The Transgressors. Story of a Great Sin. A Political Novel of the Twentieth CenturyAdams, Francis A. (Francis Alexandre)
General
The Transgressors. Story of a Great Sin. A Political Novel of the Twentieth Century
Adams, Francis A. (Francis Alexandre)
Political fiction
"Forty years ago I attained my majority. I was a citizen of the state of
Pennsylvania, and considered that I was a freeman. By the death of my
father I had come into a fortune of fifty thousand dollars. I lived in
the oil region, and sought to engage in the oil industry. To this end I
purchased land contiguous to a railroad. On my holdings a well was
located which yielded three hundred barrels of oil a day.
"No sooner had I begun to operate my well than the agents of the Oil
Trust, which had then but recently sprung into existence as a menace to
individual refining, came to me with a proposition to incorporate my
well in the Trust's system. The well was capable of earning a net profit
of seventy thousand dollars a year. The Trust offered me a paltry two
hundred and thirty thousand dollars for my plant. This I refused to
accept, for the actual value was one million dollars.
"Then by crafty insinuation the agents of the Trust intimated that
unless I sold my property and accepted inflated stock in the Trust and
allowed my well to be absorbed in the system, I would find myself
opposed by the mighty consolidation. Still I refused to abrogate my
right to conduct an independent business.
"Failing to allure me by their offers, which would have proved valueless
in the end; or of intimidating me by their threats, the agents reported
to the office of the Trust that I was obdurate and must be disciplined.
"Accordingly pressure was brought to bear on the railroad over which I
sent my product to a market. The railroad discriminated against me; it
gave the Trust a rebate on all oil shipped over the road and made me pay
the full schedule rates. Even against this detrimental condition I was
able to sell my oil at a small profit.
"I might have survived the unequal struggle had not the 'pipe line'
system been introduced. By this the Oil Trust transports its oil to the
sea-board at a cost that enables it to undersell all competitors. And
for a time the price of oil was reduced, and all the minor competitors
were driven into bankruptcy or forced to sell out to the Trust at a
ridiculously low figure.
"Owing to my well being centrally located I was able to hold out longer
than many others.
"John D. Savage, the Oil King, realized that some more potent means had
to be devised to crush me. This means was found in the expedient of
'Sacrifice' sales. At every depot where I sold, the agents of the Trust
offered to sell oil at figures lower than I could possibly sell it. I
lost my trade. In an effort to retrench, my fortune was consumed, and
from a position of affluence I descended to beggary, and had to join the
ranks as an employee. So bitter was the animosity of the Trust that it
sought to rob me even of the opportunity to earn a living. I have been
hounded from post to pillar; my life has been made miserable. I have
seen my family want for bread.
"And all because I withstood the assault of the Oil King.
Public-domain text, read in full here on John Shaqi.
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