New-York tribune., 1922-12-15
lockefeller Out
MStandardOh
N New Jersey
No Stock Since
100. Head Of Corpora
=, Tells Senate Invesii-
-srs; Son Has Most
,;lends Are Explained
,..,r c. Teaglc, Aided by
s.,us of Assistants and
%s O,,s. on Stand A Hours

rScToN. Dec. 14.-John D.
n., does not own one share
i.',i'l',. =. ,'..s q the Standard Oil Com
x,v Jersey. the parent OF the
~ = !. '..,orstion cut up into seq
c'H - y. =, court decision Of decade
Isolation was made to-day by
i,a Tsssis, president Of the
'al''I :, ,,v.shns before the Senate
''sp..', p'..',,l,... irv'stigating the prices
'.S'',i, ~ ,.ns..isu, 10 the oil industry Of
his eouns'F f,oekholders have more
Only = ~ cent Of the company's
shsn ~ fTssgle said. The largest
stost 4, John d. Rockefeller jr.
q ~ q - per cent
~ Of the remaining hyc com, con,
/ ~ ,o,sholders on this list said
7 =, i,.srle -, aown.ng together ten per
~ ,s tbe common stock, are phil
~. -. inaitrtions. such as the
rS,si,iifi lrS,,.si,,iier Foundation and the Cen
- Education Fund
John D. Ort Since 1920
n.s he brought out his announce
-. about Mr. Rockefeller quite
\. -irht be Of interest TO the conf
-..'.vS he said. "to know that john
p.stefeller 81. has not been a
s,..keIder the IN company since l92
= ,ss. the late William Roekefelle
- only 700 shares at the time Of
1aih.'
IA. and figures in endless ARA!
r,rrinp the company, It's control
.-sion and 20 q certain degree 10
'su we're presented by Mr. Ieagle
f,-,tsring as the first Of the Leaders
g, American oil world. which th'
s..,,mmittco has summoned MI
',,r,e was closely questioned for foul
-, nv Gilbert +. Roe, Of New York
'...,sl for the subcommittee. Ih'
-.,.isns concerned the minutest de
N, n the company's operations. an(
=, directed toward disclosing the
~. 80 eo,t Of the major oil products
u he extent Of competition IN th'
a irSustry. brought about by the Su'
.-ne Court dissolution decree OF 1911
Array Of Assistants and Files
q. Tesgle for most Of these ques
~. had ready answers, and II sons
-,,sisn ON minor detail with whiet
"a. unfamiliar was put, called OF
80 staH Of assistants who had ae
.-nsnied him here with voluminou'
N NJ, standard Oil Of New Jersey
.,.id,nt Al the start offered a pre-
,r,S statement. but was cut short by
g,;rran La Toilette, who announced
Ss sub.eommittee had decided he
.Sosld be questioned by the committee
,ttorney. Questions asked by Mr. Roe
5uring the course Of the hearing. how
ever. refulted In the placing Of most
oi the statement into the committee
record and Just before adjournment
Wr. Teagle obtained from active
Chairman Jones tentative permission TO
'ile the statement at the conclusion
y his testimony, probably tomorrow.
The statement, advance copies OF
'kieh had been given 10 the press
Ifior to Mr.. Teagle's taking the stand,
2 addition 70 giving details Of the
rporstion's organization and business
eestions. SAYS the directors Of the
srdard Oil OF New Jersey, had. in
rord with the Supreme Court disso-
Eion decree, conducted the business
Z the company under the conditions
Il free and active competition, which
icy recognized the public demanded.
Z ilded the company sis not a party
y any combination, agreement or
i1reement 20 Fix or maintain the
RlHhg prices Of its products"
Discusses Recent Stock Dividend
The statement also discussed the
,Ettt declaration by the corporation
& stock dividend, justifying this ac-