New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-12-05
ROCKEFELLER RESIGNS
Ends Official Life of 41 Years in
Standard Oil Co. of N. J.
FEW OF "OLD GUARD" LEFT
With Him Go Brother and Henry
NJ. Flagler; John D. Archbold
Becomes President.

John II. Rockefeller Yesterday severed
his official connection " .th the STANDARD
oil Company of New Jersey. of which he
had been president ever since it's organi-
cation. i'm 1870. and with him went prac-
ticallv AN the remaining members Of the
"old guard" of the company. including
William Rockefeller and the venerable
Henry NJ. Fagler. who helped 20 create
the trust"
John H. Archhold, who has long been
the active head of the corporation. sue
ceeded Mr. Rockefeller as president and
the places of the other retiring officers
were taken by younger men in the CONF
pany. The officers and number Of the
directors Of the Standard Oil Company OF
New York. the principal subsidiary of the
trust" also resigned. and. as in the case
Of the parent COMPANY were succeeded by
the younger generation of Standard on
men.
Besides the men already named who re-
signed from the Standard oil Company OF
New Jersey, Charles VI. Pratt. who is one
Of the oldumers. retired as vice-president.
but continued as a director; II. c. Folger,
ir resigned as secretary and a director,
L. j. Drake as a director and William q.
iRockefener as assistant treasurer The
RESIGNATION of the last named removed the
last member Of the Rockefeller family
from any official connection with the com
many II was announced also that all the
men holding Office or dictatorship in the
iStandard Oil Company of New Jersey, as IL
was organized before the Supreme Courts
decision forced il TO distribute the stock of
ithirty-four of its subsidiary companies
among its stockholders. had resigned from
THE boards Of these various companies upon
which they had been serving.
Another resignation was that John d
5Archbold, who was subsequently elected
president. as a vico-president Of the COM
i-pany. The only other officers elected TO hi
the places OF some Of those who retired
,were A. c. Bedford and W. G. Teagle' both
,of whom were made Vice-presidents. MI
bedford was continued as treasurer or the
company, an Office he has held for several
wears. Other changes in the management
were the election of Charles T. White as
secretary. 10 succeed Mr. Folger, and OF
FRANK Wilson as assistant treasurer IN
tplace Of William G. Rockefeller. r. II.
Bedford was elected a director I'm place OF
his brother, y r. Bedford who resigned
week ago.
The man agement Of the company as now !
constituted is as follows: John D. Archhold'
ipresidsnt, j. a. Monett, vice-president' \.
c. Bedford, vice-p president and treasurer
Nv. c. Teagle, vice-president; charles j.
White. secretary. and Frank wilson as |
sistant treasurer. All Of the above with
the exception Of the last two and &. NJ |
Pratt. c. W Hardness. O. T. Wanns'
r. Il Bedford and Walter Jennings make
up the board Of directors.
New York Company Changes
The changes in the management Of the |
Standard on Company of New YORK
were even more sweeping than in those IN
tine parent concern. The men who retired
we've william Rockefeller as president and
director. j r. Archbold as Uce-president
and director. 49, g. Folger jr, as vice
uresfdent William g. Rockefeller as treas
urer. Frank Wilson as secretary Charles y.
White as assistant secretary, and Charles
NJ Pratt. j. A. Moffett A. G. Bedford, J..
Drake and W. G. Teagle, as directors.
H. g. Tolger ir. was subsequently elect
ed president: IT, l. Pratt and w. +. Bemis,
presidents and directors, r. c. Vet,
secretary and a director; r. =. Tinsley'
treasurer. w. IIiggs. assistant secretary,
and W. r. King II. a. MCGEE. @. NJ. Hig-
gins and James Donald directors
The changes iu the arrangements Of the
two comDanies We're made at special meet |
tngs of the directors held at tho Office of
the Standard Oil Company, at NO. %
Broadway. John D. Rockefeller was not
11resent 10 hand over the management or
the company he had founded 10 his sue
cessor. but most of the other retiring Of
fcers and directors We're on hand to turn
over their various offices 20 the men who
succeeded them The announcement OF the
, changes did not cause much surprise ~
wall Street. as 1t has been rumored for
acme time that the "old guard would re-
fire. following the segregation Of the
,fhirty-four subsidiary companies OF the cor
roration. IN accordance with the Supreme
Courts decree. which took place on De
cembor T. That Mr.. Rockefeller would re-
Z tire as president Of the Standard Oil Com
many Of New Jersey, and would be sue
oeeded by John y. Archbold. was predicted
in The Tribune two weeks ago.
John d. Rockefeller, whose career or
1ronderfIl business success IS familiar to
every reader Of the newspapers and maya
vines is now seventy-two years old, naY-
ing been born on July S, 1889 For the
last ten years he has taken no active part
An the management Of the Standard on
CouDany. and has made only few visits
20 his offices, at 80. 90 Broadway al
tbough. Of course his experience and his
counsel have been available at all times
10 his associates in the direction OF the
great corporation, the interests Of which
extend all over the world. His retire
nent from the Standard oil Company
eliminates his name from the DIRECTORY
of Directors
Carnegie Showed the Way.