Standard Oil Company; Trusts, Industrial -- United States
_Daily News_ of Chicago declared that the appropriation of $1,000,000
and the abolition of the duty were done in the interest of members of
the oil combination; that they were "our citizens" who were the owners
of the nickel mine at Sudbury; that they had sent an able lobbyist to
Washington to secure the legislation; and that, in anticipation of his
success, the product of the mine had been withheld for a year from
the market, until ore to the value of millions had accumulated. It
was said that by April 1, 1890, there were 5000 tons on the dump, the
duty on which, at the old rate, would have been $1,500,000. Whether
these statements were correct or not--and in the absence of official
investigation it is impossible to tell--the narrative answers fully
the purpose of giving the uninitiated public an idea of the relations
that may exist between public departments and private syndicates with
great profit--but not to the department. The appropriation was passed
September 29, 1890. The books of the Navy Department show that the
Secretary thereupon made contracts with the Canadian Copper Company, by
which, up to June 15th following, it sold the government $321,321.86
worth of nickel. A litigation arising among its stockholders in the
spring of 1893 disclosed among them no less close a connection of the
oil trust than the senator from Ohio who had served it in Congress from
1876 to 1891.
The message of a Republican President in 1892 commended the special
legislation in favor of the two steamers, and urged Congress not to
fail to appropriate money to pay them their subsidies. The Democratic
Postmaster-General, who now stands between the United States and these
carriers of the foreign mails, is one of the firm of distinguished
counsel who defended the interests of some of the owners of this
steamship line in the conspiracy trial at Buffalo.[581] He is to
give them the vouchers upon which the millions a year of subsidies
are to be paid, and he may be called upon to consider new contracts.
In the Presidential campaign of 1892 the head of the oil trust was
prominent on one side figuring among the officers of great political
mass-meetings in New York, while the associate referred to by Senator
Hoar was the active manager of the political fortunes of the other
party. This is not a solitary instance. The great man who testified
twenty-one years ago that he was a Republican in Republican districts,
a Democrat in Democratic districts, but everywhere an Erie man, has now
an army of imitators. The people had this authoritatively explained to
them while they were dazedly watching the speculation in sugar-trust
stock in Wall Street and the Senate rise and fall with the manipulation
of the sugar tariff in committee. The president of the sugar-trust,
before a special committee of the United States Senate, testified
that this "politics of business" was the custom of "every individual
and corporation and firm, trust, or whatever you call it."[582] Asked
Public-domain text, read in full here on John Shaqi.
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