Standard Oil Company; Trusts, Industrial -- United States
"Do I understand you that they have not sought in any way to make the
operations of refineries outside the trust so unprofitable that parties
would either come into the trust or have to abandon the business--has
anything of that sort been done?"
"They have not; no, sir, they have not," was the triple negative of the
president.
"They" (the trustees) "have lived on good terms with what I may call
their competitors?"
"They have; and have to-day very pleasant relations with those
gentlemen."
"So far as you know," he was asked, "the product of the crude oil and
the manufacture and sale of the refined oil has been absolutely left to
the ordinary rules of supply and demand, has it not?"
"It has."[453]
In the winter of 1873 a young farmer living among the blue hills of
Wyoming, in western New York, where he had been born and bred, was
asked by a stranger from Rochester to help him in a search for oil
lands. The old-fashioned quiet of the little community was agitated by
the hope that the milk and honey of their valleys might be replaced
by a more precious flow. The stranger and his son were prosperous oil
refiners, but a little cloud, about the size of a "trustee's" hand,
had crept into their sunshine. As they set about drilling a well on
some "likely-looking" land they had leased, the stranger told the
farmer why he was so anxious to strike oil for his own exclusive use.
The reader is better prepared to understand his explanation than the
then inexperienced agriculturist to whom he gave his confidence. It had
begun to be difficult for him to get a full and regular supply of the
crude petroleum for his works. There were restrictions, he said, about
the shipments.[454] What that meant the young farmer was to learn for
himself.
Public-domain text, read in full here on John Shaqi.
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