser., 1908-12-02
HISTORY OF
 STANDARD OIL Archbold Tells More of Big Company THE LIQUIDATION STAGE Total Number of Marketing Stations
 is Given. HIT. ArchbOld Brought Ills story Up Yesterday To rhe Heldlsg
 Period Of The New yer-
 sey Company.

New York, Dec, 1--Seeking to un- ravel the puzzling ownership or the Security oil Company of Texas, ana other oil companies which the govern ment charges are controlled by the Standard oil Company Frank B. Kei- logg. Federal counsel in the United States suit to dissolve the socalied oil trust. subjected John D. Archboid to a grIlling cross examination today.
 MT. Kellogg also sought information regarding certain mysterious loans made to James Mcdonald by the Anglo-American Company. Standard subsidiary, but Mir. Archbold, diree- tor of the Anglo-Amertcan Company, was unable to throw any light on the question.
 For over a year the governments counsel has been trying to obtain m. formation regarding these Mcdonald loans. but has failed. The govern ment alleged that the loans were made to enable the Standard to secretly pur- chase the Manhattan oil Company of Ohio. Mir. Archbold said that he and Henry H. Rogers resigned as directors of the Anglo American Company short ly after their election. year ago. The vice president of the Standard denied, that the resignations were brought about by the present govern ment proceedings.
 MT. Archbold was closely Questioned about many pipe lines and refineraes which had been purchased by the standard. He denied that the re- fineries had been bought that they might be dismantled, thereby removing
 They We're secured. Mir. Archbold said. to succeed to their volume of business.
 Story of Etandard.
 The thread of John D. Arehbold's mar rative of the building of the Standard oil Company, which has been related in ,sicoessiye steps. the early and com petitive oil companies and the story of the trust period, carried the testimony today through the liquidation stage and brought it up to the holding period of the New Jersey company.
 Counsel for Mir. Arehbold said they hoped to be able to conclude the di- rect testimony of the vice president of the Standard Oil today. Govern nent counsel probably will take sew eral days in the cross exan1tnation of Mir. Archbold, who will be followed on the witness stand by. William Rockefeller.
 MT. Archbo old. read into the evidence a statement showinH the number Of marketing stations of the Standard constructed since 1890, as we'll as the total number of marketing stations. The witness said that when the stand ard oil Company of New Jorsey was orrantzed in 1882. 1t took over the refineries and real estate in. New Jer- sey owned by the Standard of Ohio. The property taken over was valued at S2,00O,00 and there was $1,OO0.OOO In cash furnished by the trust. The Standard of Ohio turned over to the Standard of New York s3.500,0o0 in property and S3.5O0,0o0 in cash.
 From 1882 to 1899 Mr. ArchbOld said, he was a trustee and from 1892 until the trust was liquidated in 1899, he was a liquidating trustee. Of the liquidating period Mir. Archbold said:
 "The principal holders of the trust certificates, constituting a majority of the shares, turned in their certificates, and received their shares in the twenty subsidiary companies. A re- quest was made of the small certift- cate holders to turn in their certifi- cates, but they did not and there was no way which they could be compelled to do SO. Some of the smaller holders accepted assignments of legal certifi- cates for their interest. The small holders wanted their certificates which had market value. There was no market value for the stocks of the subsidiary companies at that time."
 Some of the stocks of the subsidia-i ries had never been on the market. said Mr. Archbold.
 Directors and Officers.
 A statement showing directors and officers of the twenty subsidiary com panies of the Standard from 1892 to 1899, was placed on record.
 Mir. Archbold said he was a party to the final liquidation of the trust in