New-York tribune., 1872-11-06
THE NEW OIL COMBINATION.
TIE PRODUCERS AGENCY not 4 MONOPOLY.
Fsoa. Iae Illpsri.lf EreHtAg Pree

TIE PRoDUCERs' AGENCY not MONOPOLY.
FgOs. TAe IAtsri.f EreHu.y Press
a coTeR9ngGppttn Ole bJEucNSrss' ESP plan. SPEAKS ol
dncers themseyes." TIE OBJECT Of TINS assertion -
ontste of the REGION which Will eventually spread 10
tns place and become " trebrand in the camp" This
monopoly in the nd Just significance OF the word.
IL protective union, based upon the very first law II
tb"t when is Obtained by honest industry aud toll Il
cOnemplates no arbitrary assumption Of other mems
not discriminate IN ayor OF aree producers 10 the preu-
dice smaller for IT Is broad platform, which re-
cOgnHes difference IN persons ana Is the JOINT
ted areodv me cre cover millions of dollars
and each year sees territory opened Tor develop
ment, the wealth OF which no man can name Hitherto
all this treasure has been almost entirely unprotected
from INSCRIPTIONS rayages OF foreign combinations
a. and hSnefrl nfueIcc mon, ne oil trade OF This
nature was tbe South Improvement Company, which
nTessian of the crude market TO the injury of pro-
ducers, and imitation OF the price Oh rehned 10
the prejudice OF consumers. To escape the ruin
which stared them in the face the producers OF
region organized themselves INTO protective union,
ana this has resulted IN the present agency, which ~
characterized monopoly by those Oniy that
mi future chances 10 manipulate the wealth OF the pro-
duccrs are gone II they cannot break down the COM
Let MS see If there anything proposed by the plan
which in any be distorted into monopoly IN tue
sense hese detrctors give tho 10 proposes
rs the price OF oil TO - per barrel to keep by
controing production within the limits of the de
mand. Setting aside the fact that this IS only iairy
profitable remuneration to the producers and that they
have much right to expect just returns for their labor
and invested capital any other set OF business,
will look 10 IL any harm Is don0 10 consumers by
making TINS the ruling vote. Tho present demand
is fully 5000 barrels per day. Now past experience
shows that with crude at 50 there IS fully much
consumed II AT g. This then, win not reduce
the demand neither is 1t hardship TO the consumers,
there why they should not pay as ialr
price article for another aud with crude al SIS,
refined stl be put In the market at rates which
make it the cheapest light IN the world This must put
an 10 claim OF Injustice 10 the consumers
as producers concerned If with crude s. refined
tJO nigh, 1t Is the fault OF rcnucrs alone, and
FROM their desire to obtain unreasonable profits Tue
cost OF rcliing well known and II Is easy 10 figure
from this just profit snould be. IL, then,
are burened by the price they have TO pay for their
hned let the blame f where d deserves to be placed,
aud not the producer, seek only living rates
re ward for all his risk and labor.
This agency is joint stock company, and there Is no
cOmpusiOn brought 20 10 induce " OlH It, II
man refuses anything 10 do with lt, his prop
erty not injured thereby and he only cut on from
participating the profits OF In which he Is
not partner. This Is great partnership, wherein one
mans ntercst is well protected anOthers, and
where favor A. shown 10 that others may not
JOY. When partnership and joint stock companies be-
come db milo mOnOpOles-when the men whose enter
prise develops great industry to become Deno
factors, III desire to control thcir business law
equity them right TO do-then. and not till
then, WI the Producers Agency be liable 10 cOndemna
"a monopoly.