The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-03-17

uxed, ~ mo monopoly. they could not sell
ct all This dilemma was brought about by the
producers SOLD to other buyers tnan the monopoly,
then the latter having control OF the freight rates.
80 Increased their rates that IL was necessary for
the producer TO increase the price OF oil. Hence
the monopolisrs have Deen able to go into the mar
sell at loss to himself In response to allegations
against them such as those stated, the monopollsts
affirm that their sole object has been to bring about
harmonious system OF freight rates, and to this
end only have t1ey influenced the railroad people,
The answer to this however. Is that they persist.
emily refuse to come to any settled rate; that they
REFUSE TO SHOW THEIR CHATTER
and continue TO work in mysterious put powerful
way and that the railroads could control their own
roads without the Southern Improvement Com
pany. Under these circumstances the producers
and in Iact the inhabitants OF the oil region zen
orally have come TO the determination to resist the
monopoly. The entire region Is divided into DIS
lrcts each district having committee OF its own,
through these committees 1t is now proposed to
beat the monopolisss. Every producer has pledged
each district committee has been instructed not.
under any circumstances or for any price, TO
pany or any of its asens f0V xreaay this
resolve has come into eject and during
an week e monoposts were reISed or
with them was broken by the producer. But this
opposition Is only now at It's start. IL is felt all
terness. The producers can hold out against what
they call the enemy, for about four months, but
some extent they have already got from the East
ern ciues Probably from the Western cities also
for money advanced to them, the oil in the tanks,
which Is secured by insurance and guaranteed as
to leakage. The producers want TO get combined
refining capacity for the total production OF crude
oil, and this they say they must have. AS q first
step they mean Immediately to hold
A CONFERENCE WITH THE RAILROAD PEOPLE,
and ascertain once for all what snail be the settled
scale OF prices for shipping. the monopoly is al
ready beginning to lee the effect OF the opposition
OIL mas been coming to New York for some days
past which they feared to interfere with owing to
the strong feeling now existing III the oil regions.
the probability Is that the producers Ill come to
themselves, to order the monopoly to close up their
tanks and leave the oil regions altogether. The
seriousness OF this trouble may be understood when
It Is stated that petroleum is the third highest
port from the country, II amounting TO about fifty
cee collars year amy y coua sns
the prices OF the foreign market. Or course. while
the combat against the monopoly continues work
Thousands OF working people are now idle.
The capacity OF the several cities for refining In
7,oo0 Bufalo, Erie, Plttsbnra, philadelphia, Cleve
land and Boston, exclusive or the mOnopOlisls'
property, about 5000 In the aggregate. The
February was about 49, 900 barrels day, but this
will be materially diminished this month, as the
wells viii Be drilled It is intended also when
possible. to stop the tulnlment Of all contracts
until the present difficulty Is over. The number OF
located within an area OF 900 square miles. About
400 new wells are drilled every month,
but OF these only aDout twenty-five per cent
Is ABOUT equal to the new supply gained. The pro-
ducers have got a refining capacity three times as
refining the entire production OF crude OIL
1t Is probable that the Petroleum Association viii
when Il IS presented d. All Petroleum
equally with the producers at the Creek feel, 1t Is
stated that the breaking up OF the Southern Improve.
ment Company as monopoly is necessity for self
existence.