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
They also force every consumer of oil on this broad continent, after
paying all the legitimate cost of producing, refining, and
transportation on oil, to pay them also an additional tribute—for
what? Absolutely nothing.
The railroad companies derive their existence and power to act under
charters granted them by the citizens (through their Legislatures)
of the several states in which they exist. This charter is a
contract made by and between the citizens of the one part and the
railroad company on the other, and both parties bind themselves
alike to the faithful performance of the conditions of the contract.
One of the fundamental provisions of this contract is that there
shall be no discrimination shown to any individuals, or body of
individuals, as to facilities or privileges of doing business with
such railroad company; on the contrary, the railroad company is
expressly required in all cases to charge uniform rates for the
transportation of freight and passengers.
They must, if desired, carry the freight for A that they do for B,
AND ALWAYS AT THE SAME PRICE. Any deviation from this stipulated
condition is a wilful and fraudulent violation of their contract. If
it is by means of such violations of contracts on the part of the
several railroad companies connected with them that the South
Improvement Company expects success, then the whole gigantic
STRUCTURE IS ESTABLISHED UPON FRAUD AS A BASIS, AND IT OUGHT TO COME
DOWN.
Very respectfully,
F. M. BACKUS.
CLEVELAND, OHIO, March 5, 1872.
The oil men now met the very plausible reasons given by the members of
the company for their combination more intelligently than at first.
There were grave abuses in the business, they admitted; there was too
great refining capacity; but this they argued was a natural development
in a new business whose growth had been extraordinary and whose limits
were by no means defined. Time and experience would regulate it. Give
the refiners open and regular freights, with no favours to any one, and
the stronger and better equipped would live, the others die—but give all
a chance. In fact, time and energy would regulate all the evils of which
they complained if there were fair play.
[Illustration:
HENRY H. ROGERS IN 1872
Now President of the National Transit Company and a director of the
Standard Oil Company. The opposition to the South Improvement
Company among the New York refiners was led by Mr. Rogers.
]
Public-domain text, read in full here on John Shaqi.
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