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
Naturally enough the producers now pointed out that the case of the H.
L. Taylor Company was a demonstration of what they had claimed in 1872,
when the South Improvement Company, alarmed at the uprising, offered
them a contract, and what they had always claimed since when the
Standard offered contracts for oil on a sliding scale, viz., that such
contracts were never meant to be kept; that they were a blind to enable
the Standard to make scoops such as they had made in the winter of 1876
and 1877.
Taking all these points into consideration—
First—That the Standard Oil Company, like the South Improvement Company,
was a secret organisation;
Second—That both companies were composed in the main of the same
parties;
Third—That it aimed, like its predecessors, at getting entire control of
the refining interest;
Fourth—That it used the power the combination gave it to get rebates on
its own oil shipments and drawbacks on the shipments of other people;
Fifth—That it arranged contracts which compelled the railroads to run
out all competition by lowering their rates.
Sixth—That it aimed to put up the price of refined without allowing the
producer a share of the profits—
Taking all these points into consideration, many of the producers,
including the president of the Petroleum Producers’ Union, B. B.
Campbell, and certain members of his Council, came to the conclusion
that as they had sufficient evidence against the members of the Standard
Combination to insure conviction for criminal conspiracy, they should
proceed against them. Strenuous opposition to the proceedings, as hasty
and ill-advised, developed in the Council and the Legal Committee, but
the majority decided that the prosecution should be instituted. Mr.
Scott and Mr. Cassatt were omitted from the proposed indictment on the
ground that they were already weary of the Standard, and would cease
their illegal practices gladly if they could.
Public-domain text, read in full here on John Shaqi.
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