Standard Oil Company; Trusts, Industrial -- United States
Several witnesses were introduced to prove that Matthews had offered
to settle the criminal prosecution. He could not have done so had he
wished to. The criminal case was in the hands of the State. Of the
witnesses who made this charge against Matthews, one was a stockholder
in the trust, another had been a stockholder in one of its pipe lines,
and both had to admit on cross-examination that the occasion of his
alleged agreeing to settle the case had been that they had gone to him
for their friends, unsolicited by him and unexpected, to find out at
what price he would sell his works to the combination." I was anxious
to settle the criminal prosecution," said one of these ambassadors.
"Anxious for whom?" asked the ever-ready District Attorney.
"I should say--nobody," replied the witness, in confusion.
"Mr. Matthews told him," said Mr. Hiram Benedict, one of the best-known
citizens of Lockport, who was present, "that if they bought the capital
stock of the company they could do what they chose with the civil
suits, but with the criminal suit he had nothing to do; the people had
that in charge."[499]
The lawyers tried to make a jest of the whole proceeding, and affected
to look upon the incidents of this rivalry with their powerful client
as something too trivial to be noticed. "Is it a trivial matter," asked
District Attorney Quinby, "that it shall be decided, once for all, in
a court of justice, that in an alleged republic you and I shall not
start a business which is a rival to some one else? That is the issue
here, and yet the lawyers for the accused tell us it is trivial. It
is the most important question that was ever left to a jury of twelve
men in this or any country in this age of monopoly." The jury thought
so too. The meaning of the policy of suppressing competition was
skilfully described by Judge Edward Hatch, Mr. Matthews' counsel in
the civil suit for damages, and here again the jury, representing the
people, thought so too. "When a man or a corporation is in a position
to control the market as to a given article, then everybody is within
their power, and it rests with their conscience to determine what
shall be the price. Every time you farmers at home, or your wives or
daughters, take your oil-can, turn it up, fill your lamp, and then
sit down to read by it, you can understand what is meant by this
proposition to crush these men out.... It was a matter that not only
these three men were interested in, but every person that lived in the
community. Competition would run along to a point where you could get
the oils that you use in your families, to grease your wagons, and to
burn in your houses, or for any other purpose, at a price that should
give the manufacturer a fair profit, and at the lowest possible price.
On the other hand, if you leave that open to these parties to regulate
as they saw fit, having a monopoly of the market, then you rest upon
the conscience of a corporation and put your faith in a soulless
individual."
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account