Standard Oil Company; Trusts, Industrial -- United States
"That is the law in Pennsylvania to-day. But in spite of this
decision, and in spite of the law, we well know that almost every
railroad in this State has been in the habit, and is to-day in the
habit, of granting special privileges to individuals, to companies in
which the directors of such railroads are interested, to particular
business, and to particular localities. We well know that it is their
habit to break down certain localities, and build up others, to break
down certain men in business and to build up others, to monopolize
certain business themselves by means of the numerous corporations
which they own and control, and all this in spite of the law, in
defiance of the law.
"The South Improvement Company's scheme would give that corporation
the monopoly of the entire oil business of this State, amounting to
$20,000,000 a year. That corporation was created by the Pennsylvania
Legislature along with at least twenty others, under the name
of improvement companies, within a few years past, all of which
corporations contain the names as original corporators of men who may
be found in and about the office of the Pennsylvania Railroad Company,
in Philadelphia, when not lobbying at Harrisburg. The railroads
took but one of those charters which they got from the Legislature,
and by means of that struck a deadly blow at one of the greatest
interests of the State. Their scheme was contrary to law, but before
the legal remedy could have been applied, the oil business would
have lain prostrate at their feet, had it not been prevented by an
uprising of the people, by the threatenings of a mob, if you please,
by threatening to destroy property, and by actually commencing to
destroy the property of the railroad company, and had the companies
not cancelled the contract which Scott and Vanderbilt and others had
entered into, I venture to say there would not have been one mile of
railroad track left in the County of Venango--the people had come to
that pitch of desperation.... Unless we can give the people a remedy
for this evil of discriminations in freight, they will sooner or later
take the remedy into their own hands."[77]
Soon after this attorney for the people was promoted from the poor
pay of patriotism to a salary equal to that of the President of the
United States, and to the place of counsel for the principal members of
the combination, whose inwardness he had descried with such hawk-eye
powers of vision. Later, as their counsel, he drafted the famous trust
agreement of 1882.
Public-domain text, read in full here on John Shaqi.
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