Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1908-11-26
ROCKEFELLER
FINISHES STORY
Had to Name the Railroads Yes
terday in Which He Holds
Stock.
]. D. ARCHBOLD CALLED.
GIVE Much Detailed Information Re-
Eardins Early Production Of Crude
OIL and Development Of ripe
Linc.--Hesrinx VIII De Ad-
jcurned until Monday.

mOny In the federal suit 10 dissolve the
Standard on company. John D. Rookie
Teller threw eomc unexpected light on
the long popular question Of what chan
nels OF Investment he turns his tremend-
Gus earnings from tho oil combination.
Mr., Rockefeller was loath TO state the
names of the railroads in which his in
vestments were made but did so after
entering his objection. lie declared that
his hodings in railroads consisted chief
~ In honda.
After some legal contention by counsel,
Mr.. Rockefeller said ne held stocks In
the Delaware, Lackawanna & Western.
the New York Central, the Pennsylvania.
the Western Maryland. the Missouri Pa
cif,c. the Texas Pacific and the Colorado
Southern
John p. Archbold. vice-president Of the
Standard. proved a mine Of detailed In
formation, under the direction OF the
company's counsel. regarding the early
OF crude oil and the develop
ment OF the pipe line system.
II Is n0t unlikely that an adjournment
will be taken tomorrow night until next
Monday.
ROCKEFELLER'S CLOSING TEST1-
MONY.
When Mr.. Rockefeller went on the
stand Attorney Kellogg read what he said
was a list of the stocks obtained by the
Standard Oh Co. OF New Jersey In 1899
for which It had exchanged Its own
shares He said that 4427 out OF total
of 9SS, $50 shares first issued were In the
name Of John u. Rockefeller Mr. Rookie
Teller said he did not own SO much stock
as that but did own z58.s4 shares OF the
Standard OIL Co. of New Jersey at that
time and that he accepted tho other stock
and distributed II to the proper stock
holders. He added that frequently the
holders Of certificates OF the Standard OIL
trust exchanged them. for stock IN the
Standard OIL Co. of New Jersey rather
than accept shares Of the various sub
sidiary companies.
The stockholders took their shares In
tho various companies and turned them
over to the Standard OIL company OF
New Jersey?" asked Mr.. Kellogg.
yes That Is what I did. turned
over my trust certificates to the liauidat
ing trustees and obtained a paper or
which I secured shares in the constit
uent compani which l turned in to thu
Standard OH company Of New Jersey"
Mr.. Rockefeller said no never acted a!
attorney for anyone In this process o
liquidation. Mr.. Kellogg stated tina
Henry NJ. F1agler first received $500
shares and later 1880 shares additional
Mr., Rockefeller said he thought Flagle
did not own any such amount Of stool
but could not say whether he accepted
D.. o% Htotr
LIMITED COMPETITORS BUSINESS
Mr., Rockefeller was asked II he en-
tered into a contract ~1thScho'ed. Schur-
mer & Teagle In 1876 whereby the flrn
agreed to limit the business Of its re
fnery in consideration OF certain pay
ments by the Standard. Mr.. Rockefeller
replied that such contract had beer
| entered into but he did not recall its pro
| visions.
did the Standard bring suit in Ohio /,
1890 against Schoneld Schurmer &
TeagIe to prevent Its refining oyer $50,
oo0 barrels Of crude oil year and t,
prevent It's acquiring ar interest in {
Buffalo refinery"
There was some litigation about tn
refining Of oil. recall nothing ahou
the Buffalo refinery"
"Did you not personally make an ap
plication for an order restraining then
from exceeding their production limi
and to prevent them from building a re
fnery In Buffalo7"
| "As president OF the Standard II wa!
proper for mo 70 sign such an afY1davi
about the production Of oil being ex
ceeded by the company" Rockefeile
admitted that Schoheld. schurmer ant
Tcagle may have claimed the Stan
dard was trying 70 obtain a monopol.
OF the refining business IN Ohio. TIL
witness said a similar contract wa
made with the Pioneer OH company
but he could not remember whether h
lstated in the contract that tho Stan
lizard operated refneries only in Cleve
Hand and Bayonne. Ho understood. h
lsaid, that he had made an affidavit 4
connection with this contract to tn
leffect that the Standard OIL compan
Of Ohio had not owned any stock O
lany railroad or a pipe line"
"You were trying TO give an impress
sion at that time that a large numbe
OF the companies you had acquired In
Iterest in were not controlled by tn
Standard OIL company of OhioT
II tried TO give the status. at tha
time"
: KEPT AGREEMENT SECRET.
Kellogg asked tho witness II ne MAJ
, II known to anyone Mt that time that
had an interest In the companies includ
in the trust agreement OF 1873 and II
| was not a fact that this agreement W
kept secret while he was combining Il
I companies.
: IT cannot say, but think II must ha
! been known to a number Of people on
, side OF those who signed II" repli
= Rockefeller.
Z us II not a fact that Archbold. Fiagl
n and others In 1876 and later ma
T afridavits and public statements that (
: Standard OH company Of Ohio had
n interest IN these subsidiary companies7'
: " could not say anything about I
statements they may have made concer
= ing tho Standard"
= Mr.. Rockefeller did not recall II he h
n made contracts with railroads where
e the Standard had obtained rebates
J. guaranteeing a certain volume OF oil.
n "Didn't tho officers and agents Of
y STANDARD OIL company Of Ohio at II
" time control a majority Of tho stoc
/. Of the subsidiary companies with
. idea Of concealing their real ownership
?, ut may have been that tho propert
" we're owned by individuals who W.
!. stockholders in tho Standard on compa
= OF Ohio"
LOANS ON WALL. STREET
Rockefeller was asked about tho la