Standard Oil Company; Trusts, Industrial -- United States
This matter was also passed upon by the Select Committee of the United
States Senate on Interstate Commerce. "No comment," the committee say,
"is needed upon this most impudent and outrageous proposition"--by the
oil company to the railroad.[378]
"Are you going to deny that story?" a great American statesman of the
latter-day type was asked by one of his friends.
"Not I," was the reply. "The story's false. When you find me taking the
trouble to deny a thing, you can bet it's true!"
This "agreement for the transportation of oil" had its calculated
effect. It put a stop to the transportation of oil from the Ohio field
by Rice over the railroad, just as the destruction by the same hands
of the pipe line to the Alleghany had cut him off from access to the
Pennsylvania oil-fields. He then built his own pipe line to the Ohio
field. To lay this pipe it was necessary to cross the pipe line of his
great rival. Rice had the pluck to do this without asking for a consent
which would never have been given. His intrepidity carried its point,
for, as he foresaw, they dared not cut his pipe for fear of reprisals.
In turning to the South, after his expulsion from the Ohio and Western
markets, the Marietta independent did but get out of one hornet's
nest to sit down in another. His opponent was selling its oil there
through a representative who, as he afterwards told Congress, "was very
fortunate in competing." He thought it was "cheaper in the long-run to
make the price cheap and be done with it, than to fritter away the time
with a competitor in a little competition. I put the price down to the
bone."[379] Rice, in the South, ran into the embrace of this gentleman
who had the "exclusive control" of that territory, and whose method of
calling the attention of trespassers to his right was to cut them "to
the bone." The people and the dealers everywhere in the South were glad
to see Rice. He found a deep discontent among consumers and merchants
alike. They perhaps felt more clearly than they knew that business
feudalism was not better, but worse, because newer, than military
feudalism. This representative of the combination assured Congress
that "99.9 of all the first-class merchants of the South were in close
sympathetical co-operation with us in our whole history"--that is, out
of every hundred "first-class merchants" only one-tenth of one merchant
was not with them. This is a picturesque percentage.
Public-domain text, read in full here on John Shaqi.
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