William Frew 10 shares W. P. Logan 10 〃 John P. Logan 10 〃 Charles Lockhart 10 〃 Richard S. Waring 10 〃 W. G. Warden 475 〃 O. F. Waring 475 〃 P. H. Watson 100 〃 H. M. Flagler 180 〃 O. H. Payne 180 〃 William Rockefeller 180 〃 J. A. Bostwick 180 〃 John D. Rockefeller 180 〃 ————— 2,000 By Mr. Sheldon. _Q._ What was the idea of getting all the refineries of the country into one organisation? _A._ The idea when the company started was this: There is a large number of refineries in the country—a great deal larger than is required for the manufacture of the oil produced in the country, or for the want of the consumers in Europe and America; the capacity of the oil refineries in the country is, I think, 45,000 or 50,000 barrels a day; we completed our organisation, and when we met together it was discovered that the parties present represented, in one way or another, a large portion of the refining interest in the country; of course all of us had our friends in the matter, who must be taken care of if any arrangement at all was made; and after discussing the matter at considerable length, it was decided to include within our company every refinery we could possibly get into it. We also had considerable discussion with the railroads in regard to the matter of rebate on their charges for freight; they did not want to give us a rebate unless it was with the understanding that all the refineries should be brought into the arrangement and placed upon the same level; there was no difference made as far as we were concerned, in favour of or against any refinery; they were all to come in alike; that was the understanding from the first to the last. _Q._ Where are the refineries situated? _A._ Situated in New York, Philadelphia, Baltimore, Boston, on the seaboard, and in the Oil Region, Pittsburg, and Cleveland. _Q._ You say you made propositions to railroad companies, which they agreed to accept upon the condition that you could include all the refineries? _A._ No, sir; I did not say that; I said that was the understanding when we discussed this matter with them; it was no proposition on our part; they discussed it not in the form of a proposition that the refineries should be all taken in, but it was the intention and resolution of the company from the first that that should be the result; we never had any other purpose in the matter.