Standard Oil Company; Trusts, Industrial -- United States
But some of the closest European observers have seen reasons from
the beginning to believe that the Rothschilds are in the Russian oil
business only as the agents of the American combination. This is freely
asserted by the Continental press. The policy of the Rothschilds has
been never to engage in commercial enterprise on their own account.
The tactics used by the Rothschilds in oil have been an almost exact
reproduction of those of the combination in America. From the first
they gave the subject of freights their special attention. They showed
no ability for new or independent undertakings, but they tried, to use
the words of an Austrian-Hungarian consular report from Batoum in 1889,
"following the example of the combination in the United States, to get
the bulk of the Russian petroleum trade into their hands"; using the
large money power at their command for speculation, freely advancing
money for leases and delivery contracts, and specially acquiring all
the available means of transportation. The experience of the people of
Parker[644] is recalled by the statement that the Rothschild company
would leave hundreds of cars loaded with petroleum on the tracks for
weeks to prevent competitors from shipping and from filling their
contracts. When the city of Batoum, in 1888, refused to allow it to lay
pipes over the city lands to the harbor, it was with the enthusiastic
approbation of the agitated citizens. The authorities gave as their
reason that through large establishments of this kind the capitalists
gained a monopoly, crushing out smaller producers to the disadvantage
of all classes of the population. In the absence of official
investigations, a free press, and civilized courts--that knowledge
which is not only power but freedom--it is impossible for any one in
Russia, or out of it, to know the truth as to the relations of the
Rothschilds to the American monopoly. The latest news in the summer of
1894 is of a great combination of Russian and American oil interests,
under the direction of the Russian Minister of Finance, for a division
of territory, regulation of prices, and the like. Information of this
was given to the world by that minister's official organ in November,
1893. Thus says the Hanover (Germany) _Courier_ of November 11th: "With
the direct sanction of the Russian government the management of the
enormous wealth that lies in the yearly production of Russian petroleum
will be concentrated in the hands of a few firms.... The Russian
government lends its hand for the formation of a trust that reaches
over the ocean--a trust, under State protection, against the large mass
of consumers. This is the newest acquisition of our departing century."
Public-domain text, read in full here on John Shaqi.
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