| Show MONEY LOANED IN WALL WALLSTREET STREET Standard Oil Sometimes Has Large Amounts Out Accord According According According ing to W G Rockefeller HIS MEMORY A TRIFLE BAD HEARING ADJOURNED A UNTIL DE DECEMBER DECEMBER DECEMBER CEMBER 2 New York Oct 18 William G Rocke Rockefeller Rockefeller Rockefeller feller assistant treasurer of ot the Standard Oil Ott company of New Jersey was a wit witness witness witness ness today In the federal suit for the dissolution utIon of the oil combine and gave testimony regarding the large loans which appeared on the books book bookas as having been made to interests other titar Standard He testified that these loans had been made to financial interests in this city The balance sheets of the Southern Pipe PipeLine PipeLine Line company from 1899 to 1903 show that loans amounting to many millions were loaned to H S Trainor and charged to expense account Do you know anything about these loans was asked Really Know I 1 really do not answered Mr Rocke Rockefeller Rockefeller feller teller Mr Kellogg then took up the loan ac account account account count of the tile Standard Oil company of New York In 1906 1900 which reached 32 Mr Rockefeller I find tind here among amon the items a loan to T M Barnesdale of 7 What was that loan for forThe forThe forThe The money was paid out from time to time to Mr Barnesdale at the direction of John Archbold The collateral was stocks and bonds of oil and gas com corn companies companies panics In West Virginia and Pennsyl Pennsylvania Pennsylvania vania vanla Of Or the whole loan of S made last y year ar what amount was loaned to toWa Wall Wa street brokers and what to Indi Individuals 7 Well Vell about was loaned to Wall street brokers and the rest to Mr Ir Barnesdale and to individuals replied Mr Rockefeller Said he Large Sums Loaned r The Standard sometimes has baa largo large sums In the street and again It has little J out at interest The collateral Is safe stock exchange securities We Ve require a margin of 20 per cent at all times Mr Ir Rockefeller said that the Standard OH Oil company of New Jersey did not loan money in Wall Wan street He lie said he did not know why the subsidiary pipe lines Unes kept kepton on deposit such vast sums of money mone ex cx except except perhaps that it might be used in construction work ork But Mr ir Rockefeller those sums ag aggregate aggregate aggregate millions said Mr Kellogg Mr Rockefeller disclaimed familiarity with the accounts of the pipe line com corn companies companies pan lee After Arter several statements concerning the business of the Standards pipe lines Unes had been placed in evidence an adjournment of the hearing was announced until Dec 2 in order that counsel may ma have time timeto to go over the evidence developed f |
