Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1912-10-05
.ARCHDOLD DID NOT APPEAR
FAILED no APPEAR IN ANSWER
10 \ SUBPOENA SERVED
ON HIM.
HE MAY Be IN CONTEMPT
IWill BE Given Chance 20 Explain BE-
fore Proceedings Are Started
Against Him.

NEW YORK, oct. Effort NJ
counsel for the Waters Pierce Oh
company to trace ownership Of tns
bonds OF the Indicted Magnolia PETROL
cum company of Texas were suoces-
ful today, when 1t was testified that
$2,i0i,000 worth Of the securltie,
were purchased by John ID. Rocke-
feller This revelation and the tact
that Jorn u. Archbold failed to obey.
a subpoena summoning him as Wit
ness stood out as features of the hear
ing In the litigation over the attempt
of the standard oil interests to gun
control of the Waters Pierce co.
The taking of depositions In this
city was closed, as trial of the case
In the Missouri courts at st. Louis ~
scheduled for oct. s, but the failure
Of Mr.. Archbold to respond Co his
subpoena and the inability OF tho
Waters Pierce counsel to find other
Standard OH witnesses wanted, will
be made the basis, il was learned, FOR
~ "PP'AN"h"l ~ poolpoHt tHe lIldi
until further testimony can be taken.
Failed 10 Appear.
Mr.. Archbolds failure to appear
was certified to the court by COM
missioner Jacobs, and the question
OF taking proceedings against tho
Standard OH executive for contempt
of court is being held in allegiance.
1t was stated, for a possible explana-
ton from Archbold.
The testimony that Mr.. Rockefeller
had purchased the Magnolia company
bonds was reluctantly given by John
A. Hance. senior partner of the firm
Of Jessup e. Lamont commonly known
as Standard OIL brokers. 1t was
concluding link of chain Of evidence
by which the Waters-P Pierce attorney
has been trying to prove that stock
holders of the dissolved Standard OIL
Co of New Jersey have violated tho
decree of the United States supreme
court by perpetuatng control Of tho
refineries in Texas. The Magnolia
company is held by the Waters
Pierce interests to be the successor OF
the Security OH Co Of Texas winch
was separated from the Standard by
the decree.
Had u Customer,
After denying he had any communl-
cation with Blair and Co. until they
had called him up and offered MN
the bonds, as "a business proposition
from one broker to another" Mr..
Hance was asked if he knew anything
at the time about the Magnolia Pc.
troleum company.
"Only vaguely. l had read of some
such company" he replied
How did you come to buy bonds
you knew nothing OFF"
"Oh, | had customer"
"Who?"
DO you want me to tell you? Welt
it was John D. Rockefeller" said tho
witness, somewhat dramatically.
when l heard the word petroleum
| had pretty good idea whom to Of
fer them"
Mr.. Hance swore he had not talked
with Mr.. Rockefeller about the bonds
personally but had told Mr.. Rookie
fellers secretary f.. V. Cary. that
they were for sale and that Mr.. Cary
told him to buy them for his employ
er.
Charged Small Commission.
The bonds were paid for out Of
funds Mr.. Rockefeller had on account
with his firm, the witness said. but
could not recollect If Mr. Rockefeller
had made the purchase by check.
He had charged Mr.. Rockefeller
one-sixteenth of one per cent CON-
mission on the transaction, re declar-
ed, Instead of one eighth, because "Mr.
Rockefeller is a member Of the stock
exchange. 1t was broker to broker"
Testimony given by X. c. Velt soc-
retary of the Standard OIL company Of
New York. that, since the dissolution.
his company had never FURNISHED the
Standard oil company of New Jersey