The History of the Standard Oil CompanyTarbell, Ida M. (Ida Minerva)
History
The History of the Standard Oil Company
Tarbell, Ida M. (Ida Minerva)
Petroleum industry and trade -- United States -- History; Standard Oil Company -- History
WASHINGTON, D. C., March 30, 1872.
William G. Warden affirmed and examined.
By Mr. C. Heydrick (Counsel).
_Q._ Are you an officer of the South Improvement Company?
_A._ Yes, sir; or rather, I was.
_Q._ What office did you hold?
_A._ I held the office of secretary during all the previous
meetings, and was a director of the company.
_Q._ When was the company organised?
_A._ Our minutes will show that, if you will allow me to refer to
them, and I desire to put them in as evidence. On referring to the
minutes I find that the corporators’ meeting was held January 2,
1872. As I understand that these minutes are to go in as a part of
the evidence, they will furnish you all the information you desire
in regard to the organisation and proceedings of the company.
[The chairman stated that the witness could refer to the minutes as
memoranda, and that the committee would determine hereafter as to
whether they should be received as evidence.]
By Mr. Heydrick.
_Q._ For what object or business was the company organised?
_A._ For refining oil.
_Q._ That meeting was under the charter which has been presented?
_A._ That was the first meeting held after we got the charter.
_Q._ The gentlemen who attended that meeting on the second of
January were those named in the act of the incorporation?
_A._ Yes, sir; they met and transferred the company under the
charter over to the stockholders.
_Q._ Did the incorporators named in the act transfer their interest
to the stockholders, as you have stated on that occasion?
_A._ Yes, sir.
_Q._ What refining capacity does this company possess? State the
amount of capital and stock subscribed and put in?
_A._ At that time 1,100 shares, at $100 per share, was subscribed,
and twenty per cent. thereon paid into the treasury.
* * * * *
_Q._ Where did that company intend to refine oil?
_A._ Their calculation was to get all the refineries in the country
into the company.
_Q._ Was it the design of the stockholders to include all the oil
refineries in this country?
_A._ Yes, sir; every one of them.
* * * * *
_Q._ Can you give us a list of the stockholders?
_A._ I can give you them from the minutes. They are as follows:
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