Standard Oil Company; Trusts, Industrial -- United States
Matthews had tried to make money in oil, and had failed; but his
competition had forced those in control of the markets to increase the
price to the producer, and he made light cheaper to the community. In
Buffalo his enterprise had caused the price to drop to 6 cents from 12
and 18 cents, in Boston[507] to 8 cents from 20. Oil has never since
been as high in Boston or Buffalo as before he challenged the monopoly.
And he forced the struggle into the view of the public, and succeeded
in putting on record in the archives of courts and legislatures and
Congress a picture of the realities of modern commerce certain to
exercise a profound influence in ripening the reform thought with which
our air is charged into reform action.
Nothing is so dramatic as fact, when you can find the fact. The
treatment his church gave the brother, who had been the victim, as
judicially declared, of a criminal conspiracy, is described in the
following letter from Matthews:
"BUFFALO, January 19, 1888.
"MY DEAR FRIEND,--As your father was a clergyman, and as you feel an
interest in church affairs, I think you will wish to know of my recent
experiences. My church here is not a rich one, but we pay as much for
church music as we do as salary to our pastor. Probably the wealthiest
man in our church is an agent of the oil trust. He receives a salary
of $18,000 per year, and keeps their retail store here, and has been a
witness for them in important suits. He does not belong to our church,
but is a trustee and treasurer of the Church, and is very kind to our
pastor, whom he took last summer on quite an extended vacation trip
in New England. But you know the class of men that usually become
trustees in our city churches these days.
Public-domain text, read in full here on John Shaqi.
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