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
NUMBER 5 (See page 1062)
CONTRACT BETWEEN THE SOUTH IMPROVEMENT COMPANY AND THE PENNSYLVANIA
RAILROAD COMPANY, DATED JANUARY 18, 1872
[Proceedings in Relation to Trusts, House of Representatives, 1888.
Report Number 3112, pages 357–361.]
Agreement made and entered into this eighteenth day of January, in
the year eighteen hundred and seventy-two, by and between the South
Improvement Company, a corporation organised and existing under the
laws of the State of Pennsylvania, party hereto of the first part,
and the Pennsylvania Railroad Company, on its own behalf and on
behalf of all other railroad companies, whose roads are controlled,
owned, or leased by it, or with which it has sufficient running
arrangements, which other roads are herein described as the
connections of the said Pennsylvania Railroad Company, party hereto
of the second part.
WITNESSETH:
_Whereas_, the party hereto of the first part has been organized for
the purpose, among other things, of increasing, facilitating, and
developing the trade in and the conveyance and transportation of
petroleum and its products, and for that purpose proposes, among
other things, to expend large sums of money in the purchase,
erection, and construction of, and maintaining and conducting works
for storage, distillation, and refining, warehousing and
transportation, and in various other ways, upon the inducement,
among other things, of this contract.
_And Whereas_, the magnitude and extent of the business and
operations proposed to be carried on by the party hereto of the
first part will greatly promote the interest of the party hereto of
the second part, and make it desirable for it, by fixing certain
rates of freight, drawbacks, and rebates, and by the other
provisions of this _agreement_, to encourage the outlay proposed by
the party hereto of the first part, and to facilitate and increase
the transportation to be received from it.
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