The Montgomery advertiser., 1908-12-02

1899 and to the Increase of tha capi- tai stock of the Standard of New Jer- sey to tt1o. 900, 900. Mr. Archbold said the capitalization of the New Jersey Company was fixed to take over the trust certificates and allow a little margin over. The capitalization was large enough to take over all the held by owners who had liquidated theso trust ceTtificates.
 The AnRlo-American said Mir. Arch bold. did business in the United King dom and purchased it's supplies in this country. 4 list of the physical prop critics of the Standard oil Company of New Jersey was offered in evidence. The Prairie oil and Gas Company, said Mir. Archbold did not refine oil, but was engaged in the production and transportation of oil
 Mir. ArchboId declared that pipe lines were a necessary part of the Standards business. He said:
 The business has outgrown railroad transportation and pipe lines are nec- essary to insure constant supply of oil. The railroads could not do the business of supplying the refneries constantly with crude oil even if they had the tank cars. which are not in existence"
 Mr. Archboid's cross-examination was then begun by Mir. Kellogg for the government. The witness was ques- toned as to his oficial connections with the Standard and It's various subsidiary companies When asked if he was a ''leading' of the Standard, MT. Arch bold said he was active"
 Mr, Archbold said he had heard of the Manhattan oil Company of Ohio and that he knew little of it. Obtec- ton was made by counsel for the de- fense to this line of cross s-examina tion. The witness said the company was a competitor of the Standard
 DO you know anything about the general industrial development syndi-1 cate limited, of London?" asked Mr. Kellogg.
 T have heard of It since these hear ings began"
 cts 1t controlled directly or indirect ly by the Standard oil Company
 Mot to my Knowledge"
 Don't you know that the General chased the Manhattan oil Company?s
 "No; do not"
 The Manhattan Company.
 Mir. Afchbold was asked if 1t was not true that the Standard had pur- chased the tank cars, refineries and pipe lines of the Manhattan from the London company. The witness said he understood that the purchase was made. Mfr. Archbold said that Anthony M Brady had told him that he pur- posed selling the Manhattan oil Com pany and wanted to obtain e contract for oil supply for the Peoples Gas Light and Coke CompAny, of Chicago. A contract was entered into, MT. Arch bold said. but he did not know the terms of the contract. II
 Don't you know that Mir. Brady tes- A~A hak a afro af xRFa worth S1.So0,000 to the Peoples Gas Light and Coke Company"
 T do not know"
 MT. Archbold's attention was called Co the loans of 32,7O0.00o which the Anglo company had made to MT. Mo- Donald. but he Said he knew nothing of them.
 About this time the General Indus- trial Company bought the Manhattan oil Company"
 twas the McDonald loan for that
 sI don't know" said Mir. Archbold.
 "will you produce the London books of the Ang1o-American Company"
 'T don't think I have the power. I am not a director now"
 "A list furnished by your company shows that you were eaected director of the company in June. 190T." ' T think I resigned shortly after that"
 ansd yoa resign As q result of this investigationT'
 ~I should not say did."
 Mrs Arehhold was asked to produce list Of directors of the Anglo Company at this time.
 Recegs was taken.
 Mir. Archbold said that Mir. Rogers and himself resigned from the Anglo Company so that men more directly connected with the company could take their places. The witness said he was not sure that Mir. Tagle re- signed.
 Couldn't Explain Loan.
 The attention of Mr., Archbold was called to the testimony of Mir. Brady. who testified that ,aReets worth $1,- S00,000 were paid for the contract and that the general industrial company ards Mir. Archbold said he had no recollection that the general in- dustrial company had anything to do with the contract. The witness said he could not explain the loan to Mr. McDonold and had not investigated 1t. f'Wtlys didn't you investigate itf"
 'I aidn't feel called upon to do so."
 ''vVtli you try to find out about the IoanT" r,4 e
 ''If my counsel SO advises"
 Mr. Archbofds interrogatsd about the Indiana Pipe Line and Refining Company, said he was under the i'm. precision that the Standard purchased 1t.
 Who was behind the company"
 ''The Cudahys, of Chicago, be- lieve.'
 Mr. ArchbolG said that he did not know that the Indiana company had been turned over to the Manhattan 1 company; he believed the Indiana | company was now out of business.
 Isn't 1t a fact that Standard oil | interests own, directly or indirectly, |