The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-03-12
TIE $40, 600, 900 OIL MONoPoL1sTs


Oil Dealers in Council-Tbs Effort Of the
yIonopelists to Control Transportation and
Price Of OIL.
A large meeting Of the New York Petroleum Asso-
citation, composed of persons interested In the sale
OF petroleum. was held yesterday at 81 Pine street.
to counsel as to the best means to combat the
schemes OF 'The Southern Improvement Company"
an association formed 10 purchase all the oil
lands rehnertes. &C. so as 10 control the trade In
OIL. H. II. Rodgers acted a. chairman. and J. H.
Wickes as secretary.
Mr.. RODGERS called for r. W. Burke chairman Of
committee OF conference with the Southern I'm
prOvement Company, to state the result OF the inter-
view. Mr.. Burxe stated In substance that tine
officers declared that the company originated IN
desire OF the railroad companies to increase the
freights thar 70 accomplish 1t the railroad
companies put tho matter in the hands
OF Mr.. watson, who consulted producers
and receivers, and that the company thus sprung
into fe with the object OF uniting all the refining
interests Of the country and give the railway COM
panes paving rates. They declare there Will be no
rebates; that II the renners all join them all parties
win 20 mutually benefited They propose Sc to buy
tlOn, either IN cash or stock OF the company. They
said the refners OF Cleveland and PittsDurg had
Mr. MCDAY, chairman OF a committee to confer
with the refners and producers at OH Creek, re.
should give the whole world cnance TO come ana
nittee to meet them, and this committee leave to-
night. We believe that this system OF rebate should
OF other places There is in the oil business great
tendency toward New York, which Is distributing
point Tor expectation, and the producers seem anx-
fOus to continue this as the centre Tor ran5p0rta-
ton. ,,, ,u ,,,,, ~, c,,v ~.,or,o,
that the people in the oil regions were very enthu-
eiastlC and determined II possible 10 prevent the
business being diverted TO Ptlsburg and Cleveland
ciaion. with ST. capital to hold their oil Tor
sale TO the trade, and seemed determined that the
monopoly should not control them. They
and then demand rebates and reasonable rate OF
freghts from railroad companies. IL Is understood
New York were amply Sufficient Tor all purposes,
and II they were not 1t could be soon increased
Mr.. BURTON stated that his company-the Ken
farm Well U0mpany-were opposed TO the monopO-
ly. and had notided their agents 70 hold the OIL
pany, addressed the meeting, making lengthy
argumen; in favor OF the company, which, he de-
cared. Intended to place al tne reaneries on me
intention OF the company 10 sell OIL, and not paper
at the lowest possible rates. The company Will en-
deavor TO keep petroleum at a fair price, and thus
the producer Will he benefited as well as the CON-
pany ana the redner.
CHARLES PRATT New York renner declared
| that the company HAD formed combination with
Western reners, and now wanted to take IN the New
York reiners He could see no good likely 10 result
from connection with this large Combination, which
| would prevent open combination. Ii he wanted To
90 out Of the business he might unite with the COM
| pany; but he wanted 10 conduct his own business.
| he offered resolution, which was discussed, and.
pending Its adoption, the association adjourned ana
Immediately reOrganiZed as an open meeting Of all
| persons engaged In the oil trade.
MI. Q. W. BURTON was called to the chair, when
| the resolution was again read.
Mr. MCGEE spoke against 1t.
Mr.. RODGERS denounced the monopoly, ana said
1t was prepOsterOus to take crude OIL 100 miles west
OF the wells rene anu expect to convey to this
city as cheap 1t be refined &C the well or In
New York. There was refining capacity OF 5000
barrels In New York and 10, 900 on Oil Creek-suf.
gent for the whole business.
j. G. MCKAY ably argued against the monopoly,
which has capital OF $IO 00 900 and IN time could
possibly, eventually establish refneries Ill european
cities and completely abolish the renneries Of this
country.
Mr.. ABBOTT said there were in the oil regions
80 900 producers up In arms against the monopoly.
The resolution was carried, 81 being for and 7
against II.
The meeting then adjourned and the Rehners' AS.
sOclatiOn again called to order to instruct Its
committee as 10 what proposition to make 10 the
trade ut OIL Creek. The resolutions referred to
above, and which are as follows were unanimously
Adopted
Resolved, That the the New York reaners
provement Company system OF railroad ranspor
| taton rebate in reights or carrying charges
which TO establish by open competitions
| end this meeting pledges Its cooperation
! The cOmmntee-compOsed Of H. II. Rodgers, M
| N. Day, Jacob Goldsmith, - Flemming and -
| Brown-at once lett for Ttlusville on the adjourn
| ment OF the meeting.