The Montgomery advertiser., 1908-11-25

pN he could not remember whether he stat Led In the contract that the Standa rs Ton Company operated refineries onIv in Cleveland and Bayonne. He understood. he said. that he had made an affldavit in connection with this contract to the effect that the Standard oil Company of ohio. had not owned any stock of af,y railroads or pipe lines.
 You were trying to give the impress sion at that time that the large number of companies you had acquired an in : terest in were not controlled by the standard oil Company of ohio?'
 T tried to give the status at that time"
 Secret Agreement.
 Mir. Kellogg asked the witness if he made 1t known. to anyone at that time that he had an interest in the compa. nies included in the trust agreement of 1879 and if it was not fact that this agreement was kept secret while he was combining the companies.
 T cannot say, but I think it must have been known to a number of peo- pie outside of those who signed it," re- piled Mir. Rockefeller.
 ''Is it not fact that Mir. Archbold. MT. Flagier and others in 1875 and later, made afidavits and public statements [ lO. had no interest fin these subsidiary com pahies?"
 '"I could not say anything about the statements they may have made" MT. Rockefeller was asked if he had not made an afildavit that the Standard had made contracts, with railroads whereby the Standard had obtained re- bates for guaranteeing a. certain vol ume of oil. He did not recall. Didn't the officers and agents of the Standard OH Company of Ohio, at that time control a majority ok the stocks of the subsidiary companies with the idea of concealing their real ownership?p : Tt may have been that the properties were owned by individuals who were stockholders in the Standard oil Com pany of 0hio."
 Mir. Rockefeller said that he never heard of the General Industrial Devei- opTnent syndicate. Limited, of London. nor did he know whether the Stand ard Oil owns the Manhattan oil Com pany, of Ohio.
 Mir. Kellogg asked M-. Rockefeller to find out who owns those companies and also the London Commercial Printing and Investment Company. and the Sc- curity oil Company offered to furnish this and also list of corporations ob- tained by the Standard Oil from 1882 to the present time.
 Mir. Rockefeller, in reply to a ques- tion, said:
 T may be director in some railroad in the United States, but at this moment do not recall railroad in which am director"
 "Are you largely interested in ralI- roads over which the Standard oil Company Is doing buslness?"
 T am an investor. may have stock in railroad company over which oil shipments-may be made"
 Mir. Kellogg asked Mir. Rockefeller if he was interested in the Wisconsin and other railroads in which certain direct ors of the Standard were also directors.
 T own bonds in the Wisconsin rail. roads,"
 Were you interested in the stocks and bonds of the Pennsylvania?"
 Interest in RaIIroada.
 "No. excepting at different times n small interest in the bonds. Lmay have considerable interests in the bonds. My stockholdings are inconsiderable I ore. sume I may have stocks in six or eight railroad corporations. My holdings are principally in bonds"
 Gan you name the railroads?"
 "I would prefer not to mention the railroads. These goodly gentlemen at the stock exchange there would not think it very wise. personally should not care to parade my interests unless n is necessary to further the cause of justice"
 Mir. Kellogg told Mir. Rockefeller that he could prepare list for submission. Mir Rockefeller said that many of the Stockholders of the Standard had taken interests in railroad and that his brother William had preferred this form of investment.
 Mir Rockefeller was asked about the large amounts of money which the Standard had loaned in Wall Street, and he replied that the Standard could not always obtain the amount of money if desired from banking interests and that if necessary it kept a large amount of money, which 1t loaned out, but which could always be obtained, He thought that the company loaned out about S32,- 900 900 but no sume larger than that.
 MT. Kellogg reverted to the question of Mir Rockefeller's investments in rail. roads at the present time.
 Objection was made by counsel and Mir. Rockefeller said he could not give a statement about his holdings of bonds. | He added:
 ''I did not buy stocks and permanent | ly hold them as do the bonds. I have | not large holdings in railroad shares | today except in two or three railroads. They are held for investment. Some of | the shares are Ine OeiaWdfes 1ackaWan- l na and Western, the New York Central, | the Pennsylvania. Western Maryland. | Missouri Pacific and a railroad in Mex | leo. have no shafes in the New York, | New Haven and Hartford, none fin the | Union Pacific and none in the Southern | Pacific. have a few shares in the | Texas Pacific, Colorado Southern. about | 500 shares. and Erie first preferred"
 "Are you not generally interested In | all the railroads of the country?"
 q am grateful to say great many | of them did not invest in, There have | been a good many enterprises which ! | was not privileged to invest in."
 Recess was then taken for lunch.
 AfteRnOOn Session.
 Tn the afternoon, Mir. Kellogg asked | Mir. Rockefeller If he had purchased | bonds of the principal railroad com panies or their subsidiaries during the | last ten years.
 Mir. Rockefeller replied that he had. |
 You can't give their names?" asked | Mir. Kellogg.
 Tt would be utterly impossible"
 This ended MT. Rockefeller's CT lss On redirect examina- ton Mir. Milburn asked; Have you ever at any time sought to influence any railroad with respect to its rates pr supplies with reference to the Stand ard oil Company.