Standard Oil Company; Trusts, Industrial -- United States
The French government a year ago lowered the tariff on petroleum
one-half. This was followed, the French press reports, by the erection
of a refinery by the American trust at Rouen, and the purchase by it of
land in Marseilles, Cette, Bordeaux, and Havre for other refineries.
The machinery needed was shipped from America. Large offices were
opened at Paris by the American combination for the administration of
the industry in France, which was to be concentrated into its hands
like that of the rest of Europe. The sequel, if the _Frankfurter
Zeitung_, a prominent German commercial paper, is correctly informed,
is that the French refiners, as the Scotch did before them, have
come to terms with the American trust. It has agreed not to start up
its refineries in France, not to sell any refined oil in America for
shipments to France, and not to allow any American outsiders to compete
with the French refiners.
There was a report in June, 1892, that a Dutch company had succeeded
in refining petroleum in Sumatra, one of the possessions of the
Netherlands' East India colonies, and selling it in India. The
solicitor of the trust, asked about it by the New York _Times_, June
5, 1892, said, "It cannot be true." The oil combination, he continued,
"has agents in the Netherlands' East India colonies and at Sumatra, and
it would certainly have heard of this corporation and its competition
if there was anything worth hearing."
There are great oil-fields in Peru. Since the close of the war with
Chili there has been an active development of them, and the commercial
reports of San Francisco say that fuel oil is now being supplied from
this source to our Pacific States. This has not been done by the
Peruvians. It was an American who organized the oil industry of Peru.
The principal company was formed by the same expert who went years ago
from Pennsylvania to Russia to Americanize the oil interests of the
Caucasus. After he had succeeded in that task he went to Peru. He died
in the spring of 1894. At about the time of his death the newspapers,
by a coincidence that arrests attention, chronicled the departure from
New York of a well-known man who was going to Peru, as he stated in an
interview, to look after the interests of the members of the oil trust.
But there is no official information that they have any ownership or
control there.
When one of the officers of the combination was before Congress, in
1888, he was asked if there had been any negotiations by his associates
with the Russian oil men.
"We have never had any serious negotiations,"[641] he replied.
Public-domain text, read in full here on John Shaqi.
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