Standard Oil Company; Trusts, Industrial -- United States
The economic development of Germany is not so much behind that of
Great Britain and America as to seem uninviting to the unhasting
but unresting American. Some years ago enterprising German importers
invested a large amount of capital in tank-steamers, because they
thought these solved the problem of the transportation of petroleum.
When the Americans refused to supply them any longer with oil for their
steamers to carry, they saw that there was more in this problem than
they had guessed. Importers who had no steamers found one day that
American enterprise had secured practically all of them, and had very
decided notions as to whom cargoes should be taken. The heads of two or
three of the largest houses boarded a steamer for New York, and came
back stockholders in a German-American company which controls most of
the German business, as the Anglo-American company controls that of
Great Britain. "If the great company with unlimited capital cares to
lose money, it can drive us from the field," was the explanation of
the head of one of the largest German concerns, as quoted in the Weser
_Zeitung_.
At the beginning of the next year some Holland firms were invited into
the same shelter, and became the "fittest"; and then followed the
Belgian and the Scandinavian countries. The Berlin _Vossische Zeitung_
of June 18, 1891, described the line of march: "One group of business
men after another is thus made superfluous and pushed aside. First
the wells, pumps, and refineries in America, then the American export
trade, then the private freight vessels adapted for transportation of
petroleum, then the European import trade, then the export trade from
European ports, and, finally, this over-powerful company threatens to
seize the entire retail trade in petroleum. It is a world monopoly."
Hundreds of boatmen engaged in a flourishing river trade in Germany
were driven out by tank-boats. If they had changed to tanks, they
would have been dependent on their opponent for the oil to fill
them. Importers in barrels were cut off by a change which the German
government made in the tariff on barrels. The Americans were also
helped by an increase in the German tariff on Russian oil of 50 per
cent., which made it so much the more difficult for it to compete with
American oil. As one way to kill competition where it still existed,
all statistics were suddenly withheld by the German-American member of
the trust. Neither exports nor imports were known except to the ruling
company; all others were kept in the dark.
This success in Germany has not been due to favoritism on the highways.
The extraordinary discrimination on railroads in America would be
impossible in Germany. With hardly an exception the railroads are under
the supervision of the State, and are very carefully controlled. Even
the private roads would not dare to give any but the open rates. In
Austria-Hungary, formerly, secret rates were in full swing, but the
system is now said to be destroyed.
Public-domain text, read in full here on John Shaqi.
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