All in the Day's Work: An AutobiographyTarbell, Ida M. (Ida Minerva)
History
All in the Day's Work: An Autobiography
Tarbell, Ida M. (Ida Minerva)
Journalists -- United States -- Biography; Tarbell, Ida M. (Ida Minerva), 1857-1944
This investigation reported in 1906 that the Standard Oil Company was
receiving preferential rates from various railroads and had been for
some time. One of the most spectacular business suits the country had
seen up to that time followed. The Standard was found guilty by Judge
Kenesaw Landis, the present arbitrator of the manners and morals of
national baseball, and a punishment long known as the “Big
Fine”—twenty-nine million dollars—inflicted. The country gasped at the
size of the fine, but not so the Bureau of Corporations. My
correspondent there contended that over eight thousand true indictments
had been found, and that the maximum penalty would have amounted to over
a hundred and sixty million dollars!
But even the twenty-nine million dollars, so modest in the view of the
Bureau of Corporations, was not allowed to stand, for in 1908 Judge
Peter Grosscup of the Circuit Court of Appeals in Illinois upset it.
Roosevelt was angry. “There is too much power in the bench,” he told his
friends.
But by this time the Government had under way another and a much more
serious line of attack, from which Roosevelt was hoping substantial
results. Back in 1890 the Congress had enacted what was known as the
Sherman Antitrust Law, a law making illegal every contract and
combination restraining trade and fostering monopoly. The Government was
now seeking to apply this law to the Standard Oil Company. Was it not
the first industry to attempt monopoly? Had it not been the model for
all the brood?
Such a suit was no new idea. Independent oilmen had long talked of it,
and in 1897 they had been ready to go ahead when at the last moment the
lawyer to whom they had entrusted their case was taken suddenly ill and
died. It must have seemed to the energetic Lewis Emery, Jr., who had
been engineering the attack that the Lord himself had “gone over to the
Standard.”
Ten years went by, and then in September, 1907, the United States of
America began suit against the Standard Oil Company of New York _et al._
There were months and months of hearings. If I had been a modern
newspaper woman I could have made a good killing out of that long
investigation, for more than one editor asked me to analyze the
testimony as it came along or give my impressions of the gentlemen who
appeared on the witness stand. But I had no stomach for it; I never
attended a public examination though I of course read the published
testimony with care.
I knew well enough that the time would come when, if I did my duty as a
historian, I must analyze the suit; but that must be after it was ended
and a sufficiently practical test had been made of the decision. It
would be a long time, I told myself, before I should be obliged to take
up the story where I had left it.
13
OFF WITH THE OLD—ON WITH THE NEW
Public-domain text, read in full here on John Shaqi.
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