The Montgomery advertiser., 1908-11-25
.ARr rIB0LD NOW TAKES RACK Kellogg Finishes With Rockefeller,
 - TELLS OF RAILROAD INTERESTS Iohn D. Is Mad-Mannered on the
 Stand. side-steps Pointed Question Intlmataps That Wan Street Might Make Use Of Information If
 He Gives It..
TELLS OF RAILROAD INTERESTS
side-steps Pointed Question Intlmatips Th., wan Street m,~h. m.k.

[" timony today in the Federal suit to dissolve the Standard Oil Company, John D. Rockefeller threw some un- expected light on the popular question into what channels of investment he turns his tremendous earnings of the oil combination.
 Mir. Rockefeller was loath 10 state the names of the railroads in which the investments were made, but after entering his objection, the head of the so-called trust declared that his hold ings in railroads consisted chiefly in bonds. and that with the exception of a few roads In which he held only small amounts of stock. he preferred the bonds as a form of investment. Mir. Rockefeller appeared delighted that his ordeal as witness was over. and excused him Mr. Rockefeller said that he did not think that he should be made to tell the form of his invest nents. declaring that the gentlemen over here In the Stock Exchange might not like 1t very well. After some legal contention by counsel, he said he held stock . in the Delaware, Lackawanna and Western; the New York Central; the Pennsylvania. the Western Mary land, the Missouri Pacific. the Texas Pacific and the Colorado Southern. lie said he owned no shares in either the Union or the Southern PacificB. He saLd he opposed the keeping of mil lions of dollars of surplus by the Standard.
 John D. Archbold, President of the Standard, proved mine of detailed information under the direction of the company's lawyers. describing the early production of crude oil and the devel- opment of the pipe line system. MT. Archbold likely will be on the witness |stand for several days. He gave his answers in short brisk manner and seemed possessed Of infinite details of the Standards business from It's in- ception to the present time.
 Mir. Archbold beamed with satisfac- tion in telling of the Standard's2 early history, His clear blue eyes twinlsfed when he told of his industrial lights, saying that he kept carafui watch on aia eompetitor and then tried te beat him. Fairly short of stature, Mir Archbold's well-knit figure was of compelling animation as he sat In the witness chair. He turned from side to side as if to watch each individual spectator in the room and every line of his smooth shaven face showed that he was keenly alive to every develop ment of the proceedings. It is not unlikely that an adjournment will be taken tomorrow night until next Mon- day.
 John D. Arrives Late.
 For the first time since he has been on the witness stand at this hearing Mir Rockefeller was a little late in arriv- ing.
 MT. Kellogg resumed his cross exam ination, taking up the organization of the Standard oil Company. of New Jer- sey, where he ended 1t yesterday Mir Kellogg read what he said was a list of stocks obtained by that company in 1899 for which 1t had exchanged it's own shares. He said that 442,7s7 out of a total of 9s3.3s3 sharese first issued were in the name of John D. Rockefel- Ter.
 Mir Rockefeller said he did not own so much as that, but did own 256S54 shares of the Standard oil Company, of New Jersey. at that time, and that he accepted the other stock and distrib- uted 1t to the proper stockholders He added that frequently holders of cer- tihcates of the Standard oil trust ex- changed them for stock in the Standard oil Company of New Jersey, rather than accept shares of the various subsidiary companies.
 "I turned over my Trust certificates to the liquidating trustees.r said Mir. Rockefeller, "and obtained a paper on which secured shares in the constit- uent companies. which I turned into the Standard oil Company of New Jer- sey."
 Mir. Rockefeller declared that he new CT acted as an attorney for anyone in this process of liquidation.
 Mir Kellogg stated that Henry M Flagler, at first received 2s.000 shares and later 79.340 shares additional. Mir Rockefeller said he thought Mir. Flag Ter did not own any such amount of stock, but he could not say whether he accepted it for purposes of distribution.
 Mir. Rockefeller was asked If he en- tered a contract with SchOheld. Shnr- mer- and Teagle in 1878, whereby the firm agreed to limit the business of it's refinery in consideration of certain pay Inents- by the Standard.
 Mir Rockefeller replied that such a contract had been entered Into, but he did not recall It's provisions.
 Did the Standard bring a suit in Ohio in 1880 against Schorield. Schur- mer and Teagle to prevent it's refining over s6,O0O barrels of crude oil a year and to prevent it's acquiring an interest in a Buffalo refnerY?"
 "There was some litigation about re- fninE oil. I recall nothing about the Buffalo refinery"
 'Did you not personally make an ap- plication for an order restraining them from exceeding their production limit and to prevent them building refinery in BuffaloT"
 nroper for me to sign such an affidavit about the production of oil being eX- oeeded by the company"
 Don't you recall that in the answer of Schofield, Schurmer and Teagle they set up the claim that the Standard was trvinE to obtain a monopoly of the re- Nninc business in Ohio and that this arreement was part of the conspiracy to such an end?"
 SI could not state from my recollect- ,on but I assume that they probably dId not fail to state everything they could think" D KIine. who afterwards had been a stsndard oil attorney, was then counsel Sor Schoheld, Schurmer and Teagle.
 well. they had very capable attor- nav {" said Mir Rockefeller.
 The witness said in reply to other questions that a similar contract was made with the Pioneer oil Company. but (Continued on Page Five.)