Show I PROFITS OFT STANDARD OIL UlL John D 0 Archbold on the Stand Again for a Somewhat Brief Examination I FOLLOWED BY H TILFORD WIliLIAM WILLIAM ROCKEFELLER OR ORF F S SS S MOFFETT NEXT New ew York Dec Dee 7 Figures showing some of the profits of or the Standard Oil company became part of the court record in the federal suit to dissolve the Standard today when John D Archbold resumed the stand for a brief examination and Henry Tilford president of ot the Standard Oil on company ot or California testified at some length as a witness for the defense defenseS S The TIle government inquisitor on figures submitted showed that the Continental Oil o I company a Standard subsidiary in inthe inthe inthe the middle west made profits of per percent percent percent cent on its capitalization of at and that the Standard Oil on company of or In Indiana Indiana Indiana diana on on a capitalization or of I earned about between ISM 1899 and 1005 1006 Counsel for the company declared the actual assets of ot the company were greater than tho the capitalization as tiO companies had turned back large sums from earnings Counsel for the government sought to prove by Mr Jr Tilford that in California and other western states the Standard lad had made contracts with competitors whereby it obtained all the crude oil oU sup supply ply Referring to oil oU trade rate cutting In Colorado and elsewhere Mr Tilford r said the Standard never cut prices to un undersell undersell 4 Its competitors but lowered rates t Tn ee the reductions of oC its rivals Mr examination likely will bo be concluded tomorrow and either William Rockefeller ller or oi Frank S Moffett will be called Mr Testimony Ur Mr testimony had to do with details of ot certain properties conveyed to the Standard Oil on its organization The Standard entered the lubricating Business l extensively in 1878 said the witness all the acquisitions of or the Stand Standard Standard Standard ard from 1 73 to were made by cash which came came from the treasuries of or the Standard and its subsidiary companies Mr Archbold said that the establish establishment establishment ment of ot marketing stations to compete with he the rivals riyals of or the Standard naturally forced the small dealers and Jobbers grad gradually gradually gradually from the field Brief of ot Mr Archbold by Mr Ir Kellogg government counsel fol followed followed followed lowed Mr Ir Kellogg asked if It the Standard of Indiana had not made net earnings of over oer between the years ears and 1906 on a capitalization Mr Archbold said there had been many mil million million lion dollars invested in the company which was only nominally capitalized Counsel for the defense said that it had been found impossible to get the London books of ot the company but that efforts would be made to get a transcript of the James McDonald ac account account count of r Mr Ir Archbold was then excused and re recess recess recess cess taken until afternoon i Tilford on the Stand I Henry M If Tilford president of or the Stan i dard Oil of California was as the next witness called by the defense Mr Tilford appeared last fall as asa a witness in these hearings under government sub subpoena subpoena poena Much of or his testimony this thin after atter afternoon noon earned him over the same lind H lI of evidence previously glen given He said that in the tar far ar western territory e market stations were wt re established by the Standard Oil company of o California and In the Rocky mountain regions the Con Continental Oil company a 11 Standard diary had established us marketing sta The effect of ot the establishment of these marketing stations was to reduce prices to the consumer Mr Ir Tilford said the Standard paid about for the Pacific Coast Oil company which was Voas succeeded by b the Standard The Pacific Coast o Oil l company had a capacity of barrels of oil a day da at Its refinery in Alameda CaL said Mr Til TU ford and the Standard built a refinery renne in Richmond Cal which has a daily daH ca capacity capacity of ot to barrels The pro production of or crude crud had developed In Jn Cali Call fornia from barrels in 1900 to 40 ro OS barrels In 1907 1007 I Mr Tilford told of or the difficulties of f refining California crude oil which had bad been eliminated by Standard methods The Thenet Thenet Thenet net assets of ot the Standard of oC California said Mr Ir Tilford In I were I I |