Standard Oil Company; Trusts, Industrial -- United States
The refiners and producers who were pleading in this way with the
railroads for a chance to live after May 1, never doubted but that,
as they were told, and as their arrangements with the Pennsylvania
road guaranteed, they were having and were to have at worst until that
date, equal and impartial rates and facilities. Under this safe-conduct
they parleyed for the future. But the Pennsylvania Railroad was at
that moment negotiating with the oil combination to collect from the
independents, under the guise of freight, 20 to 22-1/2 cents a barrel
on all they sent to market, and pay it over to the combination. The
payments were made to one of the rings within the oil ring, called the
American Transfer Company. "It is the same instrumentality under a
different name," said the counsel of the New York Chamber of Commerce
before the New York Legislature. The official of the Pennsylvania road
who issued the order to take this money out of the treasury pleaded
in excuse that proof had been given him that other roads were doing
the same thing.[162] Receipted bills were brought to him, showing that
the New York Central and the Erie had been "for many months" paying
these men who called themselves American Transfer Company for having
"protected" their oil business, sums ranging from 20 cents to 35 cents
a barrel on all the oil those roads transported.[163] So deeply was
the watch-dog of the Pennsylvania road's treasury affected by the
proof that his company was doing less than the other roads, that he
instructed the comptroller to give these men three months' back pay,
which was done. Twenty cents a barrel was sent them out of all the oil
freights collected by the Pennsylvania for the three months preceding,
and thereafter the tribute was paid them monthly. Then it was increased
to 22-1/2 cents a barrel. The same amount per barrel was refunded to
them out of their own freight. They received this on all oil shipped
by them, and also on all shipped by their competitors.[164] They who
received this tribute pretended to the railroad officials that they
"protected" the roads from losing business. The railroad men pretended
to believe it.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive