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
your representatives in Congress to support such measures offered there
as will prohibit for all future time any monopoly of railroads or other
transportation companies from laying embargoes upon the trade between
states by a system of excessive freights or unjust discrimination
against buyers or shippers in any trade by the allowance of rebates or
drawbacks to any persons whatever. This is a matter of national
importance, and only the most decided action can protect you and us from
the scheming strength of these monopolies.”
How the whole question appeared to an intelligent oil man, one, too, who
had had the courage to resist in the attack on the trade in Cleveland,
and who still was master of his own refinery, is shown by the following
letter to the Cleveland Herald:
EDS. HERALD: As I understand, the financial success of this South
Improvement Company is based upon contracts made with the officers
(either individually or otherwise) of all the railroads leading out
of the Oil Region, by which they (the South Improvement Company)
receive as a drawback certain excess of freights, not only on every
barrel of oil shipped out of the Oil Regions by or to themselves,
but also on every barrel of oil shipped out of the Oil Regions by or
to other refiners, or dealers, or consumers.
The first advance in freights to Cleveland has already been made,
viz.: on crude oil, from forty cents to sixty-five cents per barrel.
This seemingly slight advance has already caused one party that I
know of to pay an excess of over $2,000. Other firms have paid
larger or smaller sums, according to the quantity of oil they were
compelled to have. This excess, we suppose, goes directly to swell
the profits of the South Improvement Company.
_This is only the beginning._ The whole extent of the evil that may
be done to producers, refiners, dealers and consumers, and to the
public generally, if this corporation—or rather combination of
corporations—is successful, is so deep and varied and far reaching,
that it cannot be fully comprehended and I will not attempt it in
detail, but only suggest a few inquiries.
Where will be their limits?
How high will they advance freights?
How low will they force the price of crude?
How high refined?
Will they adopt a liberal policy for producers, or will they destroy
their interests and _crush out_ the oil production entirely? Will
they be liberal with dealers and consumers and adopt uniform rules
with steady prices, or will they take advantage of times and
circumstances and force ruinous corners upon the trade?
Public-domain text, read in full here on John Shaqi.
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