The evening world., 1908-12-01

worth g. OOO. 900 and cash amounting TO
81 ,OOo, 600 that had previously been car.
rled by the standard OH OF Ohio, the
i,y , total contamination of $1,000 600
"The prop.rties were mainly located
In Ncw 1ersav. although the ohio com.
many had held title TO them They con-
s4s+ed tarz,,v NJ refnerIes docks and
yards Al Rayonne and Commun ipa w -
Then Mr. krchbold told OF the orga l.
ization of the Standard oil OF New York
under similar circumstances, the Ohio
company being both its mother and Its
father, 80 TO speak. and lowering the
infant with 500, Urr. about equally d.
ytded between cash and property, the
latter being-iu Brooklyn and hong Isl
and City.
Tell uq the processes OF liquidation"
said Mr. Rosenthal.
Process of Liquidation.
..r,, 3D., ,,,,,c , ,or In, -, our
.,..ns,..,,,,.r. ,,,,,, "a, ,,o,r ,,-,s, oar
tIec,,es, s.,d Mr. Archibald. and re-
ceive in lieu thereof the original shares
OF stock in the component companies
forming the trust
The large shareholders readily COM
piled but the smaller ones were very
loathe to do So There was no way by
which they could he compel,ed 10 COM
49, ,, -
ply so tha' ior long period OF ufne
we could not get their trust certlfica ties.
"Tbav insisted nm boId,ng IN In ,hen
my ''''''u va "o'u,'s vi w 'Ae'''
as 'heN hau a recognized marker value
Some of the smallest shareholders pre-
-, - 49,
legal interest intact because the diVi-
sion OF single trust certificate into
shares of stocit in tho subsidiary com-
panles would nave represented so small
a fractional part as to have no market
va,ue trbus I, ,onno,ad 80, ,,,s ,,,t,,
'' - '"pP'''" '''"' NV ""'"
OF the trust certificates were held to-
gether for a period of wears. having a
r,a,l,et ,.,Ira o,5 ba,rs- tra,,aa a., an
a.. -. "" - y"
the market On the other hand, there
was no market trading In the stocks Of
tho ,,,o,.,. t,a,,,I,,aI .,,,,,,,,t,
''e twenty ihui''"uai companies as
they really had no loan value cur
rently."
r oa c,
10 o"see S'a'm'
This testimony was brought out to Off
set the claim Of the government that
the Standard OIL in violation Of the law,
Kept it's Illegal trust agreement practi-
.coIl,, tn,,,, - ,, -. 49,, nti.
eany 'n'ue' TOT zen years aiter the Quo
court haq made Its adverse ruling.
was the Snslo-American Oh Com
pany subsidiary company OF the Trust
asLeenlent asked Mr.. Rosenthal;
ies, said the witness ~ had then
anu mas now no other connection with
TINS country except 10 buy It's products
in the American market. 1t is incor-
pCiateI N htlsland. r,-,.,- ,,,,
MI Archbold SAID the Prairie on and
Gas Company, which does business out
Mest; nad us own PIPE INES ana pro,
nuced ana transpcrtea lts own eli ana
IN, on VI ptieIs, storing 'hs OIL ana sell
'"s 4. VI 10 i,,aS a., ,ha f.o,srr,,,.r,.s c,.o
eifl,,er III t,,p Sasd
nil reedsr which discri,ninates again ST
or Dars out W aIIIse'nef 'ne poau''s Oh
condmct ~ vnmr bmsinsssaH p'ope'
Ss eer5q Pase Tnsy a s5s ;s
ply has ou IT. the possiSiiity 'e Of ,he
Trjs was in effect a skilful defense. in
the glIise of evidence, for the Standard 4
gradual buying I'D OF the pipe line facili.
ete> o. the MEG +, svaresu l1es ya'hs w' re
straint of trade.
An oil Trust Exhjhit
An exhibit was now offered by the de
Tense containing an inventory, Of IN.
pi ysical properties Of the Standard on
Company of New Jersey in 1895. MI
Aroibold explained that this represented
only properties directly owned by tn'
Standard OIL, and not stock oTnersnlps
This ended the examination. which has
lasted tor nearly four days.
Mr. Kellogg began his examination n!
asking him when he became Nice-Presi
dent ~ the Standard Oil
Il am not sure Of the year" said Mr.
ArchbDld. Il nave been 1rtive in stand
ard oil since Its Incorporation, both al
an officer and as a director. ] am al
ofticer in tho Standard oil Of New YorI
anil I was formerly director in tn
Ingl6- American oil Co hut Withdrew
IRON, itS board some wears ago"
Isn't the Mercantil. OH Company o
,,rio nm Intensive moe line 80
~ thYnl; So 1t has big gatherin,
Ilpas :,
'Was II not formerly a strong com
natItnr If vour company in the OH
siII3,
~. possr,hsI obiactnd but the oues
,it,, mi il,
N"'t raraiI " said Mr. Archbold 9TH
,f,nhattan bought and sold in opposi
ton TO our company IN ONO