Standard Oil Company; Trusts, Industrial -- United States
The Toledo public felt no doubt as to who were attacking it under
the convenient anonymity of the two gas corporations. At a public
conference, January 16, 1889, between the presidents of the private
natural-gas companies and the people assembled in mass-meeting, the
representative of the former said the only condition on which the
members of the oil trust had been induced to interest themselves in
natural-gas in Northwestern Ohio was that of absolute and unqualified
control of the entire business through a majority of the stock of all
the gas companies to be organized.
"The trust is interested in companies engaged in supplying natural
gas?" the president of the oil trust was asked by the New York
Legislature about this time.
"To a limited extent, yes."
"Have they a majority interest in any of these companies?"
"I think they have."[533]
This was identically the arrangement by which the nine trustees owned
as their private property the control of the oil business. At several
later conferences with the city's trustees and the Common Council
the gas companies were represented by one of the principal members
of the oil combination, the ingenious gentleman who had managed the
negotiations with the railroads by which, under the _alias_ of the
American Transfer Company, the trust claimed and got a rebate of 20
to 35 cents a barrel,[534] not only on all oil it shipped, but on all
shipped by its competitors. He was also its representative in the
similar arrangement by which the Cleveland and Marietta Railroad
agreed to carry its oil for 10 cents a barrel, to charge Rice 35 cents,
and to pay it 25 out of every 35 cents Rice paid.[535] He had acted in
the same interest throughout the gas field as well as in oil, and his
pathway could be traced through one independent company after another,
whose wrecks, like those in oil, are milestones.
July 27, 1889, in an item originating in New York, in the _Tribune_, a
friendly paper, and given an extensive circulation by news despatches
sent to the leading papers in other cities, it was said that the
representatives of the oil trust "in this city say emphatically
that they will attack in the courts the right of the city to issue
them"--the bonds.
At the great meeting of the citizens, October 19, 1889, to organize
a popular subscription to take the bonds killed in the money-market,
the resolutions named the oil combination as the power responsible for
the attacks on the city, and appealed to the people to observe that
it, "no longer content with destroying individuals and associations
which stand in the way of its moneyed interests, now rises to grapple
with and destroy the rights of cities and states; we therefore ask all
liberty-loving men to make common cause with us in the defence of the
community against the aggression of colossal power."
Public-domain text, read in full here on John Shaqi.
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