Standard Oil Company; Trusts, Industrial -- United States
The corporation which manages this monopoly of the terminals at
Communipaw is a mysterious concern. Who own its stock, and what its
relations with the railroad are, the Interstate Commerce Commission
could not find out. Its president and treasurer were summoned to
testify, but refused to attend. The manager of the oil combination's
pipe lines stated that he knew of stock in the company that was owned
by a member of the trust, though he afterwards qualified that he
did not know it "positively."[270] The charge that this company was
controlled by the monopoly was specifically made before the Interstate
Commerce Commission and was not denied, and the Commission found
that the oil combination "have a monopoly of those facilities to the
exclusion of complainants."[271] It thus reported the same state of
facts in 1892 as the New York Legislature in 1879.
The barrel was therefore the fountain of life for the independent.
Without barrels he could not get his oil on board ship for export, and
without exporting he could not live and refine for the home market.
The oil combination ships in barrels also. According to the figures
given in this case by one of its "assistant managers" its shipments by
barrel are very large. This testimony was introduced to make it appear
cruel to insinuate that the difference between barrels and tanks was
made by the railroads to favor it, since it as well as the independents
used barrels. The Commission openly expressed its dissatisfaction with
this evidence, and dismissed the subject by the conclusive observation
that the combination gains more by the low tank-car rates than it
loses by the high barrel rates.[272] For the independent, however, the
difference in rates was almost all loss, for he at that time shipped
mostly in barrels. The high prices it made for oil and for freights at
Titusville and Oil City did not hurt the combination. It had only to
close its refineries there and transfer their business for the time to
its establishments elsewhere. This it did, keeping some of them idle
for years.[273]
Public-domain text, read in full here on John Shaqi.
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