The Petroleum Centre daily record. [volume] (Petroleum Center, Pa.) 1868-1873, 1872-09-14
An utterly Insane Oil Project

regious have lately done the most unjust,
the most silly, the most sbort.sighted thing
imaginable. That men oi general business
capacity aud Of ordinary sagsci,y, should
attempt to put the knife to their own ,hroats
can only be accounted for upon the supposi-
tiou that they have, for the time being.
taken leave Of their senses. All who know
about the oil producing and oil refining IN
terests are overdone. That is. there 10 80
over product Of the crude oil, and .nrcessat-
lily, an over supply Of refined oil. The great
problem Of late, among men whose dollars
and csnts are Invested in the oil business
has been how to remedy the disaster that
follows low prices. There would seem to be
but one remedy-a very simple oue'-sn q
that 10 to curtail the supply of crude OIL
The over product OF refined. oil is but the
necessary result Of over.production OF Inc
crude article. The producers have toe mat
ter entirely within their control. Ceasef
putting down wells, and limit the product
the wells already, down and the matter Will
soon Hnd Its level.
But it would seem the oil producers are
insane enough to suppose they. can 20 on
o, oduciug millions Of barrels yearly over
aud above the demand, yet by destruction
Of the refining interests in this country
bring crude oil up to remunerative point.
10 carrying out this idea the producers have
lately held meeting at St. Petersburg,
Pennsylvania, end there deliberately resolv-
ed that the reBnIng of oil must be transfer
red from American soil to European soil.-
Could injustice towards American Interests
20 farther? The resolution says:
RESOLVED, That to give wider market
throughout the world Tor petroleum, to en-
haucs its price, and to protect producers
from unjust combinations OF home rrnner-'
a Committee be appointed to ask the repre-
seustiyes of foreign governments at Wash
ingtou TO request their respective govern
uents to put 9 proper tariff on refined oil,
and admit crude tree Into the ports of their
respective governments.
Aud committee was appointed, whose
mission to Washington is to enter into
league with epre'entstives of foreign gov
erumsnts to aid in destroying this Import
sui branch OF American industry. The
uames of the men who are willing 10 engage
in the onslaught upon an American interest
caunot have too wide circulation. They
are as follows:
Tbos. McDonough, Chairman; Jonathan
Watson, OF Titusvillp; Jas. n. Bredeu. Of
Franklin; VIM Parker, OF Oil City; $. ID.
Karns aud James b. Lambing, of Parker's
Landing; NJ. E. Hess and Wesley Chambers
of st. Petersburg; Richard Jennings, OF
East Brady.
The complete insanity Of ths'movement'is
glaringly illustrated 10 the fact that ninety
seven per cent. OF the refining of oil is done
in this country. Now suppose the produc-
ers persuade foreign governments to lay
tariff on refined oil, two or three years, at
the shortest, would be necessary before re-
iners abroad could do the present work of
American refnsrs, aud, meanwhile, Wba'
would become OF the present generation ot
producers! They would be whipped out
used up-ruined, and other men would step
In to reap the harvest from the seed which
the present producers sowed upon their own
ruins. Independent Of the crime these men
would commit against very important
branch OF American industry, they would
In the fall OF the edi1cs bury themselves.
There are six million barrels Of crude oil
produced annually; there are but one hun
drsd and eigbty-seven thousand barrels oi
crude oil exported annually. Az the mat
ter now stands very large amount of SUR
plus crude oil is held by the refners and
should these shorl-sighted producers sue
coed in their attempt to build mp q toreigu
interest at the expense of an American one,
they not only would themselves be obliged
10 "carry" the excess now carried by the
re6ners, but besides that have the entire
product thrown upon their own shoulders
aud thirty days would suffice 10 crush OH
every producer above grouud-in thre'
months the entire generation Of producers
would only bs known 10 history, aud thsl
by tAe record that being sick they applied
the wrong remedy aud "here they lie."
(Cleveland Herald.
CSpeaking OF the above article q cores
poudent expresses his ideas as follows -
Our correspondents ideas ou the subject ar
to the point and will be coincided in by th
! prod ncera of this section. Here IL ia: