Evening star., 1933-11-15

continued From First Page)
received sl30,0o0 and $4,000 in two
different payments, representing about
215 per cent of the profits, he testified
Later, he said, he was given the $780,
the balance of the profits from the
Rockefeller stock.
This referred to $4,000 900 profits
made by participants, including Blair
g. Co. in pool in Sinclair Consoli-
dated Oil Co. stock.
Says He Was Not Consulted.
Fitzpatrick testified his participation
in the pool profits was arranged with
out consultation with him. except to
ask him if he was satisfied.
He said he understood the payment
was compensation arranged by the
Rockefellers in view of the 20 years
had been with their company"
knowing I had helped the Rockefel-
lers in litigation and other ways, they
wanted to do something for me-" Fitz.
patrick said
Questioned by Pecora, Fitzpatrick said
he had received payment for his service
running as high as 100000 year
He said he had participated in Stand
ing that "the name of Standard OIL
wasn't very good in Kansas at that
time"
Tells Of Negotiations.
The veteran oil man explained his
conferences with the Rockefeller inter-
eSts were with Bertram Cutler, one ot
their officials.
Cutler. he said. told him Blair 81 Co
would give him some of their profits.
lie ADDED that Cutler said specifically
arrangements had been made with Blair
Telling of negotiations for a merger
between Prairie and Sinclair. FftZpat-
rick said there was little competition
between the two companies.
He testified he had been told by Sin
clair of the possibilities of the merger
but that he knew little about operations
of the pool.
ct was at all times favorable to the
consolidation" Fitzpatrick said.
Sinclair Reads Statement.
When he took the stand to continue
testimony begun yesterday, Sinclair reae
a prepared statement denying that any
directors of the Sinclair Consolidated
Oil Corporation knew, when they ap-
proved sale of stock to the pool, tha
| they would share in its profits.
The directors to whom extended {
subparticipation did not know that the,
were to receive any such subparticipa.
! tion from me until sometime after the,
voted as directors, Sinclair said
| Sinclair also told of a conference
| Sunday at his apartment between al
| the principal parties to the payment Il
Fitzps trick, which Pecora called I
Santa Claus gift"
At that time, Sinclair said, he sug'
| gested that Fitzpatrick tell the other
| the story he had previously told abou
| the gift that it was extended by Blail
& Co., New York bankers, in con
nection with transaction with 9Th,
| Rockefellers.
Leaning forward over the connmitte,
| table, Fitzpatrick told of being connect
ed with Prairie Oil since 1918.
Rockefeller Interest Revealed.
He said the Rockefeller family hat
an interest Of about % or % per cen
/ in the Prairie Oil Co. and about 20 pc
cent in the Prairie Pipe Line Co.
FrieiiCs and relatives Of the Rocke
fellers, he said, owned about 40 pc
| cent of the oil company.
| FltZDdIrlCk aQQeQ Lli5t ABOUT iall y
! the Rockefeller holdings were sold Il
Blair g. Co. early in 1928.
They had been held by Rockefelle
| trusts which were winding up thei
affairs. Fitzpatrick said, and MI
Rockefeller felt he could not properl
| repurchase them.
Fitzpatrick said he was concernet
about his position as result Of tn
change of ownership.
Sinclair yesterday referred to the in
vestigation as Joke" but subsequently
explained he meant testimony previousl
given by Arthur w. Cutten, grain an
stock operator who managed the poo
Sinclair also said that before appear
ing he had conferred with Fitzpatrick
Cutten. Elisha Walker. Sinclair ON
Ger, and Hunter Marsden, all figure
connected with the market operation
Sinclair Answers Briefly.
| Making his answers brief, amid man
replies of ''T don't know" or IT don
recall" with an occasional Il don't un