Standard Oil Company; Trusts, Industrial -- United States
It was not enough to make the people sell under compulsion. A day
came when the only buyer would not buy and the only piper would not
pipe. This brought the Parker district to the verge of civil war. The
citizens were in a state of terrible excitement; the pipe lines would
not run oil unless it was sold; the only buyers--viz., the agents of
the oil combination--would not buy oil, stating that they could not get
cars; hundreds of wells were stopped to their great injury. Thousands
more, whose owners were afraid to stop them for fear of damage by salt
water, were pumping the oil on the ground. The leaders used all the
influence they had to prevent an outbreak and destruction of railroad
and pipe lines. The most important of them went over to the Allegheny
Valley Railroad office and telegraphed to the president: "The refusal
to run oil unless sold upon immediate shipment and of the railroad to
furnish cars has created such a degree of excitement here that the
most conservative part of the citizens will not be able to control the
peace, and I fear that the scenes of last July will be repeated on an
aggravated scale."[180]
Three of the highest officials of the road sought an immediate
interview with this leader of the producers. He warned them, and the
Pennsylvania road which controlled their oil business, that unless
immediate relief were furnished there would be an outbreak in the
oil regions, because, as he told them, "The idea of a scarcity of
cars on daily shipments of less than 30,000 barrels a day was such an
absurd, barefaced pretence, that he could not expect men of ordinary
intelligence to accept any excuses for the absence of cars, as the
preceding fall, when business required, the railroads could carry day
after day from 50,000 to 60,000 barrels of oil."[181] The warning was
heeded. Thousands of empty cars, which the combination and its railroad
allies had said couldn't be had anywhere, suddenly appeared hastening
to Parker, blocking up the tracks in all directions, deranging the
passenger business of the road. "They looked like mosquitoes coming
out of a swamp." The sole buyer began buying again, and for the whole
week, after having declared themselves unable to buy or move any, the
railroads moved 50,000 barrels a day.[182] Producers under such rule
saw their prices decrease and their land pass out of their possession,
as was inevitable.
Ten years later in the Ohio oil-field all the substantial features
of the plan we saw culminate at Parker are to be found in full play.
There, also, the oil combination, Congress was told, is the only
purchaser, and it fixes the price to suit itself. The production of
the Ohio fields was between 18,000 and 20,000 barrels a day, but it
could easily produce between 30,000 and 32,000. Because the only buyer
refused to take care of the oil, wells have been shut back. Wells,
which if opened up would run 1000 or 2000 or even more, were shut in
four days out of the week.[183]
Public-domain text, read in full here on John Shaqi.
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