Word: rounde
(lookup in dictionary)
(lookup stats)
Dates: during 1920-1929
Sort By: most recent first
(reverse)
...Round 1. Col. Stewart testified before the U. S. Senate Committee on Public Lands concerning the oil scandals. At first he said: "I never had anything to do with the distribution of any bonds [of the Continental Trading Co.] . . . I don't know anything about it." Later he said: "I know about the disposition of $759,500 of these bonds." The Senate charged Col. Stewart with perjury and contempt. He was acquitted of both charges, in jury trials last year...
...Round 2. Mr. Rockefeller Jr., a minority stockholder in Standard Oil Co. of Indiana, examined Col. Stewart's testimony, talked with him, asked him to resign as chairman of the board. According to Mr. Rockefeller Jr., Col. Stewart promised to comply with this request. Nine months passed and Col. Stewart did not resign, in fact refused to resign. Mr. Rockefeller Jr. sailed for Egypt last fortnight, but left behind him a letter to stockholders, expressing loss of confidence in Col. Stewart and asking for proxies to oust him. In Chicago, Col. Stewart replied: "If the Rockefellers want to fight...
...Round 3. President Edward G. Seubert and the directors of Standard Oil Co. of Indiana voted unanimously to support Col. Stewart, asked stockholders to do the same. The majority of employe-stock-holders are supporting Col. Stewart, either because they feel that he has made the company prosper or because they fear for their jobs. Standard Oil of Indiana profits for 1928 were estimated at $80,000,000, or about $9 a share. At the end of this round, Col. Stewart was a 2 to 1 betting favorite...
...Round 4. Enter one branch of the U. S. Government, in the form of a man who is seldom news: Howard Sutherland, acting Alien Property Custodian. Said he: "I did as my judgment and conscience dictated." His deed was to support Mr. Rockefeller Jr. with proxies for 12,000 shares of Standard Oil of Indiana stock, which had been seized from Germans and Austrians during the World War and for which Mr. Sutherland is sole trustee...
...Round 5. Enter the biggest banker of the Far West, Amadeo Peter Giannini of San Francisco, with proxies for 32,000 shares for Mr. Rockefeller...