Show OF tRADE tn TOLD O Oi i fo i Over TWO Hours John Jq Jo j id 0 Rockefeller Ro rn m Company IMPOSING ARRAY Y Ic III III I yi Hi lI ii C Co c III III a I Swann or 41 C t 1 Sl f Yo oi Nov N y JS II tho nit xi ll 1111 of C l mien mf n n i hJ W l r friends with incidents of ot loI p D D i u t OE or tiie i lO Standard m Oil Oti company th gh rul retired from Clon Clont t e rl carcH orl hl SI dl 1 etti c ion f tiu ru Y lU It lUI I od i tho tl y Jr t mh the Of C We tle coin l ui iy later j gow T row th the t I till c oil trust truit Ml dr i Hj for fol the tho defense d In l l a il shit W ti t fill ll l tl which i 1 ib ln l io by h I pd g Jv 1 flItt rr t tt I i f iiii JY J I je I 1 1 I tILL thu large tI th l t IJ lg I KII B AT l BASIC AS lif ud ad or oil I combine wM wi I Uy an J Ih l i i f iI 1 11 lie hc U Ih 1118 hil c lill l h 1 0 k hOln pre J r ng lS that JI d tIu l oN Mr MI I op ip p lit ut I a ei C and When John fohn n 1 of pV for Cor tho thu I l ll c Il imd d his hl lI th vIl lc IJ lc ill hii fut full i 1 11 lit liti h most li i ost lI i in thu th to toI I I hiT Ini III U li manner l thi a j II h as ab ut to tell Ut fI n Ff 1 l of df f his lihi H rt in Inthe the thu ot un and lUul Jiow ho ad ori l Wil that tl n t to of or f the com mm pithy o f Ohio Ion 1 k oyes es IA If fi rolI mi that tillit early curlY ril org uli rill I and HJ ff tf lt l ali al alJ Ll J l hel 1 JI HuI I It Hc T q l h large rg to UP u who with In hi 1802 MANNER M NN E EThus r N Thus T tIn In n u j their UI oC t tho llie cn cu ii ii which hr t Mr tr Ir ye lJ In Jils maw arid lii l tl thi n l contIn ll il II it f kindly A los it 41 Il lie I oli on Mp H t cl cc ili Jim I liy 1 faclo fact t ln l ho I Iv j v l J h ll IO hall iHu l l he ll I Tho rhu o of IR dl HS plain b and across his IllS veat esl was a It fc gold i watch In which a 11 largo pearl pi ln ri was set sef s t sn torn toa I lI j dl or OC 11 a l I iy a t tho 1 Jird 1 company I if phil Ohl Indicated 1 nc of jr the tIns of t UI J defense would Q be ho h that dar l Oil all coin l any I i j g h r fth i III rb ll 1 lo u J f H l l lC U tc which hl the thi theof i of the tho oil III Industry l tb de DI o l lI Mi I r talked to ta h rel Il i iii the tl K ff L wOl thing lt It 1111 b Ir C t u H I I nil 1111 l hi I i ll iI 1 Jt mn rl nfl hoI n c H d o C W li belling g I fl good article at u t ri PO I tl c than S SOP i P OP J S iJ K TO rO r GAUDY DAYS DY This J liure today ll 1 arly aIG I In 1 lioto we c ci c nil friends S f rs l together r How lj th t I I n ii le wt cn ii J 1 jj hl I fi f S TP Llant rid S a anC nC lof f my st I ft J bori 1 Q l II 1 nth ol mY IllY note flot I hI 1 juL r ht d II Il to tl Io f i h I 1 lYlI ted l 1 I 1 1 1 OM II stadl Il ind j V C Col L ol Ir that 7 1 1 i ij Huc jha hail cei S TIlO faking oc h u to totI 5 tI 1 wIll ho hi 4 I dr lIol the tha of It I hl t n i l Oil c niK l IC ICIL o 2 j p IL j i I He lIu Hi c n l to t I house C It IR l I held by h I John T p O 1 of or I t r th Standard Oil company Oh ph hl ItIs dr Ti le was tui Ii It iy f ii v ril Ito JIo I I objection o S S TAKES lAKI S WITNESS SS STAND I f Ir r had sta I J I Itlo when Ills counsel ino IIO I to tako theT tIit h I Th president pr lent of or tl c Standard Oil e c mn n I I I I I any pany mn testimony ny In r 1 ye nu Jt voice volee which could bo 10 heard alii alI over the tI room o m 5 Mr what Is Ia your full lull lame lm asked 11 Jolin J hn D n 11 r S do you Ilvo I My IMY q ll Ce Is la if Mi rh this city atM it t 1 IIi your rOll c In Inho Inthe the ho Oil business 88 JAbout iStO or UI 1862 not e than 1860 nol noi later tItan 1862 I was IL a mi bI ou ger than 1 S Ji hi tI l c i u tf vio W lj a the oil b l i r l rg v ia i I qt C M p and COMPACT C A said Mr Ir II in fl ck as as Andrews Andrws n who operated at nt Cleve Clove Cleveland Cleveland land Ohio 11 n clu wild saId Ill thi waS w i a fl small one olie and 1111 1 1110 cop shIp with fth Clark i anti and Hl Com Coin Company Company pany continued until 36 when y cn It was W dissolved I r bought the thc business s and amI tl J t li rt li the Oln So he l Ditl OU tl In th bu bul nos Yes Y R l ll ae e eYes Yes yo y said ai d Mr r Rockefeller It In a 5 i Vint lc l ls 01 change cl rc in f S cr t ril later lat i r 1 Well ll J n 1 ia was w a change wits was I II am Cp fl The Thc hC Rockefeller Ho flo wa ia I Imy nTy my and add tile the company c was ns r Andrews Mr Roc nl lIel refinery r of or S this company won waR In that CO under r a li of oC i and C Gillil r i In New Nt w Y The T samo sam O firm members that jod 1 ti th l company made up UI the th Now NO No Allied whit what had lind been holl the thc th lo loo nt o I ilio oil s nl III to the tinie jt it tho I m hf M C the tho Standard Oil Ohio lo ie ieS S S SS ll S Vo 10 had lin Iw l a steady growth and In lii e liS tro the PC QC the tIc fil lii firm jn ill Or 01 ISO I 1 SG until that time S Mr 11 Rockefeller l cIef said HaW that very err S I J of oC the urn linn his hi entire tIne attention to In Promoting prom the growth and that of Oh 0 U riny Ho 11 Kald tho company did a It ti I and nil that hI Ir thet Ullam took tn l up L bis JIs resi dunce dence in Now w 1 York rl rk to develop th S Jj J Ji r ii HI to save li expenses i When dl t tile le next change tl ke S KE IEt S l Jn I I Jn oj all the properties of or Rockefeller lt and I rl l anI and lc nd Company w rc bv v r r the firm nellie n lo of at Rockefeller Jt l C ll S An lJ Q f lIi I Mr 1 FI Finger eril was n nI I of fir ii large h lii l h experience m a HI l wn n II valuably u to tf IA tl the thi l S firm dini A In rare 6 Q iV s PUt I t the finn Tito THo 1 on oli olid d In in n the t ot or C a Hi l ll hrh was Tray 01 1 in tn lind I JI ni I f VhaL h ld lf Hi thOL gr grI J I that three nt r I lii In InSI SI 18 all Oll company co of r Ohio JOhl 1 jih a n capital Of f arid and V 15 enlisted much capital r fur fit fr the tub C Held field for COl the tho production of f crude oil IJ II was W t lu I iii thc S Putt part tf t r l said ald Mi h r Hi tb tt t l Ol 0 I lo I S O to 0 obtain a th t li i oil It I and llio lii I II IChI t i cf 4 r 1 the tho company II veI at nt lItta 1111 a 1 S U liat been 11 11 the e IlI 1 of QC tilO of or tI st at at that S had been 1011 rall de in Hi n the thi i iv i i uw shi r U nil Ing o of silL oil silLS The ni it iAu of ot tp refining tut abl S nil anil as its a it result J lib hii said H manyi m l lr r fr re 1 w ri built l eoJ le turned tillI d to 11 1 s of ut 1 n hI who Iio kSIL I not e I qi tik f hs t trained lr s 11 en como pans p l put ut IIIi S possible ir sl 5 ble ide hl 5 Was w os u Mr II 11 mR a practical r re finer i flInt was VILS ithe tIo reason he lie WH a n part Urt in m the Ih b h s said ild ld Mr dr He HI was kit al a 0 Ii practical IH t al re ie of or oil an Oil UJ lent to tu himself hl nse rIll In lii the tho fI J In 1 l iiiI was v h hB BEST B ST DISTRIBUTING nuh NG G POINT In III answer to t m Mr dr feller said that Cleveland wait wat wai the tho it t III point to obtain ol the tho thod d trade tri li Its Iti advantage Ilda lt gi wa that t tIiu ct had a a loni lp hl l l l ti P tho thi si for the trade tI I j II What VIaL was as the I I I of Sf your Oll Ih e to tu 11 at Ut that j Limo timo in III i f fI r 1 I It wi nui the thc largest in III the tho that thit Limo tt S country at tt o The Tue company e COil was S1 capitalized ati 1 Was n considered a if eci n 7 1 Mr 1 Mill Millburn lWI burn S I Yra YIK replied Mr Rockefeller It lt w s considered very large lare Wu iWu i thought tl It 1 was very ver large huge as tin as we V III 10 ISOO 1800 with Mi Mr II Rockefeller Ho k said they thc made j I many mun Improvements In HI business s sOn On Oi the did was wall to 10 manufacture I own bar bal ls at ut d It I saving o otie l h lIe HI saId the savings on leR represented a 11 l saying paying to o tho the nOd and represented one om P of the tho lim developed Jd In Ih the The rho h d from I Illice to 10 S time wo were to produce at hower ve pro dIre Vl as us Increased sed said Mr 11 H Lec Inc arie nc ask o k you i about t the tho house which Wl you o oti i established biro litre said Milburn I YUH YeH that was WaR an advantage That gave gao us lb till n to learn Icar lof of tho thu I tIle the Ih export trade Wi Vt w n l constantly coIf In n need cd lug Ine capital as OS our business hul NI ei developed lopI LId and in hi New York we wc wor ver toj tall to secure larger sums of f money m n y n a thanin the tho west We Wo Ii i were al always ways able ablo to obtain largo large sums of money and 1 15 am n thankful to 10 say sa wo we always had good gU credit We Wo always l oP oUI 1 ald our ur bills lIIs Our ability to secure secure large lare loans was WIlS of bt great t advantage dv to u nc Thus rIms we weS S extended d our OU ur fn New Ney Ne v York bankers hank rs with whom wo we wo kept l JL our ur lc de deposits posits rind dad wo we n got our money m ncy at the uie cheapest rates lUte In lu the th cheapest ehe money market In the world BRANCHING OUT OUST Through the tho acquaintance made mallo by Rockefeller with wealthy men amen In 10 Now W York connections were formed farmed enabling the Ih company compan to borrow largo large sums for fur tile the further extension of the thu tho witness Some of Or who aided him hini funds run lis were wema and Benjamin J nj i nI Drew ster sipI New York he hiv said mald was the larg largest largest est exporting point at that time lime and Is la today Hard lIard times camo upon the oil trado trade arb In tho titO th seventies The rhe business was yas Wi H much overdone nc o refiner refineries lea ies had l so rapidly that tho the pr much lessened less n tl minutes was waa IS ventilate the room and anti meanwhile J Me 11 Roc went over and anti talked with the tho newspaper men that they ought to have havo a room times Un is but Mr MI Milburn said Bald ho be five e times as liS many man pee peo plo pie II If they did that the th J only way would bei bo to charge admission Oh no 1191 said s ld Mr Rockefeller not if it thoy the aro alo as II nice na ns tIme tIC people here heru herue hem We V e want ant to Introduce all the tile economies mies me you know Did you jOU OU have hll ve negotiations after atter tile the n of th the Standard Oil com corn p other I look lookIng lookIng Ing lug tn tO their purchase lII l Rockefeller ler Ic was waa after the tl recess COMPETITORS CO Yes In the last laRt part of We Vo 0 Ol nl 1 l negotiations negotiation fur ul or the tho then fihn of If Vayne V 11 Tills com colim company compan pan pany li was OS con thUg company to lo us In lU size bars b of hf the tile firm were Colonel Oliver Payne Jamos Jam H R Clark Clarl and 1111 John I l I l Tho next quo we yc he bought it if I am right was wa vas the th Alexander Alexa 1 ler Co Go 1110 v vere re next In Importance In Iii Inthe the th business Dd these negotiations result Iii in con ll Payne Co CoYes CoYes CoS Yes S Were Sere ere there other othel negotiations Yes there cre other oIlier refining con concerns cerns importance which wo W c d I l dont remember time the names I 1 should 1 sa T hinT had negotiation si or nr eight concerns These rhe e concerns w vero o tIll all In tn Cleveland I could not Ra say definitely how many werf vel purchased ll I might Inight have hav been heen beena heena a dozen moro more or or iss beginning with P nc Co They Tho were vere not all at lIt one time Some WIC w rc tin In and early erl in 1ST 18 and somo som in III thai last of oC 1870 Tow How ow did those these negotiations arise arlie arlieS arl arlIn S In n the tho thi natural wat wa t said 11 We wele vea nil al friends and amid prosperity lL We Wa e found that changed were VOle lessen lesten lessening le s n lug ing time tho of profits AVe Ve e were W rc unsuccessful un uc tn h im obtaining large capital at nt 0 that and tImid many capitalists ts feared to 10 t risk rr k money non in oil ie to finin fining irb rr lIli h ed on Oh property o or HUla Owing to tt tho the dissatisfaction II I such con on I t ya to t obtain mooney money I t tren ren that J XI J H n IL Wade Vade ade in land l nd lie he told ld nw me l and firmly l that t lit he lie would w not Jot t WI any moI l In n the oil jh n business S I I inId that tha wilh changing inri l on Ul 1 It fl nices 4 i y t td bt l ind P lI lIch ch is tho tit 1 ll s lIla enabled tt Sl Standard pC of mon by hu hay with it many Of N t rec 1 friends is 1 er z l Mr l Aai hilJ tiit i larger larget company l ll amid ind ai d th rhe vere part In tl part In the Standard e c Did 1111 you ou USE uso any nn coercive Ci 1 m s to t these th so companies Ii i XO o C r ASUR S SIlO IlO said sald Mm h Rocke toiler They Th y 1 were 1 o to re all faIr n g 1 J i mi r myself u M S 1 Vet kind Il 0 of negotiations T s II I pave IO I always lw t used d inbi no other you time the business l Mr ME h Rockefeller r rO I O s liu replied S sonic some not lot lotYe S lYeV Ye that isso S C nci of i I U lii early carl seventies se 5 ill M t I nock f lin Hald Jt c generally Jiu 1111 hn 1 that thai h t it iv It riis I on oil OJ uncertain 1 l sY and u encountered e encountered 1 uni unusual I w There had been b n too many ni n r built and iu I It i r that an un In r r for COI oil oll would IJa t f J created ted S c n business II I time the OZ r oil ald id Mr h lt Is It vcr verb hazard pus plis s today to l j and not tOtO to III With banking or I sonic Some railroad businesses hi S j S then was about time the th payment rL in n for coi the companies c mp il i iI I I Ji J j know proportion was ll h possibly ios lie I i cash titi h and ami 1 half haIr I if i nocI f It Th g n q wa was for or Rood id d imI c lih Ih vl cH to tk invest in i else I c S SI I I rp CO t time itlie SOU I S Mr Ho k said ald s id that l a little Inter thy they hai little to do lo with It It We Wi did ditl not hot views of o those In charge of o It ami mi l were riot J ot In h hK K It added He lie gave gava I tho of oC those these Identified with tlC tho S I l Improvement l nt company stating g they were vero Identified rl tim thu il l were r Hauling hn their oll cli II the tho Pennsylvania railroad said Hald Mr Rockefeller Ho These g f llen were Yere li tI in Iti lIt the tl Pennsylvania P oil field 1 Ono Of them Peter Peler Watson was lied tied Mr II Scott Se tt president of the tile Pennsylvania a railroad IQ Dill lyuU Y U v r r for the thc theS S harl JS I com Coal l an S J l never did dill said laW Mr im fl Rockefeller cr their v cw and we frankly told t ld so so SI more Inore than once It Was not a 1 Keh we s 1 cl n did ld il 1011 oti tIthe take an Interest In iii ItS It rt u d bi b l that Mr ME It ItS S a lI IJ factor in itt time Penn Imin Hyl li who J was waR not miot tt to be lC h by b thu tho t l m I I d or s pors JerR We Ve did nit to brek with whit those gentlemen especially sp with Mr Mm MrS 11 S i itt tt We STe 0 on hu h 1 a minority inter interest In leI est CSt hen e of ot he tIme the S South S uth m ho ha declared Val waa a 11 tall fall noyem n vC went o Into iUt Int It aroused a ou d ir ie t t opposition amons the oil Interests Irr in Pennsylvania uIt It ItS did lilt not flOt 1 t take tak very ery long Jour for Cel our friends the producers down clown there thelo to tu tulI lI opposition l toUt they the having tho characteristics of u tins the world sald Mr flo who WaH wa about to telLof tho formation or of th the IHo u lon n on request of the Standards St counsel co an au adjournment taken until tomorrow t mol ro MF interrupted lit tho th mo moo motion motIon tion stating waH willing to re remain main Hillin il ng s desired d lr rl but nodded as ItS int t l when hel his lawyers shook JI l lI 5 The rhe heating adjourned at with lift Ml Rockefeller still stil nn the witness stand nd It will be hi resumed tomorrow morning n lag A lingo crowd saw Mr III Rockefeller I th S 5 cust n i building and depart fut for his hi |