The Barre daily times. (Barre, Vt.) 1897-1959, 1908-11-20
BUILDING UP
THE STANDARD
Rockefeller Tells Of BeSettlng
Difficulties
THE IMPORTANT PART
Played by the Railroads.&c. "ol King"
Continues His Story-Kellogg to
Take Up His cross-examina-
ton Soon.
THE IMPORTANT PART

New York, Nov. 20s-John d. Rookie
hsller went on the witness stand whcr
the Standard oil hearing was resume,
yesterday forenoon. His counsel sale
that Mr. Rockefeller would probably b,
on the stsHd al day.
II vas announced that after Mr.. Rock
sfellsrs cross .sxauInation by the gov
ernrrnt counsel, John D. Archb0ld, vice
president Of the STANDARD Oil company
I will take the witness stand.
The hearing was transferred yesterday
| TO large room in order 70 accommodate
numerous counsel and reporters. Police
mon we're stationed IN the corridors and
only those having friends connected with
the proceedings were permitted 20 enter
Mr.. Rockefeller was smiling as he took
The witness stand and resumed his testi.
muny.
llr. Rockefeller's counsel again called
his attention to the uncertainties Of tho
oil business in the early 7o's and asked
him what bcaring the supply Of raw ma
tensl had thereon.
II had an important bearing and must
alVSys Save such importance. "A We
Heysr know when the supply nay give
out rendering the properties for the re-.
firing Of Oh comparatively Yalulcss," re-
nhed tis. RDckefsHer Re added that in
The carly days Of the oil business the
supply q crude oil vas Limited to a
sfaHll srea, coming principally from We
mango county, PenHf5iyuniS.
1ir. Rockefeller said that the oil busi.
ness was made haEkdous because OF the
apprehension that yhe supply OF crude
oil would he exhausted. Some OF the oil
wells were very short lived.
Mr.. Rockefeller counsel then asked
him il he recalled that a producers union
was formed At the tins Of the agitation
regarding the Southern Improvement
company.
Yes replied Mr.. Rockefeller. 1T
was formed a Ettle later and was com
posed Of large proportion Of me oil
producers" That led 70 sn association
If oil refrers wko were DESTROYS of
having a supply Of crude oil whish was
not controlled BY interests antagonjstic
to them ard the refners also wanted TO
BE- assured Of a market for their raw
material We desircd pleasant rela.
tons with the producers, said MI. Rock
efcller.
In December, 1872. 1Er. Rockefeller said
the Producers Union and the Refners
entered irto an aEresrusnt,
TIE purpose Of whea was 80 secuys
as high a price for the crude oil as
possible" and to introduce an element
Of regularity into the business, which
had been huctusting greatly. Mr., Rock
efeler was unable to give the number Of
producers in the union, but 1t included
a laree percentage OF all Of them and
the Redrers association included large
proportion OF the resners By direction
If his counsel 5fr Rockefeller noted that
the agreement fixed the price Of all
crude oil at SIS per barrel at common
points
The operation Of that agreement, he
said, stimulated an over production of
oil beyond what tho refrers could use at
that price The temptation was very
great with the producers 10 develop more /
OIL than they Rad promised to the re.
iners The rskners could only take a |
nlch oil as the public would consume, /
As q result the producers violated the /
agreement and sold oil under the price
which had been fixed The agreement /
1id not last long, said Dir Rockefeller
IN order to secure doekare facilities |
and to make shipment to Europe, the
Standard Oil company purchased the