The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-03-16

Mr. James Mckay of the Devoc Manufacturing
Company, No. III Fulton street, was waited upon,
and the substance Of the conversation Is as To-
lows
~ have called" said the reporter, ITO chat with
you relative to THIS great OIL combination. l would
like 10 obtain some facts and statistics on the sub.
Jec', as | observe the organization Of this alleged
monopoly mas raised a breeze among New York le-
Gners and the PENNSYLVANIA producers"
'Wall, really, any Information give you must be
In general terms, as my memory OF statistics Is not
rel,abe.'
.'Weli, perhaps you can answer some questions
as correctly rs your recollection VIII permit what
Is the
Capacity OF TIE NEW YORK REFINERIEs?''
"AbnuG thirty-slX thousand barrels OF crude oil
per week, or say iwenty-iour thousand barrels OF e.
lined OF per week."
lana What Is the value OF refined oil weekly pro-
About two hundred thousand dollars per week.
''What is the amount Of capita! Invested in The
finin,g business In New Yorkrn
'.lnat IS n difficult question TO answer; but it
amounts 70 many millions; there are great many
retneres, some OF which are upon leased ground;
others own the land; one refining establishment Is
estimated worth $35o,o0o, including the real
cstale.n
"ls the crude oil used principally from Pennsy..
vania or does part Of II come irom Canada"
"frOm the Pennsylvania oil wells. Inc Canadian
oil originally reached This point in small quantities;
but II rs not large, and ii now finds another market.
Lltte or none comes herc.n
.Can you give me an approximate idea OF The
amount OF EXPORT from this port per year, So that
j
weary transactions ~
Yes: the exports FOR last year, ending 3Ist De-
cember. amounted 10
NlNETY. FIVE MILrAoN GALLONS"
"W0rih in dollars now muchV
''ahout %l1O0a,009.n
Wnat proportion of these exports was reanei
hcreS'
'only small proportion. comparatively. The OIL
exported IN barrels Is principally refined In Ceve-
land ana the OIL regions"
''Whdf 10 the refining capacity OF Clevelandl'
~ understand about sixteen thousand barrels
daily or nearly as much as j. produced Ut the wells.
Last year
ranged from fourteen thousand to twenty thousand
barrels per day. The value OF renned oil IN barrels
ranges from tWcnty-two to twenty-siX cents per
gallon. Considerable is eXportei from New YORK
renneries in barrels and great deal In cans"
''Wnat IS claimed Will be the result II tue south
eTn Improvement Company prove successful In
their schemcgl
.'Some inlnK the combnaton Will make The
freignt rates higher man they have been Tor some
time Vhe point made by Tie opponents OF tie com
pany is naat here bicfly given. The refining busl-
can 10 nearly ALI tho refining. Tne oacity Of the
rehncries o. New Aork aud tue Oil regions West 1t Is
ught 10 unie against the monopoly Is equal TO the
production. consequently there are IN Tie country
MORE RETINERiES THAN ARE JUSTIFIED
or needed by the production. The railroad COM
pennies nave been carrying oil rom the wells this
clty for some time without profit; me relners OF
cannot commune their Interests ami by
CLOSING UP ALL REFINERIES
not absolutely necessary to work up the produc.
account o. the competition they prevented from
making This profr. Tney therefore say to the rail-
road companies, III you Will help us we viii help
you, and the roads went into the contract 10
strengthen their hands. Ii they carry out their
THEY WILL KILL ALL COMPETITION
in the oil business ana control Tue interest. I'M
dersiand that II Is not intended by the combination
10 give all the refining business TO the West butt on
the contrary, To purchase rehnerics Ill inns cty ana
the oil region, TO virtually control the refining
business Of the country and make 1t mutually profit
able 70 the renners, the railroad companies aud the
southern Improvement COMPANY
But the producers IN the oil regions see are in
arms against the comOnaton."
"Tnere are people IN the oil regions VINO say
t nr slnq thew I don't ike the nigh railroad
fregns, lest they suffer In the value oil their pro-
ducl. II ~ said iney are united and determined to
resist this thing, and they are organizing
PROTECTIVE UNIONS
all through the Oil regions TO purchase oil from
small producers and hold it, and thus prevent the
Southern Improvement Company getting possession
OF 1t. u they succeed the company must he
failure as they Will be unable secure any OF the
crude OIL Tor their Cleveland and Pittsburg
"Weli, sir right here let me ask, Is it not post.
bic that If the relners and producers OF Pcnnsyl-
vaDia combine with y0u New YORK renners,
YOUR CONVERSATION
may not be as bad Tor Tie pubic and the trade as
the one the southern Improvement Company nave
oraanHed"
ern Improvement Company. The producers IN the
on territory are greatly excited, and are holding
nopoy.
THE OIL TERRITORY
oO Wv eIEuS counties win population OF about
onc nunuieu thousand people. They are forming
protective unions, ana nave divided the region into
sixteen ustrlcts, win committee for eacn district,
wifose duy - 10 supervise the sale OF all the OIL
pFeyent any " !. hiulng us way into the hands OF
the southern Improvement Company, ana
Debating TERMS TO EVERY MAN
that buys oil how and TO whom he should sell IT,
There are some VINO thlnk that this combination
will be Just as detrimental to the OH inlersss ana
the consumer as the southern Improvement Coin.
panys monopoly
II fear that such will be the case,n said the re.
porter, as he was on the eve 0l retiring.
"We, I wish knew which iS the worst mo-
nopoly was the answer OF The relner as he bowed
the reporter out.