The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-12-05
John D. Rockefeller Re
tires From Direction of
Famous Corporation.
YOUNGER BLOOD
TO TAKE CHARGE
With Founder of Trust Go Most
of Conspicuous Figures of 2e
Broadway-John D. Arch
bold, Long in Control,
Succeeds to the
Presidency.

New York, December 4-John d
Rockefeller terminated his career as
head of the Standard Oil Company to-
day. With him there also retired mos,
Of the conspicuous figures OF the early
days OF the "oil trust" Not a Rookie.
teller remains among the officers and
directors of the Standard Oil Company
of New Jersey, chief of the oil corpo.
rations, which was the holding com
pany UP to the time of the recent dis.
solution of the great combine.
William Rockefeller. william C
Rookie Teller. c. NJ Pratt. II. NJ. Flagler,
L. T. Bedford and others whose names
have been prominent in the oil business
stepped behind the scenes to-day. John
D. A-chbold. one of the few members
of the 'old guard" to remain, became
president of the Standard Oil Company
of New Jersey, and will control its des-
TIMES.
Rockefeller Not Present.
John D. Rockefeller was not present
at 26 Broadway, the headquarters Of
Standard Oil, at the special meeting
In which his resignation was acted
upon. The termination OF the business
career of the man who has acquired o
unique position III history and amasscd
what is generally regarded as the larg-
est private fortune In the world. was
perfunctory proceeding. II had been
planned In avance, although the plans
had been kept secret. All the inrorma-
ton Nouchsafed at &c Broadway came
In the shape OF n brief typewrltten
statement announcing the changes.
To-oay's action affects not only the
New Jersey company. but a number OF
other corporations in the Standard OIL
group. Although the list OF officers and
directors is virtually made over, the
active management will be changed
put little. To what extent to-day.s ac.
tion Is an outcome OF the dissolution
OF Standard Oil was not disclosed from
any authoritative source. 1t is gen
orally understood the decision of the
United States Supreme Court merely
Fastened the retirement OF men whose
advancing years made II certain that
they would not retain their places much
longer. 1t Is regarded as probable thai
Mr. Rockefeller and his associates
thought that younger men should take
over the work of arranging the affairs
of Standard OIL under the now scheme
of things.
Stays Brief md Few.
Mr. Rockefeller for nearly ten years
has been only nominaily associated with
Standard OIL. He has visited &c Broad
way only about once year, and mis-
stays usually were limited to a few
:AilcI the ueutn OIL ii. Ii.
Rogers Mr.. Rockefcllcr's visits became
more frequent for time. until gradu-
ally responsibility was shifted TO Mr..
Archboid. The succession of MIR. Arch
bold to the presidency had been ex-
pected.
John a. Moffett. who was elected
first vicc-president of the reorganized
New Jersey company. is one of the
best known of the comparatively new
men in the Standard Oil Company. lie
was president of the Standard Oil
Company OF Indiana when Judge Lands
imposed his $29,ooo.o0o fine upon tina
company.
w. ~. Teagle. elected second vice.
president. is man under forty, but
long ago acquired a reputation for
marked ability In the oil trade. He
was an independent refiner In upper
New York State. when he sold out to
Standard OIL and took position as
head OF its export department, which
Is said to have developed enormously
under his management. He was elected
Il director in June of 1910.
From an unofficial source il was
learned to-day that the Standard OH
Company OF New Jersey has no inten-
ton to change its present capitalizati ton
of s100,000,000.