Scientific American, Vol. XXXIX.—No. 24. [New Series.], December 14, 1878: A Weekly Journal of Practical Information, Art, Science, Mechanics, Chemistry, and ManufacturesVarious
Science
Scientific American, Vol. XXXIX.—No. 24. [New Series.], December 14, 1878: A Weekly Journal of Practical Information, Art, Science, Mechanics, Chemistry, and Manufactures
Various
Science -- Periodicals; Technology -- Periodicals
What right, then, has the oil producer to complain? Why, if all that
is alleged is true, will they persist in sinking more wells, when,
as they say, they are controlled by the Standard Oil Company? No one
forces them to lose money by continuing in the business. Let them find
other employment. They do not show that the Standard Oil Company
does anything that combined capital on their part and equal business
ability could not effect.
The cry of monopoly in this case is altogether unfounded, those
opposed to the Standard Oil Company having just as much right to do
all that that company does, and, therefore, there can be no monopoly,
because they have no exclusive powers.
As to the railway companies, they can afford and have a right to
transport the tonnage offered them by the Standard Oil Company at less
cost, because it costs them less to do a regular and large business
than an irregular and smaller one. They would simply be acting in
accordance with business principles the world over.
These are the arguments, the statement of the position of a successful
combination confident in its resources and of victory in the coming
struggle. The justness, the correctness of the doctrines enunciated,
and the wisdom of so doing at this crisis, we do not propose to
criticise; but it is very safe to say that if the prosperity of the
complainants depends upon relief in this direction they may as well
cease producing.
There are too many of them for harmonious and concerted action against
the powerful corporations they complain of; and if they should succeed
in securing equal transportation facilities the prices would still be
regulated by the monopolists, who carry more than four-fifths of the
accumulated stock of the oil regions.
The proposed appeal to Congress to pass some law whereby each producer
can compel railroad companies to carry his produce at regular rates,
amounts to a confession of the desperate straits of the producers
and of their weakness as well; and even if successful, which is most
improbable, would not remedy the deplorable existing state of things.
Still lower rates would fail to give relief, with all the present
avenues of trade filled to repletion and with an increasing output
at the wells. Relief and permanent relief can be found only in the
direction we have before indicated: in the general application of
petroleum and its products to the manufacture of gas for illuminating
and heating purposes, and its substitution for coal in the metallurgic
and other prominent industries of the world.
* * * * *
THE LIMIT OF WORK.
In distributing the prizes to workmen at the Paris Exhibition, Louis
Blanc, the leader of the French Republican Socialist party, quoted
approvingly these words of Simonde de Sismondi:
"If the workman were his own master, when he had done in two hours
with the aid of machinery what would have taken him twelve hours to do
without it, he would stop at the end of the two."
Public-domain text, read in full here on John Shaqi.
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