The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-12-05
ROCKEFELLER IS
OUT OF STANDARD
Family Name Is No Longer
Linked With Famous
Oil Concern
OTHER STALWARTS TO
STAY WITH COMPANY
Archbold at Head With Capt.
tai Unchanged" Boys
Promoted Come from
Rank and File

NEW YORK, Dec. 4.--The family
today from all official connection with
the Standard OIL Company, and its
many Subsidiary branches.
When this commercial call Of 'tAps'
sounded today. 1t not only spelled
retirement for John D. Rockefeller,
but he was followed into retirement
by william Rockefeller, William G..
Rockefeller. Henry W. Flagler. E. r.
Bedford and L. F. Drake, all noted
members Of the Old Guard. John D.
Rockefeller. Jr. stepped out about
q year ago.
But still other stalwart members
Of the Guard will remain with the re-
ogAnized and Independents" Standad
OIL Company OF New Jersey. John
D. Archbold succeeds John D. Rock
efeller a. president: J. A. Moffett. be-
came vfce-president in place Of Will
liam Rockefeller; Charles w. Pratt,
steps from tho directorate OF the
Standard Old Company Of New York,
into the New Jersey company. and H.
c. Folger. Jr.. who ras secretary. as
sistant treasurer and director OF the
old holding company. becomes presi-
dent Of the Standard Old Company Of
New York. succeeding William Rookie
TELLER
What does this retirment Of the
Rockefellers and certain members Of
tho Old Guard Mean" was asked Of
J. I. c. Clarke. who announced the
changes and to whom all inquiries
were referred.
why. It 10 obvious what It means"
said Mr.. Clarke. These new COM
panies are now stepping out on the
firing line and the veterans must re-
tire as In any we'll regulated army"
Exactly what IL the status Of the
news Standard OH Company Of New
Jersey?"
Stasus Of Company.
why the Standard OIL Company Of
New jersey existed a. . manufacturing
and operating company before Il be-
came . holding company: now -
it, holding qualifications have been
removed. II remains q manufacturing
and operating company"
Thus Mr.. Clarke delivered the
valedictory Of the so-cailed parent Of
Standard OIL
But while Mr.. Archbold and q few
OF his old colleagues still remain In
the chief executive and administra-
tive positions. many new names, prAc-
tically unknown In the realms Of a
nancial giants, appeared today a. the
new members Of the directorateA
The two special meetings wore held
during tho day. These were called to
choose directors Of both companies
under the Independent re-organixa-
nonuncement was made over the tick
ers that the Rockefeller family had
retired. At o'clock an official
statement revealing the exact changes
was made public by Mr.. Clarke. ~
OFFICIAL publicity agent Of the company
At No. &c Broadway.
Mr.. Clarke informed the Newspaper
men that the individual directors
would issue no StAtemonta
Capital Unchanged.
Although the matter was not touch
cd upon in the Official statement 1t
was unofi1cially given out that tho
capitalization Of the New Jersey Com
pany at 31oo.ooo.ooo would remain
unchanged.
Although no one could b. found
who would attempt to explain more
clearly than did Mr.. Clarke just why
tho Rockefeller family has stepped
out, II II generally accepted that while
the Rockefeller will have no repre-
sentation In person in any Of the
fact, they will be represented In all
OF the companies
Although the list Of officers with be
changed In each Of the numerous
companies the active management
will be changed but little. Tho new
names which appear IN the list Of
directors have been drafted from the
distributing. export. manufacturing
and other industrial departments Of
the VARIOUS compAnieA To what ex-
tent to-kRy.a action II an outcome Of
the dissolution Of Standard OIL by
the Supreme Court edict was not dis
closed from any authoritative source.
RcIMlls Carnegsc.
In q way Il recalls Andrew Car
negie's action at the time Of his re-
tirement from Steel. He placed the
responsibility upon the shoulders Of
my boys" And those who heard the
new scheme Of things. explained to-
Rockefeller's Boys were being brought
to the front.
John D. Rockefeller did not appear
at the meetings. He remained at
Pocantico Hills For ten years Mr..
Rockefeller has been only nominally
associated with Standard OIL He has
paid annual visits to 2S Broadway.
but the active direction shifted to
Mr. Archbold shortly after the death
Of H. H. Rogers. The succession Of
Mr.. Archboid to the presidency has
been anticipated.
Tho changes had no effect upon
Standard OIL stock on the curb. There
10 some interest In the prospective
action on that stock tomorrow - the
announcement to-day came too late
IN aRAnt tho vkAf