Ogden Evening Standard | 1912-09-17 | Page 1 | Oil Trust is in Control

IN CONTROL Federal Dissolution Did Not Destroy Authority Author-ity of Standard New York Sept 17 Officers and employes of the Standard Oil company com-pany are still In command of the Bucke.e Pipe Line company, a former for-mer subsidiary of the Standard company, com-pany, according to D S. Bushnell, the Buckeye's proaldent who testified today to-day before a referee in the Standard Oll-Watera Pierce litigation. Mr. Bushnell said he had been elected president of the Buckeye and North Indiana Pipe Line company and tho New York Transit company in 1911, Immediately after thc dissolution dissolu-tion decree against the Standard became be-came effective. The decIslonD, he said, were held within an hour, at the headquarters of the Standard. There had been a meeting of the Buckeye nnd stockholders subsequent to tbe dissolution, Mr Bushnell said. Ho testified tho holders of the 10,985 shares held another meeting at which tho directors were re-elocted. He sent theBO proxies, he said, to John D. Rockefeller, John D. Arch-boid, Arch-boid, James A Moffett and other stockholders. They were returned signed properly. Samuel Untermoyer. for the Waters-Pierce Oil company, taook up tho organization of tho Buckeye company, com-pany, carrying into effect its part under un-der the dissolution decroe. Mr, Bushnell Bush-nell said that the directors elected at the reorganization meeting in De-comber. De-comber. 1911, were O S. Juno, R. L. Bates. T. W. Dillon, L. C. Welch and himself. Altogether they owned five Rharcs, out of 200,000 AH five diroctors. Mr. Bushnell tostlfled. had been in the employ of i tho Standard Oil company or Its subsidiaries. sub-sidiaries. All got raises ln pay Immediately Im-mediately nftor their election aud were made officers of tho company. ! Ono of them, Welch, was made "superintendent "su-perintendent of thc SIgnot division, displacing a veteran eraplovee named Hi to.