Standard Oil Company; Trusts, Industrial -- United States
At almost the moment of this denial in New York, an associate in this
and all his other kindred enterprises, asked before Congress who made
up the South Improvement Company, named as among them the principal
members of the great oil company, and most conspicuous of them all was
the name of this denier.[84]
The efficiency with which this "partly born" innocent lived his little
hour, "not doing a dollar's worth of business," was told in a summary
phrase by one of the managers of the Pennsylvania Railroad, describing
the condition of the oil business in 1873:[85]
"All other of our largest customers had failed."
When the people of the oil regions made peace after their uprising it
was, as they say, with "full assurance from the Washington committee
that the throwing off the restrictions from trade will not embarrass
their investigation (by Congress), but that the Sub-Committee of
Commerce will, nevertheless, continue, as the principle involved, and
not this particular case alone, is the object of the investigation."[86]
The Committee of Commerce did not "continue." The principal witness,
who had negotiated the contracts by which the railroads gave over
the business of the oil regions to a few, refused in effect, beyond
producing copies of the contract, to be a witness. Permission was given
by the Committee of Congress during its first zeal to the Committee
of Producers from Pennsylvania to copy the testimony as it was taken,
but no official record of its discoveries exists. This transcript was
published by the producers, and copies are possessed by a few fortunate
collectors. The committee did not report, and in the archives of the
national Capitol no scrap of the evidence taken is to be found. All has
vanished into the bottomless darkness in which the monopoly of light
loves to dwell.
CHAPTER VI
"NOT TO EXCEED HALF"
Notwithstanding the ceremonial treaty of equal rights on the railroads
to all, which had been secured by the uprising of the people against
the South Improvement Company in 1872, the independents, one after the
other, continued to be side-tracked by an unseen power. Four years
later, on the 20th of July, 1876, their only two important survivors in
Cleveland, frightened by the high death-rate of the business, and by
a deepening pressure on themselves, answered a summons to come to the
palace of the President of the Light of the World. The contract which
was then made was afterwards produced in court.[87] It was called an
"Agreement for an Adventure," in something like "the merry sport" in
which the good Antonio gave a bond for a pound of his flesh.
A few years after this "adventure" with his competitors and his efforts
to have them closed by the courts, the President was asked if his trust
had sought in any way to diminish the production of refineries in
competition with it.
"Oh no, sir," he replied.
"Nothing of the kind?"
"Oh no, sir."[88]
He was asked the question again, and again the denial was repeated.
Public-domain text, read in full here on John Shaqi.
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