The History of the Standard Oil CompanyTarbell, Ida M. (Ida Minerva)
History
The History of the Standard Oil Company
Tarbell, Ida M. (Ida Minerva)
Petroleum industry and trade -- United States -- History; Standard Oil Company -- History
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. .
. The charges of the oil producers have not been .
. substantiated in any way that demands action. .
. .
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In Bradford a huge effigy hung in the streets all day, and in the
village of Tarport, near by, another swayed on the gallows. They pulled
down the effigy at Bradford, and drew from a pocket what purported to be
a check signed by John D. Rockefeller, president of the Standard Oil
Company, in favour of “Buck” McCandless, for $20,000, and endorsed by
the Pennsylvania Railroad Company. That represented the price, they
said, that McCandless got for signing the report. Throughout the oil
country there was hardly an oil producer to be found not associated with
the Standard Oil Company who did not believe that McCandless had sold
himself and his office to the Standard Oil Combination for $20,000, and
used the money to help in his Congressional canvass.
The excitement in the Oil Regions spread all over the country. Something
of the importance the press attached to it may be judged from the way
the New York Sun handled the question. For six weeks it kept one of the
ablest members of its staff in the Oil Regions. Six columns of the first
page of the issue for November 13 was taken up with the story of the
excitement, coupled with the full account of the South Improvement
Company, and the development of the Standard Oil Company out of that
concern. On November 23 the first page contained four columns more under
blazing headings.
Early in 1879 the hearing in the suits in equity brought by the
commonwealth against the various transportation companies of which the
producers had been complaining were begun. The witnesses subpœnaed
failed at first to appear, and when on the stand they frequently refused
to reply; but it soon became apparent to them that the state authorities
were in earnest, and that they must “answer or go to Europe.” By March,
1879, an important array of testimony had been brought out. Among the
Standard men who had appeared had been John D. Archbold, William Frew,
Charles Lockhart and J. J. Vandergrift. A score or more of producers
also appeared. The most important witness from the railroad circles,
and, indeed, the most important witness who appeared, was A. J. Cassatt.
Mr. Cassatt’s testimony was startling in its candour and its
completeness, and substantiated in every particular what the oil men had
been claiming: that the Pennsylvania Railroad had become the creature of
the Standard Oil Company; that it was not only giving that company rates
much lower than to any other organisation, but that it was using its
facilities with a direct view of preventing any outside refiner or
dealer in oil from carrying on an independent business.[72]
Public-domain text, read in full here on John Shaqi.
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