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
2. To provide suitable tankage at the points where petroleum is
produced, on the railroads of the party hereto of the second part
and its connections in which to receive crude petroleum preparatory
to shipment, with the necessary pipes, pumps, racks, and other
appliances for its convenient transfer in bulk into railroad cars.
3. To deliver to the railroads of the party hereto of the second
part, and its connections, at the places of shipment, and to receive
from them, at the places of destination, all crude petroleum and its
products transported over their roads for the party of the first
part.
4. To provide at the places of destination on the seaboard,
necessary and suitable yards, wharves, warehouses, sheds, tanks,
pipes, pumps, and motive power, for the reception of petroleum and
its products, and loading vessels therewith.
5. To provide, maintain, and operate the works necessary to refine
crude petroleum upon the largest scale practicable, and with such
skill, and on such a system of organisation and division of labour,
as will secure both efficiency and economy; and for that purpose and
for the purpose of developing and increasing the petroleum trade of
the country, to provide and maintain all suitable and necessary
means and facilities.
6. To keep records of the transportation over the railroads of the
party hereto of the second part, and its connections, and so far as
it can obtain the same, over the Erie and the New York Central
railroads and their connections, of all petroleum and its products,
showing the number of barrels of forty-five gallons each in bulk,
and the number of barrels of forty-seven gallons each in barrels,
carried by each road with the points of receiving and delivery, and
the amount of freight received by each road for such transportation,
which records shall at all reasonable times be open to the
inspection of the duly constituted representatives of the party
hereto of the second part.
Monthly abstracts of all such records shall be regularly sent to the
party of the second part.
7. To pay the party of the second part weekly for all transportation
over its roads and its connections, of petroleum and its products,
such gross rates and half-rates of freight as are hereinafter
specified, less the rebates and drawbacks hereinafter provided to be
retained by the party hereto of the first part for its own use.
ARTICLE SECOND
The party hereto of the second part covenants and agrees:
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