Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-01-10
ASKSPROXIES
TOOPPOSEOIL
Chief IN MEET
Financier Reopens His
Move to Gust Chair
man For Testimony
At Senate Probe

NEW YORK, Jan. 1o.-(R,-John
u. Rockefeller, Jr., has sent letters
TO stockholders of the Standard Oil
company of Indiana seeking their
the company in March TO oppose the
reelection Of Col. Robert w. Stewart
as chairman of the company, il was
Learned today.
Mr.. Rockefeller requested the re-
tignation Of Mr.. Stewart after he was
charged with perjury in connection
Ftth his statements to the senate
Aapot Dome committee. Mr.. Stew
att declined to resign, and was ac-
quilted to the charge on Nov. 20.
In his letter to stockholders, Mr..
Rockefeller, who is large stock
holder in the standard of Indian, out
lines his letter to Col. Stewart which
sought his resignation last year, and
adds definite assurances have al
ready been given be my stockholders
representing a substantial amount Of
stock of the company that they are
opposed to Col. Stewards re-elee-
tion."
'If this Is your position" the let
ter continues, please send the en-
closed proxy to John ID. Rockefeller,
Jr., r. w. Aldrich or William Rob
erts."
Mr.. Rockefeller indicated that he
did not seek other changes in the
management of the company.
"Under the loyal and devoted lead
ership Of the president of the COM
many. Mr.. T.. G. Seubert," be stated,
''who has been with the company
oy1r. so years. backed by the whole
heated support of other members OF
the board, most of whom have also
been connected with the company, for
many years, the interests OF the
company will be fully protected and
its business well handled without
Col. Stewart
Mr.. Rockefeller is now en- route to
Egypt.
feller's letter follows:
AT the annual meeting OF the
stockholders OF the Standard vi
company Of Indiana 10 be heid
March Z. 1929, members OF the board
of directors to serve until the annual
meeting in 1880 will be elected. !
understand that Colonel Robert W.
Stewart, now a member OF the noaio
and its chairman, will be a canoidate
for reelection.
Stewart as follows:
"sYour recent testimony before the
senate committee leaves me no alter
native other than to ask you to make
good the promise you voluntarily
gave me some weeks ago that you
would resign az my request. That re-
quest | now make
AT the same time ] stated publicly
that this letter had been written be-
cause Of by loss of confidence IN
Colonel Stewards leadership and by
belief that the interests in the stan
dnrd Oil company Of Indiana would
hest he served by his resignation.
More than eight months have passed
and Colonel Stewart has not replied
- my letter. I am therefore asking
~ stockholders Of the company 20
I'm me in opposing his reelection.
"ifnder the loyal and devoted lead
erShip of the president OF the COM
many. Mr.. r. G. Seuhert who has been
with the company for more than so
-ears. backed by the whole-hearted
,upport Of the other members OF the
board, most Of whom have also been
connected with the company for
many wears. the interests of the com
many will he fully protected and IT'S
business we'll handled without Col
onel Stewart.
"Definite assurance has alresdy
been given me by stockholders rep
rrsenting a substantial amount OF the
stock of the company that they are
opposed 20 Colonel Stewart's re-eiec-
ton. IL this is your position. please
sign the enclosed proxy running 10
Iohn u. Rockefeller, Jr, Winthrop
". Aldrich or William Roberts and
send il promptly TO Mr.. Lyman
Rhoades. in care Of the Equitable
Trust company. II Broad Street. New
York City. IN the enclosed stamped
envelope. This proxy will automatic
allv supersede any other proxy you
may have already given for THIS
meetinv. II will re voted for the
rurrosc Of terminating Colonel Stew
arts connection with the company.
AND insofar a. may he compatihe
with thta result. for the reelection
Of all of the present directors except
Colonel Stewart