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STANDARD OIL COMPANY.

RE-ORGANISATION

NEW YORK, Sept. 19. It is believed in Wall Street that the Standard Oil Trust, with its many industrial interests, is being quietly reorganised. Younger men are displacing the millionaires who have directed the affairs of the trust for years and whose operations in Wall Street have more than once disturbed the financial world. Shaken in health and worn out by the terrific strain, the members of the "Rockfeller" group" are giving way to the next generation.

The reappearance of Mr John D. Rockefeller at the head office of the trust after eight years' absence is taken to indicate that he is transferring his share of responsibility to his son, Mr John D. Rockefeller, jun. Mr Rockefeller, sen., is undisputedly the richest man in the world, but the position has cost him his nerves, his digestion, and his hair. He lives on milk, and is unhappy. He is physically incapable of acting in a more than advisory capacity to the trust which he founded.

Mr William G. Rockefeller, jun., his eldest son, is also more active in the affairs of the Standard Oil Trust. He is thirty-seven years old, while Mr John D. Rockefeller, jun., is thirtythree.

Mr Henry H. Rogers, another member of the "inner circle" of the trust, and the great copper magnate, is likewise paying the penalty of overwork. He is suffering from paralysis, and it is considered doubtful whether he will ever re-enter the financial world.

Mr Rogers has been displaced to a large extent by his scm-in-law, Mr Urban H. Broughton, an English mining engineer.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/MEX19071114.2.4

Bibliographic details

Marlborough Express, Volume XLI, Issue 269, 14 November 1907, Page 2

Word Count
264

STANDARD OIL COMPANY. Marlborough Express, Volume XLI, Issue 269, 14 November 1907, Page 2

STANDARD OIL COMPANY. Marlborough Express, Volume XLI, Issue 269, 14 November 1907, Page 2

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