The Montgomery advertiser., 1908-11-24
RICHEST MAN
 TELLS STORY
Gcentiaued from Page one.l

Co.,. of Pittsburgh" asked MT. Kellogg. MT. Frew and Charles Lockh cart. Thsre may have been other stock
 You bOush. stock of the Standard of Ptttsburg?"
 Yes. the same as we did in the transaction with the Philadeiphia
 And Mr. Frew and Mr. Lockheart became stockholdres in the Standard"
 What basis of value did you take in connection with the Charles Pratt & Company"
 We igured on a safe valuation. We | gave stock. In the case of Warden, Frew 6 Company we also gave stock ! in the Standard as in the case of the Standard of Pittsburg." The Standard of PittsburE continued in operation after it's purchase as an independent company?"' T think so."
 Mir. Kellogg called attention to the purchases of Porter, Morelahd and Company and Bennett. warner & Company, together with Eeasterly and John Jackson and asked MT. Rockefel- Ter if he did not purchase them. The witness said that the Standard oil Company in interest bought Porter, Moreland & Co.,. and Bennett, Warner ~. ~S.' NhA SVhNSSSu " tV t1S <ASHaS oil company.
 Do you recall Mir. Archbold's testi- mony in 1873 in this state?"
 No"
 MT. Kellogg then read from MT. Archbold's testimony, in which he stat cd that the Acme Oil Company was an Independent oil company and not
 Was the Acme oil Company an in- depedert concern in in those years?" ''The stock of the Acme was held by several gentlemen" Counsel for the defense objected to the question on the ground 1t was not legaI question whether the Standard controlled the Acme or not.
 Was the stock of the Acme aequir- ed in the same manner as the Standard oil Company of Pittsburg?'
 T could not say"
 What became of the stock of the Acme Oil Copmany on its organization"
 Tt was held by individuals. I should say Mir. Pratt, MT. Archbold and MT. Frew and held until it was turned over to the trustees. viias. Keith and Chester"
 "Whome did the individuals hold this Acme oil Company stock for?"
 For the benefit of the stockh elders of the Standard oil Company of ohio, with the exception of some shares for smaller stockholders should say that e225.000 out of $500 900 was held for the Standard"
 Operations of @Indepenaeu4s,O Mir. Rockefeller said that the Acme oil Company undoubtedly was operated as an independent concern until after 1882 and after that John D. Archboid managed 1t for a time. He dId not know when Mir. Archbold became a Stockh older in the Standard. He had t0 Aa 4s1tk k~ the purchase of the American Lubri- eating oil Company and the Mica Axle Grease Company, of Cleveland, but thought that none of the members of these companis became a ssockholder In the Standard.
 Whatever stock in the Empire Transportation Company was owned by Some and Fleming was purchased by the Standard, but Some and Fleming continued to operate it as an Independ- ent concern.
 The witness said he thought the stock of the Camden Consolidated Oil Company was purchased by exchange of stock with the Standard and stock of the American Transfer Company was obtained from J. A. Bostwiek In the same manner. The Standard also The trust agreement of 1879. Mir. Rockefeller said, was made to hold l those stocks for the benefit Of the in. dividuals for whom they had been ae- l quired.
 MT. Kellogg asked whether the stocks were held for the Standard or for in- | dIviduals and MT. Rockefeller said he had knowledge that the Standard oil 1 Company held the certihcateS in the names of individuals. All of the com panies were managed by their own managers and each was doing an in. ] dependent business. 'The agreement provides that the | trustees shall distribute the stock to the individual owners?" asked MT. Kel- logs.
 oil trustees" replied Mr. RockefelIer.
 'Who got up this Standard oil 1 trust?"
 "I should say that H. M. Flawler and s. c. T. Dodd should have the | credit. I am sure it was not l. am not so learned in legal matters as that. don't claim any credit, for Mir. Flag. Ter and Mir. Dodd should have fuli | credit"
 Mir. Rockefeller said that the various companies in the Standard oil trust | agreement made in 1882 were managed as separate and independent corpora tions. Recess was then declared and one of | the reporters handed to Mr. Rockefeller the following written question:
 'Do you think you could receive im- munity from prosecution because of | your testimony in case proceedings are brought later?" Mir. Rockefeller leaned over as if to l whisper to the reporters and said In a loud voice:
 Please tell them am not in."
 Are you tired of the examination ?'' ! he was asked.
 A ROckefeIIeF EpIErnm.
 Tt does not pay 10 complain. One will live longer and better if he does not"
 l Kellogg questioned Mir. Rockefeller 1 about the trust agreement of 1882 and about the ownership of the stocks held l by this trust.
 1 Mir. Rockefeller said that the total value of the thirty-nine corporations a included in the trust was approxinata- a- ly $70.000,000 and that each of the stockholders named in the trust agrao- ment received certificates for Inc amount of stock of subsidiary comma nies which he owned. MT. KelIorS said that efforts were made by tbs government last year to secure posses. sion of the books showing how these | certificates were distributed and asked Mir. Rockefeller to make a search for them and also for the stock ledger | ah owing transfers of stocks.
 Mir. Rockefeller replied that he vou,a do anything he could, but that he 5iS l not know where the books are. He ssiS that the Standard oil trust was dissoIv- ed in 1909. A majority of the stock wa e distributed to the individual stoekhold-