Standard Oil Company; Trusts, Industrial -- United States
Defeat, final and irrevocable, crowned the unvarying series of
defeat which the private companies had suffered everywhere and in
everything--in public meetings, in the Legislature, in the gas-fields,
at the polls, in the courts, in the sale of the bonds, and in the
competition with the city. The City Council of Toledo, advised by its
lawyers that it could recover damages from those responsible for the
losses brought upon the city by the opposition to its pipe line, has
had suit brought for that purpose. April 14, 1893, City Solicitor
Read began proceedings to recover $1,000,000 damages from members of
the oil combination and the various individuals who had been used as
stalking-horses in the campaign. At the next meeting of the Common
Council several citizens of the "influential" persuasion assisted the
mayor in trying to coax and bully the council to abandon the suit, but
without success. The council were threatened with a financial boycott
to prevent the sale in future of any of the bonds of the city, but it
refused to be terrorized.
April 8, 1893, the natural-gas trustees of Toledo had the happiness
of being able to give formal notice to the city auditor that no taxes
need be levied to pay the interest on the gas bonds, as it "can easily
be met from the revenues derived from the sale of natural gas." The
city pipe line was on a paying basis at last. Toledo had vindicated
its claim to be a free city. The completion of the enterprise had
been delayed three years. A loss of not less than two million dollars
had been laid on the city, but its victory was worth many times that.
Toledo's victory showed the country, in full and successful detail,
a plan of campaign of which Columbus had merely given a hint. It was
not a local affair, but one of even more than national importance, for
the oil combination has invaded four continents. This struggle and its
results of good omen will pass into duly recorded history as a warning
and an encouragement to people everywhere who wish to lead the life of
the commonwealth.
NOTE.--For the year ending December 31, 1893, the city trustees report
that they sold gas to the amount of $139,066. The city owns 5433 acres
of gas territory, and has 85 wells, 73 miles of pipe outside the city,
and 91 miles in the city. Since the gas began to flow the sales have
amounted to $388,540. Out of the receipts the debt has been reduced
$60,000, besides refunding $67,000 to those who advanced the money for
piping the streets. While doing this the plant has been considerably
enlarged. The city accomplished this while charging the people but
15 cents a thousand, while the gas companies of the trust charged
25 cents a thousand. Had the city been permitted to act without
obstruction, the cost of the gas plant would have been long since
fully paid, and the price of gas made still lower.[553]
CHAPTER XXVII
"YOU ARE A--SENATOR"
How to control the men who control the highways?
Public-domain text, read in full here on John Shaqi.
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