The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1908-11-25
ROCKEFELLER HAS
SOME RAILROADS
Continued from Page One.

Did the Standard bring a suit in
Ohio in 1850 against schofeld, schur-
mer and Teaglo to prevent its re-
fining over $4,000 barrels of crude
oil a year, and to prevent its acquiring
an interest in a Buffalo refnery9p
"There was. some litigation about
the refining Of oil. l recall nothing
about the Buffalo refinery
" Did You not personally make an ap-
phcation for an order restraining them
from exceeding their production limit.
and to prevent them building refinery
in Bufralo7''
"As president of the Standard Oil
company IL was proper for me to sign
such an atlidavis about the production
of oil being exceeded by the com
pany.'
One Pointed Question.
'Don I you recall that in the answer
Of Schoheld, Schurmer and Teagle they
set up the claim that the Standard was
trying TO obtain a monopoly Of the re-
fining business in Ohio, and that this
agreement was part of the conspiracy
to such an end2'
could not state from my recol.
lection, but ] assume that they prob
ably did not fail to state everything
they could think
Mr. Rockefeller WAS told that Virgil
?. Kline, who afterward had been a
STANDARD OIL attorney, was then coun-
sci for Schofeld, Schurmer & Teagle.
'Well, they had very capable at
torney,' said Mr.. Rockefeller.
The witness said, in reply to other
questions, that similar contract was
made with the Pioneer Oil company,
but. he could not remember whether he
stated In the contract that the Stands
ard operated refneries only in Cleve-
land and Bayonne.
He understood, he said, that he made
an affidavit IN connection with this
contract to the effect that the Standard
Oil company of Ohio had not owned
any stock of any railroads or pipe line.
Mr.. Kellogg asked the witness If he
had made it known to any one at that
time that he had an interest In the
companies included in the trust agree
ment of 1879 and If it was not a fact
that tins agreement was kept secret
while he was combining the companies.
81 cannot say, but l think it must
have been known to a number Of peo
pie outside of those who signed it,,
replied Mr.. Rockefeller.
Is it not fact that Mr.. Archbold,
Mr. Flagler and others, in 1875 and
later, made atiidavits and public state
ments that the Standard Oil company
of Ohio had no interest in these sub
sidlary comPanies7'
Fails to Remember.
"'I cannot say anything about state
ments they have made. -
Mr., Rockefeller was asked If he had
not made an affidavit that the Stand.
ard had made contracts with railroads
whereby the Standard had obtained re-
bates for guaranteeing a certain vol
ume of oil He did not recall.
"Dldn't the officers and agents of
the Standard OIL company of Ohio at
that time control a majority of the
stocks Of tho subsidiary companies
with the idea of concealing their real
ownership2'
"1t may have been that the proper
ties were owned by individuals who
were stockholders in the Standard Oil
company of Ohio
Mr. Rockefeller said that he never
heard of the General International De
velopment Syndicate. limited, of Lon"
don, nor did he know whether the Stan
dard owns the Manhattan Oil company
of Ohio
Mr.. Kellogg asked Mr.. Rockefeller
to find out who owns those companies,
and also the London Commercial Print
ing and Investment company and the
Security Oil company of Texas.
Counsel for the Standard Oil com
pany offered to furnish this. and also
Standard from 1882 to the present time,
Mr.. Rockefeller, In reply TO Ques.
tion, said:
"I may be director in some rail
roads in the United States. but at this
moment / do not recall railroad in
which | am "a director
"Arc you largely interested in rail
company is doing businessl"
Has Railroad Interests.
'I am an investor, / may have stock
in a railroad company over which oil
shipments may be made.
Mr.. kellogg asked Mr.. Rockefeller
if he was not interested in Wisconsin
and other railroads in which certain di-
rcctors of the Standard Oil wero also
directors.
II own bonds in the Wisconsin rail
roads
'.Were you interested in the stocks
aud bonds of the PENNSYLVANIA
''No, excepting at different time a
small interest IN the bonds. ] may
have considerable interest in the bonds.
Nv stock holdings are inconsiderable,
II presume I may have stock in six
or eight railroad corporations. My
holdings are principally in the bonds, y
"Csn YOU name tho railroads ~
AZ prefer not TO mention the RAIL
roads. lncSc GoOulN StuJleIlsn db lHS
stock exchange over there would not
think il very wise. 7 personally should
not care to parade my interests unless
it is necessary to further the cause Of
Justice.
Mr.. Kellogg told Mr.. Rockefeller that
he could prepare list for submission.
Mr. Rockefeller said that many stock
holders OF the Standard Oil had taken
interests in railroads and that his brother
William had preferred this form of in
VcStmeut.
Loans in Wall Street,
MIR. Rockefeller was asked about the
large amounts ot money which the stand
ard had loaned in Wall street. and ha re-
piled that the Standard could not always
obtain tho amount of money IT required
from banking interests. and of necessity
II kept n largo amount or money,
which 81 loaned out. but which could al
ways be obtained. He understood thar
the company loaned out about 100000 600,
hui no larger sum than that.
Mr. kellogg reverted 10 the question ct
Mr.. Rockefeller's investments In railroads
al rhe present time.
OBJECTION was made by counsel. ana
Mr.. Rockefeller said nc could not give Il
statement about his holdings Of bonds
He added: II do not buy stocks and
permanently hold them. ms do the bonds
have no large holdings In railroad