Standard Oil Company; Trusts, Industrial -- United States
"Toledo has not two years' supply of gas," the circular said, "in all
the territory acquired." The State Geologist, in his annual report
for 1890, said that Toledo would have no gas to supply its pipe lines
or citizens in 1891. In 1892 the city pipe line supplied gas to the
value of $168,954.46. Three years have passed, Toledo wells still flow,
and new ones are being found continually. "Whatever may have been his
object," say the city gas trustees, "in volunteering such a statement,
we know that so far in 1891 it is untrue, and that such positive
declarations, based upon hypothetical conditions, are utterly unworthy
of scientific pretensions."[528] The State Geologist also took part in
his annual report in the debate between municipal control and private
enterprise, siding altogether with the latter.
The quantity of gas land owned by the city was put by the circular at
300 to 500 acres. The city had 650 acres. The circular declared the
life of an ordinary well to be one to three years. There is no such
limit. Referring to the quantity of gas land the city had, the circular
asked and answered:
"Cannot other territory be acquired?
"Not in Northwestern Ohio, and not nearer than the gas fields of
Indiana."
This was untrue, for the gas trustees had already been offered, as
stated, several thousands of acres of the best gas lands in addition
to those they had bought. But the authors of the circular did their
best to make it true. The city's natural-gas trustees say in their
report for 1890: "As soon as the trustees were prepared to negotiate
for gas wells and gas territory, the field swarmed with emissaries and
agents of the Northwestern Ohio Natural Gas Company to compete with
the trustees. In order to prove what had been previously stated, 'that
Toledo could procure no gas territory,' no means were left untried;
agents of that company even fraudulently represented themselves to the
owners of gas property that they were connected with the gas trustees
and working in their interest, and in some instances introducing
themselves as the president of this board. Prices went up 1000 per
cent. in some instances rather than let it fall into the hands of the
trustees. A conspicuous officer of that company, as an excuse for
paying an enormous sum of money for a gas well, is reported as saying,
'We did not want the gas well, but we had to buy it in order to keep
Toledo from getting hold of it.'"[529]
Public-domain text, read in full here on John Shaqi.
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