As the Standard owned all but 200 of the oil cars run on the Erie, and leased all that road's terminal facilities, it could charge its rivals anything it pleased for the privileges of New York harbor. Albert Fink, the greatest of our railroad experts, have formed a combination under the title of the Trunk Line Executive Committee, which besides themselves included thirty-two Western roads and one great Southern road, —the Louisville and Nashville. The New York Chamber of Commerce, on February 5, 1880, unanimously adopted a report, —signed by Charles S. They must be based on the cost of the service, not on what people will stand. Kerosene). The Standard carried its point, for after that the firm sold all their oil to it, always twenty-two to twenty-five cents a barrel below the market price. 500 word railroad crossing essay.
This spread into the greatest labor disturbance on record. Given the power to raise and change the freight rate at will, these speculating directors can control the prices the West shall get for its grain and cattle, and those of the East shall pay for its bread and meat.
500 word railroad crossing essay
The struggle is reminiscent of earlier clashes against ideologies such as communism or fascism. He did not want, he said, to get into any trouble with that concern. When the flow from his wells had filled his tanks, and he had to have them emptied, his application to the Standard's United Pipe Line, a common carrier, was met by refusal to move his oil unless he sold it to the Standard.
The Saratoga agreement, the Colorado pool, the Evening system, the Omaha pool, the Southwestern Rate Association, the Southern Steamship and Railway Association, accounts of which are continually appearing in the papers, to be always skipped by the general reader, are all experiments in this one direction, —combination to kill competition.