Standard Oil Company; Trusts, Industrial -- United States
Prices were frequently put higher after the war than before. In the
debate in the Canadian Parliament last year on the proposal to reduce
the Canadian tariff, supported by a strong lobby from the American
oil trust, it was shown by affidavits that at Selma, Alabama, oil
was reduced during the "war" against outside refiners to 8 from 15
cents. After "competition was overcome," in the language of the South
Improvement Company contract, the price was put up, not to 15 cents
where it had been, but to 25 cents. In the same debate a large number
of affidavits were exhibited showing how the price charged by the oil
trust in America varied in places near each other in arbitrary and
extraordinary ways, as 7 cents a gallon at Port Huron, Michigan, and
14-1/2 cents at Bay City, only a few miles distant. Under the rule of
the trust prices are on a mechanical basis everywhere, from the retail
markets to the seaboard, where the refined, the manufactured article,
is quoted at a lower price than the crude, its raw material.[618]
In the report of the tenth United States census in 1886, on the
necessaries of life, the retail price of kerosene is given for
thirty-five places. At a few of these there was competition; there
the price was 12-1/2 to 15 cents a gallon. At all other points it
ranged from 20 to 25 cents. Such a tax on the 400,000,000 gallons of
oil consumed in this country is the only kind of income-tax that is
"American."
Application was made in May, 1894, by the Central Labor Union of New
York City to the Attorney-General of the State to vacate the charter of
the principal corporation in the oil trust. In the argument to support
it, it was shown that New York consumers were then paying twice as much
for their lamp-oil as the people of Philadelphia, and three times as
much as the foreign consumer buying in New York for export.
Public-domain text, read in full here on John Shaqi.
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