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
It did not take the full exposition of the objects of the South
Improvement Company, brought out by the Congressional Investigating
Committee, with the publication of charters and contracts, to convince
the country at large that the Oil Regions were right in their
opposition. From the first the sympathy of the press and the people were
with the oil men. It was evident to everybody that if the railroads had
made the contracts as charged (and it daily became more evident they had
done so), nothing but an absolute monopoly of the whole oil business by
this combination could result. It was robbery, cried the newspapers all
over the land. “Under the thin guise of assisting in the development of
oil-refining in Pittsburg and Cleveland,” said the New York Tribune,
“this corporation has simply laid its hand upon the throat of the oil
traffic with a demand to ‘stand and deliver.’” And if this could be done
in the oil business, what was to prevent its being done in any other
industry? Why should not a company be formed to control wheat or beef or
iron or steel, as well as oil? If the railroads would do this for one
company, why not for another? The South Improvement Company, men agreed,
was a menace to the free trade of the country. If the oil men yielded
now, all industries must suffer from their weakness. The railroads must
be taught a lesson as well as would-be monopolists.
The oil men had no thought of yielding. With every day of the war their
backbone grew stiffer. The men were calmer, too, for their resistance
had found a ground which seemed impregnable to them, and arguments
against the South Improvement Company now took the place of
denunciations. On all sides men said, This is a transportation question,
and now is the time to put an end once and forever to the rebates. The
sentiment against discrimination on account of amount of freight or for
any other reason had been strong in the country since its beginning, and
it now crystallised immediately. The country so buzzed with discussion
on the duties of the railroads that reporters sent from the Eastern
newspapers commented on it. Nothing was commoner, indeed, on the trains
which ran the length of the region and were its real forums, than to
hear a man explaining that the railways derived their existence and
power from the people, that their charters were contracts with the
people, that a fundamental provision of these contracts was that there
should be no discriminating in favour of one person or one town, that
such a discrimination was a violation of charter, that therefore the
South Improvement Company was founded on fraud, and the courts must
dissolve it if the railways did not abandon it. The Petroleum Producers’
Union which had been formed to grapple with the “Monster” actually
demanded interstate regulation, for in a circular sent out to newspapers
and boards of trade asking their aid against the conspiracy they
included this paragraph: “We urge you to exert all your influence with
Public-domain text, read in full here on John Shaqi.
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