Standard Oil Company; Trusts, Industrial -- United States
One of the earliest members of the oil combination was present at the
meeting to consummate this purchase. Something over $3,000,000 of his
and his associates' cash changed hands. The meeting was important
enough to command the presence of a brigade of lawyers for the great
corporations, and of the president, vice-president, and several
directors of the Pennsylvania Railroad, and, representing the Poor
Man's Light, the vice-president, the secretary, and five of the leading
members of the combination, besides himself.[140]
But when asked in court about it he could not remember any such
meeting. Finally, he recalled "being at a meeting," but he could not
remember when it was, or who was there, or what it was for, or whether
any money was paid.[141]
Three years later this transaction having been quoted against the
combination in a way likely to affect the decision of a case in
court,[142] the treasurer denied it likewise. "It is not true as stated
... directly or indirectly...."[143]
Eight years later, when the exigencies of this suit of 1880, in
Cleveland, had passed away, and a new exigency demanded a "revised
version," the secretary of the combination told Congress that it was
true.[144]
"The pleasures of memory" are evidently for poets, not for such
millionaires. That appears to be the only indulgence they cannot
afford.
The managers of the Pennsylvania road went back with the zeal of
backsliders reconverted to their yoke in the service of the men who had
given them this terrific whipping. They sent word to the independent
refiners, whom they had secured as shippers by the pledge of 1872 of
equal treatment, that equal rates and facilities could be given no
longer. The producers and refiners did not sit down dumb under the
death sentence. They begged for audience of their masters, masters of
them because masters of the highway.
The third vice-president, the official in charge of the freight
business, was sent to meet them.
"As you know," they began by reminding him, "we have been for the past
year the largest shippers of petroleum the Pennsylvania Railroad has
had."
He acknowledged it.
"Shall we, after the 1st of May, have as low a rate of freight as
anybody else?" they then asked.
"No," he said; "after the 1st of May we shall give the Standard Oil
Company lower rates than to you."
"How much discrimination will we have to submit to?" the poor
"outsiders" asked.
"I decline to tell you," was the reply.
"How much business must we bring your road to get as good rates as the
combination?" they then asked, and again--
"I decline to tell you," was the only answer they got.
"If we will ship as much, will you give us as low freight rates?"
"No."
"We have been shipping over the Pennsylvania Railroad a year," they
persisted, "why can we not continue?"
"It would make them mad; they are the only people who can make peace
between the railroads."
Public-domain text, read in full here on John Shaqi.
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