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
OFFICE PETROLEUM PRODUCERS’ UNION,
OIL CITY, PENNSYLVANIA, April 4, 1872.
We are informed by parties known as members of the South Improvement
Company, now representing the Standard Oil Company, who are in the
market overbidding other shippers, that all contracts between the
railroad companies and South Improvement and Standard Companies are
cancelled. Will you please give us official notice whether such
contracts are cancelled or not? The people in mass-meeting assembled
have instructed the executive committee not to sell or ship any oil
to these parties until we receive such notice. Please answer at
once, as we fear violence and destruction of property.
Signed WILLIAM HASSON, _President_.
General McClellan, Horace F. Clark, Thomas A. Scott, and W. H.
Vanderbilt all sent emphatic telegrams in reply, asserting that the
South Improvement contracts had been cancelled and that their roads had
no understanding of any nature in regard to freights with the Standard
Oil Company. “The only existing arrangement is with you,” telegraphed
General McClellan. W. H. Vanderbilt reminded Mr. Hasson that the
agreement of March 25, between the railroad companies and the joint
committee of producers and refiners, was on a basis of perfect equality
for all, and the inference was, how could Mr. Vanderbilt possibly make a
special arrangement with the Standard? From the Standard Oil Company the
following was received:
CLEVELAND, OHIO, April 8, 1872.
TO CAPTAIN WILLIAM HASSON: In answer to your telegram, this company
holds no contract with the railroad companies or any of them, or
with the South Improvement Company. The contracts between the South
Improvement Company and the railroads have been cancelled, and I am
informed you have been so advised by telegram. I state unqualifiedly
that reports circulated in the Oil Region and elsewhere, that this
company, or any member of it, threatened to depress oil, are false.
JOHN D. ROCKEFELLER, _President_.
After reading all the telegrams the committee submitted its report. The
gist of it was that since they had official assurance that the hated
contracts were cancelled, and that since they had secured from all the
trunk lines a “fair rate of freight, equal to all shippers and
producers, great or small, with an abolition of the system of rebates
and drawbacks,” the time had arrived “to open the channels of trade to
all parties desiring to purchase or deal in oil on terms of equality.”
The report was received with “approbation and delight” and put an
official end to the “Oil War.”
Public-domain text, read in full here on John Shaqi.
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