The Birmingham age-herald., 1912-09-18
HEARINGS IN O|L
 SUIT CONTINUED Officials Continued to Con-
 trOl Subsidiary BAYNE IS A WITNESS His Memory of Transactions Poor and He Has Several Spirited Ex- changes With Untermyer.
 Bailey's Name Mentioned
BAYNE IS A WITNESS

New York, September 17.-offieers and employees of the Standard oil company continue to control the Buckeye Line company. a former subsidiary of the Standard, according 10 D. $. Bushnell, the Buckeye company's president, who testified today before referee in the Standard oil and Waters-Pierce litiga- ton to this effect.
 MT Bushnell told how he was elected president of the Buckeye, Northern and Indiana Pipe Line companies and the New York Transit company in December, 1911 This occurred within an hour after the dissolution decree against the stan dard became effective at the headquar- ters of the Standard, he testified
 President Bushnell said the directors ber 1911, 0. s. June. R. l.. Bates. ' W. Dillon, l.. c. Welch and himself. al- together owned five shares out or 2oo.- GOO shares Five directors had been Tn the employ of the Standard OH company or it's subsidiaries for years, the presi- dent testified. Each received raise In their pay after election and were sub SC quently made officers of the company.
 
 Stockholders Sent Proxies
 A meeting of the stockholders devel- oped proxies from the majority holders of the other 1s9,995 shares outside of the five he mentioned, MT Bushnell testihed. George Chasbrough, our secretary and myself" he stated, filled out proxy blanks" He said his name and MT, .Iune's name were attached. He sent these proxies to John D. Rockefeller, John D. Archbold, James Moffett and other stockholders. They were returned signed properly.
 Samuel Untermyer, Waters-Pieree lawyer. sought to have Mr. Bushnell say that he was put in office by Rockefeller, Archbold and Moffett, and was. respon- sible to them. Witness insisted that he did not know who put him In office. He was responsible only to the directors ie said. The three other pipe line com panies had all held meetings since, he said The procedure was substantially the same in all four instances.
 On cross-examination Bushnell said the companies reorganized had been managed without the suggestion of any officers or representatives of the Standard oil company of New Jersey. The pipe lines they controlled, he said. formed one con tinuous link. Mir. Bushnell said he bought one share of stock in the Indiana com pany and one in the Buckeye about the time of his election as president to quail ifv him to hold office He had never owned stock in either before, he tes- tifeh.
 Baynes Memory Poor
 The days session concluded with tes- timony by Samuel c. Bayne, president of the Seaboard National bank. who was aIro president of the Securities oil com pany of Texas.
 MT Baynes memory was poor and he had several spirited exchanges with Mir l'ntermyer The witness declared he did not know how many years he had been president c. the Seaboard or whether 1t had any connection with the Standard Oil company. but he said many oil men were deposjtors, and John D. Archbold was named as a stockholder.
 The witness was an organizer of the Securities oil company in l9o3. He said he went into the company simply be- cause he lad been promised the presi- dency and although at it's head during it's entire existence ne cOulu not TecOi- lect where the office of the company was. MT. Untermyer asked specifically if i. was at IS Broadway, the same ad ress az the Seaboard bank, but the wit ness denied any recollection of the ad- dress.
 When questioned as to his salary. he replied to MT. Untermyer. "it Is none of your business" but as to work he did for the Securities Oil company, he admitted, nothing at all
 Have you told us all you know about the affairs of the Securities oil com pany?" finally asked Mir. Untermyer.
 "All that is on the surface of my mind, replied the witness.
 Probably there is more underneath.
 Asked If he would try to refresh his memory overnight, MT. Bayne declared: T will not Why should I? l don't care about the matter
 He refused to answer. when asked if Senator Bailey of Texas had been em- ployed 10 draw up the charter of the Securities oil company. He said later that a.: Senator Bailey did, SO far as he could remember. was to select Il name for the company.
 You paid him s5ooo. didn't you?" asked Mr. rntermyer.
 ..l don't remember.
 If was at this juncfure that the hear islg slJcdrned until tomorrow.