The Washington times., 1908-11-30

NEW YORK, Nov. so-John D. Arch
bold reopened the standard OF wonder
book today ana confirmed the tale o.
has favCsite tru - arvslous groVtl
which vas iut ht $40 dls2as a
l8t WHc JadeeT -
cree I'm the Governments dissolution
suit, ordered Thanksgiving adjourn
meut
AS the chapter to which John D.
Rockefeller successor in the manage
meut of the company turned his at
tenuon dealt with the more recent, and
for the purposes OF the suit perhaps
the more Important. years of Standard
OH development. The Governments
counsel were ou hand with an unusual
showing OF documents and exhibits for
the purpose Of checking up the wit
ness account with the Governments $
uueXpurgated and most approved YER
sion.
The hearing did not begin until half
an hour after the usual time, as ATorirz
kosenthaI spent his THANKSGIVING fin
Chicago and could not change the rail
road time table. Mr. ROscnthaI is the
STANDARD oil counsel who is deftly lead
ing Mr., Archbold in direct examination
along pathway that Frank g. kellogg.
the Governments chief counsel. saws is
plenufuily beset with pitfalls for the
unwaTy. So the hearing could not pro-
cced until Mr.. RosenthaI arrived.
Though by no means the drawing card
that John d. Rockefeller proved himself
10 be during his five days engagement
on Judge Ferris witness stand, Mr..
Archbold is attracting a large crowd.
and the room on the fifth floor of the
new customs house, where the hearing
is held. was well filed long before pro
ceedings began.
There is just a possibility that Mr..
Rockefeller may Play a brief return en-
gagement, as Mr.. Kellogg reserved the
night TO examine him further. If he is
not recalled, William Rockefeller prob
bold finishes.
But the present witness may not get
through for week or more.
RosenthsI Examines.
When Mr.. Archbold took the stand At
touey RosenthaI continued his direct
examination. First he directed the at
Jenti0n of the witness TO the BayIis.
Keith & Chester agreement OF April.
1873, and the signers We're identified as
stockholders of the Standard Oil Com
pauy of Ohio. Mr.. Archbold was asked
the reason for the agreement. and he
replied that il was a method Of holding
the property of the Standard Oil Com
pany of Ohio ia common ownership Mr.
ROSeuthai then turned TO the agreement
of 1852. and the witness said that all
the siguers were shareholders in the
Standard Oil Company of Ohio, cOnse-
quently henenciaries of the Baylis,
Keith q Chester Company.
The Standard OIL vice president said,
in answer to question, that twenty
trust certificates of Baylis, Keith &
Chester. We're. given for one share of
Al this point. Mr.. ArchboId reiterated
some o. the Rockefeller testimony by
tesufying that the capital of the STAND
ard Oil of Ohio was S5,9VoO0O and that
the capital of the Standard under the
trust agreement was $l00000O0. The wit
ness said that 100000 of the S70,0 900
was represented in pipeline invest
Bought for Cash.
DeIvinz deeper into the details Of the
trust agreement Of 1852. Archbold said
that the companies which We're ac-
quired by the Standard were bought for
cash. Asked directly why the trust
a agreement was formed, the witness re-
pIfed thar its primary object was to
make il a simple and effective form of
holding interests acquired or to be ac-
uuired It was made necessary by rea-
son of the scattered condition of the
Standard interests.
The Acme oil Company was acquired
bv the Standard, but Mr. Archbold
could remember none of the fOrmu-
latOrs of that company save himself. It
was forced by the Acme Oil Company
lCoutinued on Fifth Pagel