Standard Oil Company; Trusts, Industrial -- United States
Prices have declined in Germany, and the people at large make few
complaints except about the quality of the American oil. It has become
more sooty than formerly. In the beginning it burns well, but it ends
with giving a very poor light. This has been conjectured to be due to
a mixture of the inferior Ohio oil with that of Pennsylvania; but "it
cannot be proved," the German chronicler reports.[640] "The working
people," says one of the Berlin papers, "will have to foot the bill,
and the working people only. The well-to-do and rich of to-day can have
other fuel and light, but to the oppressed working-man petroleum is as
great a necessity as his potatoes." The German papers, in casting about
for means of checkmating the increase of prices which they believe will
result from the consummation of this monopoly, advocate the use of
water-power and also wind-power to create electricity.
The attention that has been attracted to the growth of this power does
not come from the public at large, but from those directly interested
and the sympathy and interest of the German "national economists."
The latter point out that the present cheap prices are "war prices."
They predict that as soon as the world monopoly is established and
all territory is under complete control a rise of prices will take
place. They are advocates of State monopoly as better than private
monopoly. If State monopolies prevent free competition, at least
they are able, they say, to give some compensation to those who are
hurt. In the tobacco monopoly hundreds of millions were set aside
by the German government for this purpose, but even that was not
considered sufficient. But this monopoly is a private affair. It
swallows the profits of all those whom it destroys. Numerous industries
have been ruined--importers, ship-owners, brokers, local dealers,
exporters, retailers, river boatmen, and numerous other trades--but
no one receives indemnity. The public opinion of the government, the
Reichstag, the national economists, the philanthropists, is active
in support of the middle class, but in spite of all this a whole
department of industry has been torn away from it.
There are one or two "independents" in Germany whom, like the
independents in America, the trust has not yet been able to crush,
though it is turning the markets topsy-turvy for that purpose. The
_Pall Mall Gazette_ of June 18, 1894, notes that the trust is selling
refined oil in Europe at prices lower than those at which crude oil can
be delivered from America.
Public-domain text, read in full here on John Shaqi.
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