Word: oiled
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Dates: during 1920-1929
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Meanwhile, Frank J. Hogan, smart lawyer for Colonel Stewart, pointed out that the oil man had been tried and acquitted of charges of contempt and perjury growing out of his testimony before the Senate committee. Lawyer Hogan made public a statement signed by the twelve jurors of the perjury trial, saying: "It was our intention that our verdict should stand as a vindication of Colonel Stewart...
...letter, Mr. Rockefeller Jr. told how he had lost confidence in Colonel Stewart's leadership because of Colonel Stewart's testimony before the Senate Committee on Public Lands, concerning the oil scandals; how he had asked for Colonel Stewart's resignation last April; how Colonel Stewart has continued to ignore his request. "I am therefore," wrote Mr. Rockefeller Jr., "asking the stockholders of the company to join me in opposing his re-election...
Forthwith Colonel Stewart returned from Manhattan to Chicago with the words: "If the Rockefellers want to fight, I'll show them how to fight. . . . I may be mistaken, but it seems to me that I owe fully as much to the person holding ten shares of Standard Oil of Indiana . . . as I may owe one who has so much wealth that he has to hire experts to spend his income...
...Practically, Wall Street estimated that previous to the Rockefeller letter, only 17% of Standard Oil of Indiana stock was in Rockefeller hands, while Colonel Stewart and allies controlled...
...Standard Oil Co. of Indiana has issued 9,160,000 shares of capital stock. †President E. G. Seubert of Standard Oil Co. of Indiana was mentioned in the Rockefeller letter as a "loyal and devoted" leader. But he had long been considered a Stewart man. Now he may be the crux of the battle...