Standard Oil Company; Trusts, Industrial -- United States
The company which owned this tank belonged to the oil combination.
It was, strange to say, one of the tanks of the Keystone refinery,
to which Matthews, the Buffalo independent, had turned for a supply
of crude oil when all other sources failed,[604] and which had been
thereupon bankrupted and taken into the combination seven years before.
Here was one fruit of that victory over competition. The coroner's
jury at Titusville reprobated in the strongest terms the folly of
storing oil in tanks within reach of high-water. It called upon
"citizens and officials, ... for the common good of all," to do what it
said was "entirely practicable: to so locate and guard and construct
oil-tanks and other receptacles of inflammable petroleum products that
they cannot be floated away, or the contents floated out of them by
water," and that "in case of flood and fire lives and private property
cannot be endangered by them." Although here and all over the oil
regions the business was under the control of one combination, and
had been so since early in the seventies, the Titusville jury, less
courageous than that of Oil City, declared that it could "attach no
blame to any one in particular for the present loss of life," because
this "custom of storing and manufacturing oil and its products,
regardless of endangering the lives and property of others, had been
allowed to grow up here as well as all over the oil regions." These
verdicts have been followed by suits now pending in the Pennsylvania
courts, claiming heavy damages from the oil combination as responsible
for the disaster and the loss of life and property.
The Oil City and Titusville disaster is but a provincial affair
compared with the metropolitan avalanche of ruin which is all ready
to move upon the cities on New York Bay from the refineries and tanks
along its shores. Several condensed oceans of unignited fire are
waiting for such accident as happens almost every day to some gas-works
or refinery or tank-car. On creeks running into the East River, on bays
opening from the New Jersey shore into the greater bay, in tanks whose
contents would overlay the whole sheet of water from the Narrows to
Hell Gate and Spuyten Duyvil, these volcanoes are dozing, and they are
light sleepers.
CHAPTER XXX
"TO GET ALL WE CAN"
Are the combinations, trusts, syndicates of modern industry organized
scarcity or organized plenty? Dearness or cheapness? "They are doing
their work cheaper," said one of the oil combination of himself and his
associates, "than any rival organization can afford to do it, and that
is their policy, and by that only will they survive."[605]
"We think our American petroleum is a very cheap light. It is our
pleasure to try to make it so," said its head.[606]
"Our object has always been to reduce rates, and cheapen the product,
and increase its consumption by making the lowest price possible to the
consumer," said another.[607]
Even if this were true-- But is it true?
Public-domain text, read in full here on John Shaqi.
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