Standard Oil Company; Trusts, Industrial -- United States
The process of consolidation is shown by official and judicial
investigations to have been in progress in the bituminous fields at
least as far back as 1871, with the same purposes, methods, and results
as in the anthracite fields, though more slowly, on account of the
greater number and vastness of the deposits. From Pennsylvania to the
Pacific coast these are narrowed to the territory along the railroads,
and narrowed there again to the mines owned or favored by the railroad
managers.
The investigations by Congress in 1888 and 1893 both state that the
railroads of the country are similarly becoming the owners of our iron
and timber lands, and both call upon the people to save themselves. A
new law of industry is rising into view. Ownership of the highways ends
in ownership of everything and everybody that must use the highways.
The railroads compel private owners to sell them their mines or all the
product by refusing to supply cars for their business, and by charging
rates for the transportation of coal so high that every one but
themselves loses money on every ton sent to market. When the railroads
elect to have the output large, they furnish many cars; when they elect
to have the output small, they furnish few cars; and when they elect
that there shall be no output whatever, they furnish no cars.
One of the few surviving independent coal producers, who is losing
heavily on every ton he sends to market, but keeps on in the hope that
the law will give him redress, was asked by a committee of Congress why
he did not sell out and give up the business? He was willing, he said,
to abide the time when his rights on the railroad could be judicially
determined. There was another reason. "It might be considered a very
sentimental one. I have spent, sir, considerable time and a large
amount of energy and skill in building up my business, and I rather
like to continue it."
"In other words, you don't want to be forced to sell out?"
"No, sir; I don't want to be forced to sell my product, any more than I
want to be forced to sell my collieries."[8]
Public-domain text, read in full here on John Shaqi.
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