The evening world. [volume] (New York, N.Y.) 1887-1931, 1908-11-24

cree Ferris in the Custom House at 10 70
this morning the oil King. punctual as
the milkman. took the witness stand.
| Bowling benignly upon all and sundry.
Mr.. Rockefeller took the swivel chair
alongside the referees desk on the little
platform in room 500 and waited pa
tiently for his inquisitor to begin.
MIR. Rockefeller" began Mr. Kellogg.
''in the list of securities held by the
Standard OH Company in 1899 which has
been furnished by you to the Govern
ment, note that many of these Sc
curites are held In your name. l as
I,sume that you did not own them-that
this was done merely for convenience
but l would like to ask you about them.
i refer to the securities taken in ex-
change for the shares of the various
subsidiary companies which belonged to
the trust agreement of 1882"
Il did not own anything like the num-
Der of $4,000 shares which are credit ed
to me-" said Mr.. Rockefeller. II as
sumo that | did really own 2j6, SOL
shares"
The total stock issue was 9SS 3S3 shares
The others then We're, / assume. held
in trust by YOU to be distributed to the
true owners who had turned In stock of
the sub-companies, and who were emit
tied to Standard Oil stock In exchange -
1t was matter OF help to many peo-
pie instead of taking small fractional
interests to have their holdings of trust
certificates carried by us" said MIR
Rockefeller. Il presume that is tine best
! eXplanati ton"
I .
stock were held in trust by you, were
they not?" said Kellogg. handing the
witness long list of names.
THAT l cannot say" said MIR. Rookie
| Teller.
The Plan as Agreed Upon.
THE plan was this When we liuui-
dated the trust agreement. every stock
holder in any subsidiary company
could exchange his stock for certificates
of stock Of the Standard Oil Company.
OF New Jersey That was the process
that went through with. and pre-
sumo all the others did the same
thing"
How many stockholders were there?'
II could not say-a large number"
Then isn't it true that these small
Shareholders put their shares OF stock
| in:o your hands as their attorney in
fact?"
Perhaps So began Mr. Rockefeller.
but John G. Milburn broke in TO say he
didn't think Mr.. Ro. .sefeIler understood
the question, Taking the hint the wit
ness avoided any possible trap by say
ing he held no power of attorney for
anv one, although he might have car
riel shares belonging 10 others in order
10 be able TO issue certificates Mr..
Rockefeller admitted that Mr.. H. NJ
Flagler was also credited with carrying
large blocks OF stock. but he didn't
know the circumstances OF this.
sact to Early DAYS.
Mr.. Kellogg now jumped back to the
early stages of Standard Oil develop
ment He wanted to know II Rockefe-
Ter knew Scofied. Schermer and Teagle,
refiners at Cleveland
Yes. l knew them" said Mr.. Rookie
Teller
did you. in 1876. enter into n contract
Win them for which. during period of
ten wears, they should not use over 49,
$50 barrels of crude oil per annum in
their refining operations"
We entered into contract with
them. do not recall the terms ex-
actly, but think the figures you quote
were approximately correct"
Was 5000 barrels less than their Gu
pacity?"
Il really could not say"
Did YOU sue them in 1880 to force
them u hold their capacity down to
$500 barrels? And did you at the same
time sue TO restrain them from taking
an interest in a refinery at Buffalo,"
only recall that We had some ltiga-
tton with them.
cant you tell anything about that
sut?"
Il had nothing to do with prosecuting
/ that suit, so | do not remember"
| did You have similar contract with
| the Pioneer OIL Company. OF Cleve-
land, limiting their output for ten
We may have had some contract
would not care 10 say at this time"
Did you say in your affidavit OF
1870 mat your company controlled or
| pioneer Company" asked Mr. Kellogg
reading from a certified copy OF the
affidavit in questi =
~ really could not recall what the
AFFIDAVIT contained. assume stated
~ sec your AFFIDAVIT says that you de,
| MED In 1850 being the owner OF tn,
Warner & Co. refinery or the owner nf y
number OF other plants in Pennsylvania
and ohio" said Mr. Kellogg Now
The, finest tea grown in the wegl !,
cts. At al arocers -