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
_A._ Well, sir, in the agreement you will observe that the maximum
rebates and maximum rates are stated. These maximum rebates were
exceptions to the rule, which is a cardinal principle in the
contract. The actual rates were to be kept as near to net rates as
possible. Moreover, this was a contract which, before it was to go
into effect, would have been a contract with the producer as well as
the refiner.
_Q._ Does this contract show that?
_A._ The draft of a contract which I have presented to the
committee, and which was to have been entered into with the
producers before the contracts with the railroad companies went into
operation, shows that.
_Q._ Does this contract say that anything was to be done in behalf
of the producer before it was to go into operation?
_A._ Not on the face of the contract; it was only a condition on
which it was delivered to me.
_Q._ A written condition so that it would become a part of the
contract?
_A._ It was a part of the contract.
_Q._ I asked you whether there was anything in writing?
_A._ I said there was nothing in writing on the face of the
contract, but nevertheless it was an essential part of it.
_Q._ It seems to be essential now that it should be a part of the
contract?
_A._ It was all the time so considered from the beginning.
By Mr. Hambleton.
_Q._ Was this draft of a contract with the producers drawn prior to
the execution of the railroad contracts?
_A._ Yes, sir, the draft was drawn prior to that.
By the Chairman.
_Q._ What is the date of that pencilled draft of a contract?
_A._ I could not give you the date of it; it was written in the
office of the Lake Shore Railroad Company.
_Q._ At what place?
_A._ New York.
_Q._ State as near as you can the date?
_A._ I should say it was probably in December; either late in
December or in the beginning of January, probably in December;
indeed, I am very confident it was before I went home at Christmas.
_Q._ Has any copy of this ever been printed?
_A._ No, sir.
_Q._ This is all there was of it?
_A._ Yes, except discussion; we discussed the matter.
_Q._ I mean all there was committed to writing?
_A._ Yes, sir, all there was then committed to writing.
_Q._ Is it all there was as far as making out a contract is
concerned?
_A._ Yes, sir.
_Q._ Was this submitted to the producers as a body or individually?
_A._ We were very anxious to submit it to the producers, and I asked
them to appoint a committee that we might do it, but they had got up
such an excitement at the time that nothing was practicable.
_Q._ When was that?
_A._ Before the last of these contracts was signed.
_Q._ Can you give the dates at all?
_A._ I cannot give the dates, but the contract with the Lake Shore
road had not been signed at the time.
_Q._ What producers did you ask to call a meeting?
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