Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1911-12-05
entire CHANGE OF OFFICERS
NOT A SINGLE ROCKEFELLER is
NOW CONNECTED WITH THE
PRESENT COMPANY.
IN name ONLY
Mr.. Rockefeller For Ten Years Has
Taken No Active Part in Affairs
of the Trust"

NEW YORK, Dec. John d.
! Rockefeller terminated his career as
tho head of the Standard oil company
today.
With him there also retired most
of the conspicuous figures in the
"oil trust" Not Rockefeller remains
among the Officers and directors OF
the Standard Oil compay Of New
Jersey, chief of the oil corporations,
which was the holding company up
to the time OF the recent dissolu-
ton of the great combine.
william Rockefeller, William G.
Rockefeller, c. NJ. Pratt, II. NJ. Flag
Ter, e. r. Bedford and others, whose
names have been prominent in the
oil business stepped behind the
scenes today.
John D. Archibald one of the few
members Of the ''old guard to re-
main became president Of the Sand
ard OIL company Of New Jersey and
will control its destinies.
John ID. Not Present.
John d. Rockefeller was not pres
ent at 26 Broadway, the headquarters
Of the Standard OIL. at the special
meeting in which his resignation was
acted upon. Tho termination of the
business career Of the man who ac-
quired a unique position in history
and amassed what Is generally re-
| lnI 10 t,pix 70
in the world. was a perfunctory pro-
ceeding. It had been planned in ad-
vance, although the plans had been
kept secret. All the information
vouchsafed at 26 Broadway came in
the shape of brief statement an
nouncing the changes
Decision fastened 1t.
Today,s action affects not only the
new Jersey company, but a number
of other corporations in the Stand
ard OIL group. Although the list of
officers and directors is virtually
made over, the active management
will be changed but little. To what
extent today's action is an outcome
of the dissolution of Standard Oil
was not disclosed from any author
itative source. 1t is generally under
stood the decision OF the United
States supreme court merely hassen-
ed the retirement of men who ad-
vancing years made 1t certain they
could not retain their places much
longer.
10 Al hat Afr "
and his assistants thought younger
men should rearrange the affairs Of
Standard OH until the new settle
ment.
An Infrcqucnt Visitor.
Mr.. Rockefeller for nearly ten
years has been only nominally assoc
lated with Standard Oil. He has VS.
tied 26 Broadway only about once
o year and his stays were generally
limited to a few minutes. After the
death of II. II. Rodgers Mr.. Rookie
feller's visits became more frequent
for a time, until gradually respon-
sbilty was shifted to Mr.. Archibald.
The succession of Mr.. Archibald to
the presidency has been expected
John Moffett who was elected first
vice. president of the New Jersey or
ganization is one of the best known
of the new men in the Standard OIL
company. He was president Of the
Standard oil company of Indiana
when Judge lands imposed the s29,-
100000 fine upon that company.
w. C. Teagle, elected second vice.
president. is man under 40-years,
but long ago acquired reputation
for marked ability in the oil trade.
He was an Independent refiner In
Kansas state when he sold out to the
Standard and took a position as head
Of its export department. which isl
said to have developed enormously
under its management He was elect
ed director in June, 1910.
From authoritative sources It was
learned that the Standard oil COM
pany Of New Jersey has no intention
of changing It's present capitalza-
ton Of S10O. 900, 900. Two new vice.
presidents were elected. They are: b.
c. Bradford, and W. c. Teagle. The
other vice president. ]. NJ. Moffett, re
mains In office.
william Rockefeller and his assis-
tants at the head Of the Standard
Oil of New York. also resigned. II.
C. Folger Jr.. was elected president
of this company.
All the previous officers and tii-
rectors OF New Jersey also resigned
today Of subsidiaries with which they
had been serving. Their successors