New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-04-29

that the io-s 70 the producers and mannfactn no
era In tho past fow years had exceeded S!OoD,GO
Of d iF S tbe on business is contrary ali
business principles. and consolidation OF Interests ~
slandng or negotiation with the railroads to dl-ci
nate In favor OF freight shipped by tho Assoclalnl u - !
very f0olisl runor and has foundation IN iaft Inc
merchants and companies engaged in the new movement
| aru determined not to begin business nnuer , II
Hssocation and pledged TO support I'm good fath the
rules established by IT, II rs reasonable 10 .upSSo
representatives. obtain bo terms OF "a I%lo'iS
than ordinary dealers; but with ever nier ~
dated there would DE no necessity Tor dlscflhhhtlOl'
There MANI millions invested In PETROLEUM. anu ep
talists VINO are uoSo.lhs tet and nre right in
their cndc1vOr 10 save their interests from dclechl"n
ana oss The oil M have been endcavOiing Tor nj
years to como TO IA better understanding among them
s'iyes prices feiglts AMI the general mluag 'ht
OF tbs business The by laws OF the Association nave bcn
reyiseI and 1t IL hoped that the unOn OF interests VIII
he accomplished fact However 10 - alr.rhy
agreed that tso new arrangement or movement must III
cude In it, operation evcrs interest affected before gees
The IN n who were not in the combination spoke
freely. James Charters, OF the oldest oil liners m
the country, nemer VI Ii nIi ., r,S,, H." si
that he had knowledge for some time past 0i me ofna
don -, to y, lJ ~ at oratn T1c 1restion
eNncy "i II W co, t ,1i ,SiiI a., I, n .GiI or
elects. and they cannot De predicted YIN or,
years oil rAucrs have occurring at loss. Thc
variations in price resulted nom different ca'ses - nio
relnurs have extraordinary facilities IN can atnin
oilers some r iiuors haze been able To make
Sp'ciai c1niracts with fIr railroad companies who
have delivered oil to them at less rates than
their nclghD0rs Others have been enabled 10 refine oil
chelpcr on account Of their lar' capacity which dos
not involve propOrtiOne expense. Again. there have
beon within ny recollection numerous I'd entliofs WnO
have plun ed into the business an finding thoy cond
nj compete with their nrighb0rs determined 10 retire
preeipiGy and hayB sold Ont Largo quantities Of Oh at
s6Io object OF this combination with which 7
a not conneciG9 + v r Gg c the P Tca on
TO crude oil thai the rfurrs may maA' fair profit II
there is ANY Interior object do nor know H. Htn"nEh
surnisc there my D. II there = - - 10 hel' the
combination viii fail. ~ tnis combination the sinai re-
lners are e ont III che cold Inc power sn, y ,S' 10
tho comihhdlun to rSlalc thc price 81 I'heu Oh II
they shall Sc" III, b. Nruc or thtt power, 10 mt 81
prico exobt.nt, mnc beyond what III constitute
unlcisel them. AMI, by ineleiIn Their c"paty very
break mp the combination. Ii, on the Other mana, th
oOmDua shall be- satisfied with lair profit The, need
der Disadvantage Ny impress on H. however hai the
communion VIII nor eninl'i ~" i'n,p',on' ,i 49,,
ami tie corion In which in which il j. intended bInd
rcfncrics in 50 many cries. NcW-logA, IHilTdephia.
PITTSBURGH, Cevcl ind and te oil -IOn, IS 80 Large, mat
very soon drop out, aud the grant sch me colap-r
on the railroads wonld no sem To act disadvdniaS "ay
t. thO.; rrlu rs utt in the comhn1 iDn ~ ty Aavc
equal PRIVILEGES With a oilers aud TIE railroad com
pInes arr expressly forbidden BY thcir charters troh
charging any OHM tlln uniform rcs, or Om showing
railroads shall favor the cpmbin ,tiOn AMI carry OIL for
lis members At ss rates tAnn 1'r ot,, the ocf re-
liners VIII o9uor ior time al loAsi ana Inc Io'dt vi"
! ir.yc mos, disc ~trOIs.
| William IT. McKirgan ~" Of the prcpIieiurs OF The
pa.-aic oil Wnrk-. sand Il lt be not m the combine
ton, bat could MOI ~ TIA. nc Ic ~ as opodioho. o.
n II has The power 10 O'fIu freight privileges
which outsiders cannot obtain. ~ came scliUus
mtttcr 10 his own and kindred companies The
price of crude oil Ga cents gallon, a. Itcrod at Ills
works while tn FREE -ht from TitusN lie oil city
anout cents, nearly oncnalf tc total cost Of tho
raw macriIi II the freight slOu b. reduced onclIt
10 l.naiIOn and remain Il il - tit
tine latter ud b5 unable to com lc,o. ~ Mclrau
d.d think however, that t.e combination wonld
prove disastrous thrir object 10 rails fhr prize OF
refined petroleum. aud b, thar al the manufacturers
woud BE- n-iittrl. IL thought that the effort nov
making To ro the whole oil trade The most
mIdab.e combination tndt Aad ever Dccn formed.
"A bo learned n contract mas yet been made
win IN. railroad companies least thC Oit, oi TIE
Enc AM New York Central Companies made positive
statements TO that eject.