Standard Oil Company; Trusts, Industrial -- United States
The men and women who do the work of the world have the right to the
floor. Everywhere they are rising to "a point of information." They
want to know how our labor and the gifts of nature are being ordered
by those whom our ideals and consent have made Captains of Industry
over us; how it is that we, who profess the religion of the Golden Rule
and the political economy of service for service, come to divide our
produce into incalculable power and pleasure for a few, and partial
existence for the many who are the fountains of these powers and
pleasures. This book is an attempt to help the people answer these
questions. It has been quarried out of official records, and it is a
venture in realism in the world of realities. Decisions of courts and
of special tribunals like the Interstate Commerce Commission, verdicts
of juries in civil and criminal cases, reports of committees of the
State Legislatures and of Congress, oath-sworn testimony given in legal
proceedings and in official inquiries, corrected by rebutting testimony
and by cross-examination--such are the sources of information.
One important exception is in the description of the operations of
a great international combination in England, Germany, Holland, and
elsewhere in Europe; this has had to be made from unofficial material.
The people there are neither economically nor politically developed
to the point we have reached in America, of using the legislative
investigation and the powers of the courts to defend livelihoods and
market rights, and enforce the social responsibilities of industrial
power. Full and exact references are given throughout for the guidance
of the investigator. The language of witnesses, judges, and official
reports has been repeated verbatim, except for the avoidance of the
surplusage and reduplication usual in such literature, and that, to
permit the use of the dialogue form, the construction has been changed
from the third person to the first in quotations from evidence. With
these qualifications, wherever quotation marks have been used, the
transcription is word for word. Evidence from such sources is more
exact, circumstantial, and accurate than that upon which the mass of
historical literature is founded.
To give the full and official history of numbers of these
combinations, which are nearly identical in inspiration, method, and
result, would be repetition. Only one of them, therefore, has been
treated in full--the oil trust. It is the most successful of all the
attempts to put gifts of nature, entire industries, and world markets
under one hat. Its originators claim this precedence. It was, one of
its spokesmen says, "the parent of the trust system."[3] It is the best
illustration of a movement which is itself but an illustration of the
spirit of the age.
CHAPTER II
CUT OFF FROM FIRE
Public-domain text, read in full here on John Shaqi.
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