Standard Oil Company; Trusts, Industrial -- United States
The sentence raised a whirlwind of indignation. "As ridiculous as
anything that could be imagined," said the Philadelphia _Ledger_. "It
is high time," said the New York _World_, "that the lines were drawn
between competition and conspiracy, between business and brigandage."
Referring to the golden harvest of $300,000 dividends in one year on
a capital of $100,000, representing an original investment of only
$13,500, the _World_ said: "The monopoly of this sort of business is
a very seductive thing. It is calculated to make men of more boldness
than morals blow up factories, or do almost anything else to control
the field." "It can afford to blow up a rival refinery every day
in the year at that price," said the Erie _Dispatch_. "There have
been conspiracies," said the Oil City _Blizzard_ (Pa.), "to injure
the business of opposition concerns right here in Oil City, and the
conspirators have never been punished." "It is--a light sentence," was
the comment of the Buffalo _Commercial_. "Poor criminals," the Buffalo
_Express_ declared, "may well wonder why rich ones are let off so
easily. It is equivalent to deciding that wealth may securely indulge
in that inexpensive sort of amusement as a mere pastime. Who's afraid?"
it asked. "What conspirator 'in restraint' of trade is afraid of a $250
fine?" "Certain it is that no wealthy criminals convicted of such a
crime ever before received from a court such a mockery of justice," was
the verdict of the Springfield (Mass.) _Republican_.
The facts of this case have not been carelessly examined or decided.
Two grand-juries in succession passed upon the evidence and found it
good enough for indictments. Two petit juries heard the evidence,
both for and against, in the civil and criminal suits, and found it
good enough--one jury for $20,000 damages, another for a verdict of
criminally guilty. Seventy picked citizens have unanimously concurred
in the decision "Guilty." And this scarlet letter the monopoly will
always have to carry.
Public-domain text, read in full here on John Shaqi.
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