Standard Oil Company; Trusts, Industrial -- United States
The chorus of cancellation from the railroads came from those who
had meant never to cancel, really. In their negotiations with the
representatives of the people they had contested to the last the
abandonment of the scheme. "Their friendliness" to it "was so
apparent," the Committee of the Producers reported, "that we could
expect little consideration at their hands,"[79] and the committee
became satisfied that the railroads had made a new contract among
themselves like that of the South Improvement Company, and to take
its place. Its head frankly avowed before the Investigating Committee
of Congress their intention of going ahead with the plan. "They are
all convinced that, sooner or later, it will be necessary to organize
upon the basis on which the South Improvement Company was organized,
including both producers and refiners."
This conviction has been faithfully lived up to. Under the name of the
South Improvement Company the arrangement was ostentatiously abandoned,
because to persist in it meant civil war in the oil country as the
rising young anti-monopolist lawyer pointed out in the Constitutional
Convention. Mark Twain, in describing the labors of the missionaries
in the Sandwich Islands, says they were so successful that the vices
of the natives no longer exist in name--only in reality. As every page
will show, this contract no longer exists in name--only in reality.
In the oil world, and in every other important department of our
industrial life--in food, fuel, shelter, clothing, transportation,[80]
this contract, in its various new shapes, has been kept steadily at
work gerrymandering the livelihoods of the people.
The men who had organized the South Improvement Company paid the public
revolt the deference of denial, though not of desistance. The company
had got a charter, organized under it, collected twenty per cent. of
the subscription for stock, made contracts with the railroads, held
meetings of the directors, who approved of the contracts and had
received the benefits of the increase of freights made in pursuance of
the agreement. This was shown by the testimony of its own officers.[81]
But "the company never did a dollar's worth of business," the Secretary
of the Light of the World told Congress,[82] and "there was never the
slightest connection between the South Improvement Company and the
Standard Oil Company," the president of the latter and the principal
member of both said in an interview in the New York _World_, of March
29, 1890. "The South Improvement Company died in embryo. It was never
completely organized, and never did any business. It was partly born,
died, and was buried in 1872," etc.
Still later, before a committee of the Legislature of New York, in
1888, he was asked about "the Southern Improvement Company."
"There was such a company?"
"I have heard of such a company."
"Were you not in it?"
"I was not."[83]
So help me God!
Public-domain text, read in full here on John Shaqi.
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