Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1912-05-29


You mean you never have signed
any against your interestsg'
Yes
After his personal counsel George
w. Aurray had spoken word to him
in a low voice, Mr.. Rockefeller said
he knew NJ. NJ. Vanburen and Walter
(. Taylor to whom the proxies were
made up.
The witness then identified one Of
the Waters-Pierce proxies. which he
had signed.
Is there anything on the face of
that proxy to indicate how you are
voting" he was asked
Here is one of many proxies" be-
gan the witness.
You are not answering the ques-
ton" interrupted Mr. Untermyer.
Il signed this proxy because it came
from some of the re-organizers of the
STANDARD oil Co." replied Mr.. Rookie
Teller. II assumed that these persons
were the ones that were carrying out
the mandates of the court"
Here the Waters Pierce attorney
wanted to know what individuals he
had in mind.
AS Mr. Rockefeller started to an
oRtit MI tI Sdld
Name them.''
Attorney Murray interposed an OBJ
lection that Mr. Untermyer was not
questioning the witness in a gentle
manly way
Mr.. Rockefeller is quite capable of
protecting himself retorted Mr.. I'm
termges.
The witness then named over Mr..
Maff ltft NT.s
Archbold and Mr.. Jennings, as those
engaged in organization of the
Standard Oil Co.
4 looked upon them as a group of
men he explained. who We're con-
Quoting the REORGANIZATION. / assum-
ed that these gentlemen, familiar with
the oil business knew what was best
and as | did not know what was best,
had to accept their Judgment"
Previous testimony at the hearing had
| shown that Mr.. Rockefeller,s holdings of
WatersP ieree,stock, amounting to about
one-auarter Of the total, were turned
| over 10 be voted in favor of Standard
Oil men as officers of the Waters Pierce
| Co. His ippoNies and that of other stand
| ard Oil directors were turned down by
| the inspectors of the election at St.
i1tN'f, Att9t 4 On tiit STOuHu THAT
TO vote them would have been in viola
| ton of the decree of the United States
supreme court dissolving the Standard
| OH Co., and of the decision OF the SUI
preme court of Missouri ousting the
| Standard Oil co. of Indiana from the
| former state. This brought on the pres
| ent suit.
photographer who snapper Mr.
1 u cob afrII
| the room by Commissioner Jacobs.
Did you understand that the holdings
of these gentlemen, added to your own,
constituted control of the Waters
Pierce Coz" continued Mr. Untermyer.
Il know that the Pierce interests did
not have control and that my holdings
liberated would give the gentlemen whose
/ interests We're outside of Mr. Pierce's, a
control"
/ You haven't answered my question"
/ Il am unable to tell all the holdings
of these gentlemen" said the witness
firmly.
Mr.. Rockefeller" almost shouted Mr.
| Untermyer, IF we have got to stay hert
all night, we Will. because l am going tc
have my questions answered"
Il didn't make any calculation. made
no study at all. know merely that the
| aggregate OF these outside holdings was
in the neighborhood of 20 per cent"
THAT doesn't answer my question. Did
you know that the holdings of these men
| in charge of the Standard Oil reorganiza-
ton added to yours made majority of
| the Waters-Pierce stock?" repeated Mr.
| Untermyer.
| Il never made computation" said
| Mr.. Rockefeller.
| you'll answer this question before we
! get through" threatened Mr. Untermyer.
| Ibid you ever read the dissolution de-
cree of the United States court in the
| Standard Oil SUITE"
| Il don't think So" replied Mr. Rock
efeller.
Ever had it explained to you9"
II think I have in a general way"
said the oil man. quietly. He added
that he was very busy man.
Mr.. Untermyer read over to the wit
ness the names of the seven individual
defendsFis ~hg =the suit, among them
Mr.. Rd@k@rehSrs.
| IF tlhy ait chose TO do with their
| stock as you did with your stock in
the ease of the Waters. pierce Co." he
said, III would put the Standard oil
Co. stock back where it was before the
| dissolution. wouldn't it?"
They could vote it as they saw fit,
said Mr. Rockefeller. II turned it over
to these men, because | relied upon
them as the only persons who could
conduct the organization | am M
| longer familiar with the business.
was trusting in this case to these mer
to do the best thing for the different
companies and as these proxies come
to me in reference to the men whs
should manage these properties,
Signed thom.'
II submit" said Mr.. Untermyer
chat I am not getting proper answers
to these questions. / am unable to ge
= categorical answer to a single one
The witness is going far afeId ant
| making speeches But l am going t,
get an answer if / have to stay here
all night" lie reiterated
1T is not Intentional replied the
witness, II am trying to answer the
best I can
MIR. Rockefeller spoke in a soft and
well modulated voice and was not per-