The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1912-10-01
|JOHN D. STILL HAS
THE VOTING POWER
Waters-Pierce Claims the
Dissolution the Shadow,
Not the Substance.

Chicago. Oct. 1.-George w. stahl,
brother-in-law Of John D. Archbold
and secretary-treasurer Of the Stand
ard Oil company Of Indiana. was the
chief witness examined today in the
resumption Of the legal fight between
II. Clay Pierce Of the Water-Pierce
Oil company of ST. Louis and the
, Rockefeller interests.
Daniel E. Kirby and S. w. Bryce,
Jr., both Of st. Louis. faced each 9TH
er as opposing counsel at the hear
ings which are being conducted before
Edward D. Pomeroy. special commits
sioner In the offices of Colonel Fred
A. Bangs. Mr.. Kirby appeared for
the Rockefeller interests and Mr..
F'ordyce represented the Pierce inter-
ests
Counsel for Mr.. Pierce devoted the
entire Gay to efforts to prove their
contention that John D. Rockefeller,
John D. Archbold and other import
ant men in the Standard Oil company
OF New Jersey still own and control
the Standard Oil company of Indiana
despite the dissolution order of the
United States supreme court.
J The hearings are based on manda.
mus proceedings brought by Colonel
Robert E. Sewart of Chicago against
the Waters-Pierce Oil company to
compel its Officers to accept his vote
OF proxies he holds in their CORPORA
ton.
! Attorneys for the waters-Pierce
company announced today they would
endeavor to have Mr.. Archbold called
as witness
The Waters-Pierce officers refused
10 10 accept these proxies on the ground
That they We're controlled BY the
Standard Oil company of New JERSEY
ana al, therefore We're being used illegal
~ in opposition to the decree of the
federal supreme court.
Under the questioning Of Attorney
Fordyce. Mr.. Stahl said that a board
OF nve directors, who personally owned
nut seventeen shares Of stock in the
nnais,ns 1naiana corporation voted 5000
concern was increased from 81 100000
to $"O.0O0.O00 after the supreme court
dissolution order had been issued. He
testified that this was done without
any order or suggestion from Mr
Rockefeller or Mr.. Archbold and Sc
lar as he knew on the initiative of the
five directors.
y never thought of consulting Mr..
Rockefeller in the matter" said Mr..
stahl. Il haven't seen Mr.. Rockefe1ler
for fifteen years. We didn't pay any
attention to him at ALL"
How were Mr.. Rockefeller's per-
sonal stock holdings in the Standard
OH company of Indiana affected by
the increased capitalization Mr..
Stahl was asked.
Mr.. Rockefeller owned 2,4s2
shares in the company when it was
capitalized at one million dollars.
When the capital was increased to
thirty millions. he automatically be-
came holder of 1850 shares The ad.
o1tlonal stock was voted to stockhold-
ers just in the same manner that q
dividend would be declared"
stahl than testified that $50 new
stockholders had come into the In.
diana company since the date the dis
solution order was issued at Washing
ton.
! The witness then was directed to
bring before the examiner a complete
list of both old and new holders Of
stock in the Indiana corporation.
Some amusement was caused when
Attorney Fordyce inquired into Mr..
StahIs personal relations with John
D. Archbold.
rs it not true that you are related
by marriage with Mr.. Archbold." ask
ed Mr.. Fordyce.
Yes" replied Mr. stahl. Mrs. stahl
and Mrs. Archbold are sisters"
Isn't it true" asked Attorney Kir.
by. that you are connected by mar
riage with counsel on the other side
of this fighto"
Yes" laughed Mr.. stahl. INV
daushter married cousin Of Mr..
Fordyce.