The Birmingham age-herald., 1912-09-20
Higgins and King Wanted by Waters-Pierce C0un-
 sel for Examination
VET TELLS OF THE
 JAPANESE EXPORTS
Witness, Who Is a Director of the Company, Declares He Does Not Know What the Presi-
 dents Salary Is

New York, September ia-Two wit nesses, directors of the Standard oil con- pany of New York, wanted by counsel for the waters-Pierce oil company m defending action brought hy Standard OH interests to obtain control of the com pany, cannot be found, it developed in tes- timony taken today. The men are c. M. Higgins and ". R. King, whom Samuel Untermyer, counsel for the Waters-Pieree l company. is anxious to examine to deter mine to what extent the Standard Oil company of New York eompetes with other subsidiaries of the dissolved Stand ard oil company of New Jersey. MT. 1 Untermyer contends that the dissolution of the Standard oil company of New Jer- sey was 8 farce and that no real competi- ton exists.
 Higgins and King were described on the stand today by R. c. Welt, secretary of the Standard oil company of New York. as men who solicited business for that company in competition with the Standard 1 oil companies of Ohio and Indiana.
 MT, untermyer brought out through MT. Welt that the Standard oil company of New York transported oil on the great
 
 diana and the Imperial oil company. llm- tied, of Canada, both formerly controlled by the now dissolved company,
 How is 1t your company doesn't trans port It's own oil on these lakes instead of transporting for others2Y asked the at- torney
 we have no oil to transport on the lakes" said the witness. l MT. Untermyer then caused Welt to ad- init that his company had a refinery at Buffalo which could be connected with the lakes by three miles of pipe line at the cost of approximately S50000. 1 "Yes. but we are making plans to start building that three miles of pipe line" ex- plained the witness. l But you have not actually started 1t vet, and the dissolution decree was hand ed down nine months ago' commented the lawyer. yelt donled that his cem- pany limited its territory
 List of Stockholders
 Mir Untermyer dwelt long time on the election of the officers and directors of yeit's company in an apparent effort to show that the election was dominated by the same interests that controlled ths Standard oil company of New Jersey. After Mir Veit had produced list of the 1 10 largest stockholders of his company, in- l eluding John D Rockefeller, Charles l Pratt. H. M. Flagler and the estate of l II. II. Rogers. he was asked who sug- gested the names of the officers of the company, including himself as secretary T cannot remember" said the witness. Asked what Is the salary of President H. E. Foger. the witness said he did not know, and did not feel interested to know
 Do you think that a director of the company if is none of your Business to know what the officers salaries are?' .,lr. Untermyer asked. Yes, sir
 Whose business fig 1t on behalf of the | stockholders to protect slem In the mat ter of salaries of the presdent and vice 1 presidentP'
 | T don't know"
 Mir Untermyer tried to show that a man named Dredger, whose former duty 1t was to keep track of the stocks of oil | held by the various subsidiaries was still 1 performing the same duty. 'Tt is thoroughly understood" Mir Veit declared, that MT. Dredger has now no business to keep track of the stocks or any other company but the Standard Oil company of New York | ExpOrts to Japan 1 The Standard OH company of New | York exports to Japan after buying from 1 the Standard company of California, a. 1 cording to Richard Vet, who so declared l today in declaring his testimony before a referee In the Standard oil and Waters Pierce litigation.
 Why does not the California company export to Japan?" Samuel Untermyer | asked.
 "I do not know" replied AIr. Welt.
 The witness said that he failed tu re- member whether the New York company | sent it ships from New York 10 California l to get the oil. It looked ike business he thought for his company to care for 1 the Japanese territory rather than the 1 California to do so, he said
 They might not have tha facilities" he explained, Out they have the facilities l for caring for Honolulu" Do they care for Honolulu?"
 They do," he said
 There is no competition between inc two companies for the Japanese business them"
 NO"
 Each company. the witness said. was l formerly subsidiary of the Standard oil company of New Jersey.
 Secretary Wood of the Borne G scryrn- ser company a former Standard oil sub 1 sdiary. testified that he did not know that his company had ever been guilty l of conepiring to restrain trade
 Did you reform your ways under the dissolution decree of the United States supreme court?'' was the first auestIon. l No, we had nothing to reform"