Evening star., 1914-04-06
RELIES ON REPORTS
OF TRUSTED AGENT
John D. Rockefeller, Jr., Tes-
titles of Interest in Colo
RADIO Mining.
KEEPS IN CLOSE TOUCH
WITH STRIKE SITUATION
Tells House Committee of His
Fathers Holdings in Fuel and
Iron Company.

John D. Rockefeller, 1r., whose father
is generally believed to be the richest
man in the world. head of Standard Oil
interests and the personifcation Of big
business" appeared before the House
committee on mines and mining this
morning for the express purpose Of meet
ing some of the suggestions that have
been freely tossed around Of late-name-
ly, that young Mr.. Rockefeller has a
heavy moral burden to bear in relation
to the bloody and riotous strikes now
going on In Colorado among the employees
of the Colorado Fuel and Iron Company.
Young Mr.. Rockefeller told the COM
mittee chairman, Representative Foster
of Illinois, several times, in language al
ways suave and polite, that he was do
Ing all he possibly could do to keep in
touch with the situation, and Furthermore
his office" had the very best man they
could find in all the world right on the
ground. and that the Rockefeller family
was disposed to stand by him in the
Colorado incident or any other incident
where he happened to be the leading
representative of the Rockefeller invest
ments.
L. NJ. Bowers is the name of the man to
whom the younger Rockefeller paid these
high tributes. He is vice president of
the company.
Gives Attention to Business.
Representative Foster questioned Mr
Rockefeller closely on whether or not he
Mr.. Rockefeller. was paying close atten-
ton to social welfare work. social uplight
and other endeavors of that sort, while
the company in which he represented his
fathers interests was allowing a heavy
industrial warfare to continue in Colo
RADIO. To all of this Mr.. Rockefeller
pointed to a mass of correspondence
which he had carried on with Mr.. Bow
ers. and also reminded the committee
that in many of the more important social
uplift and social investigation activities
specially trained agents had been en-
ployed.
Allow me to answer YOU he said. at
one time, "by pointing out to the commit
vestigating the white slave conditions
of New York l did not make a personal
investigation of all forms of vice;
would not know how to do so; but we
employ the best possible man in the
world for this. And SO, when we have
investigations to carry on in Colorado
we rely on a man whom We believe to
be better fitted for it than any one else
in the world.
I'm these days when business inter-
ests are so diversified and directors are
members of so many boards. the best
they can do is to appoint officers and
hold them responsible" he said.
More Than Passing Interest
Don't you think the fact that the
government has found 1t necessary to
take action would warrant you in
taking more than a passing interest in
the situation?" asked Chaixman Fos-
ter.
II have taken more than a passing
THE vast sums Of money involved and
the great disorder In the field con-
cerned me closely. But 1 have done
all that / could have done. The Of
ficers of the company have been held
responsible. and II We are at any time
convinced their policies are mistaken
we will Immediately remove them.
am one of my fathers representatives
in this. as in other of his personal in
vestments."
Questioned by Representative Byrnes,
Mr.. Rockefeller outlined his fathers
holdings in the securities of the Colorado
Fuel and Iron Company thus: Common
stock 139, ,S07 out of $40, 1856 shares; pre-
shares. Bonds: Colorado Industrial Com
pany per cents, $14. 10000 out Of $685.
437 600
Other holdings were Colorado Fuel and
Iron Company general per cents, $685.
600 out of $5.6SS,OOO.
Mr.. Rockefeller said that the only
dividends paid by the company were in
1913. A cumulative dividend of 8 per
cent on the preferred stock. had at that
time he said. accumulated to 10 per cent
of the capital stock.
He said 35 per cent was paid on the ac-
cumulated dividend and 4 per cent on the
8 per cent dividend due that year The
interest of his father in the concern was
represented. he said, in directorate by
himself, Starr J. Murphy and John d.
Green. ]. H. McKenna and L. M. Bow
ers. he said. were indirect representa-
tiveS."
Promises Support to Bowers.
Representative Byrnes questioned Mr.
Rockefeller about indorsing what Mr.
Bowers had done in dealing with the
strike. The witness said that while Bow
ers was not personally representing the
Rockefeller interests he had written to
him saying he would stand by" what
had been done in Colorado.
.'Mr Bowers is known to us as an able
and upright business man and an officer