| Show WITNESS COULD NOT SAY Mr Kellogg Tries to Have Entries in Books 1 Explained New York Oct 9 Transcripts of ledgers led I ers em and journals of the old Standard Oil trust and several of its subsidiary compa companies j pies nies were Ere placed in evidence today in the I hearing of the federal suit against the 1 combine for tor the purpose of proving the governments contention in the bill of complaint that the Standard Isar illegal monopoly Clarence G Fay assistant au auditor auditor auditor of the Standard Oil company of New Jersey was again on the witness stand today toda Frank B Kellogg the govern governments governments ments meats counsel called attention to the balance sheets of the Standard Oil com corn company company pany of Kansas for 1899 on which the stocks of the Southern Oil tank line Mu Mutual Mutual tun I Oil company the White Golden Lu Lubricating LubrIcating Lubricating company C P Wagner Vagner Co CoH CoH CoH H Carlick Co and Protection Oil com corn company company pany appeared as assets Mr Fay said he could not explain why the th balance sheets in the following years did not show what had become of all aU these assets and why they the vere Were written off J Could Coul l Not Explain A balance sheet of the Standard Oil company of New Now York for 1906 showed it carried Its pipe lines as as an asset which It valued d at Mr lr Fay said aid he sup supposed supposed supposed posed the he Central Park pipe line was in included Included eluded in that asset He lie did not know why hy the asset ass t account for r pipe lines had hadnot hadnot hadnot not appeared in the books aft after after er 1006 The balance sheets of the National Transit company showed that the Nation National al ai Transit company paid to the Standard the rentals for the crosstown pipe line from 1899 to 1005 inclusive yearly ye amounts varied from fron in 1101 1001 to 1 in iii 1905 1005 Big Figures for Good Go d Will wi l Figures from the balance sheets of the Galena Oil company showed a total asset of ll of which the plant pant investment was and the good will Swill 7 Mr Mt Fay said Charles T White assistant secretary of the Standard Oil company of New Jer Jersey Jersey Jersey sey took tool the stand and submitted a list of stockholders of several other subsidiary companies of the Standard W Yo V B Til Tilford Tilford ford tord treasurer ot of the Standard Oil corn com company pany pan of New Jersey Jerse was recalled and questioned regarding the loan of to James Jamos McDonald which appeared on the books hooks of the Oil corn com company pany No explanation was elicited Mystery Cleared Up Mr lr Tilford said the Standard OH Oil com corn company company pany of New York was the present owner of the crosstown pipe line Une under Central Park Parl New York the ownership of which until today toda has been somewhat of a mys mystery mystery mystery tery to the governments counsel The I National Transit company compan he said sold the th crosstown line to the Standard Oil company of New York on Jan 29 11 for Mr lr Kellogg showed from the statements of the Standard Oil company of 01 o New York that shares ot of the stock in 1893 when the trust was ordered dis dissolved dissolved solved had been voted by the Standards trustees who hold the stock as an individuals The statements further showed that shares did not vote and that in the period of 1893 to 1899 shares were the only stock voted at the election It Itis ItIs Itis is the contention of the government that when the Ohio courts forbade the Stand Standards Standards ards trustees from voting the stocks of the subsidiary companies the trustees trust es liquidated a bare majority of their trust certificates for which they were given a majority of the stocks tocks of the subsidiary companies which they voted as individuals Individuals individuals and thereby continued the Standard Oil trust under the same control and as asan asan asan an entity |
