The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-08-30

export-cotton and breaastuus alone exceeding II.
Il may not DO generally known, but Il 10 TACT Of
value, that 1874 when rehnsa oil very loo
price. tue value Of petroleum exported exceeded al
the gold and silver deposited AZ the United Ststet
assay Offices az the product OF all the sates
Territories. Inc fact mat At this time, owing
to the aud ra1ners and the large pronS
derived by the iddemen aud brokers' the producers
OF OH actually conducting their business AZ
"what is your idea OF the reason OF this and what
would be The rcmedyy" asked the reporter
'My iden is that II Is owing 10 such monopoly
the Standard Oh Company being able 10 control the
marietta aud TO prevent healthy composition Ia the
sale OF petroleum. but Will give you startling rec
oInmeudaiion IN u circular issued 10 producers by
what is called The General Council OF the Petroleum
Producers Gnion.'
BURN TIE OIL
'ln this remarkaoe document there occurs this
passage Eve are exnaustus lands OF their value
the rate of 10000 barrels daily average cost
OF not less than 81 per barrel, realizing gross In.
OF $4,000 and mourning an absolute net loss
every day II we were produce but 900 barrels per
day We could as readily realize thereirom 50 per bar
rel, aggregate OF SlO6 900 OF $35, 900
aud profit oil $4,000 per day besides saviug
eighth OF the product OF tho land We are. therefore,
responsible for a wicked waste OF more than
$50 600 UOo year. ltis trte remark that II would
be easy make the petroledm business always prodt
profits By destroying oue-quartor OF our product aud
marketing only the remaining tnree'quartefs.'"
.'Ihis seems a momentous suggestion, 70 keep oil
dear by destroying The surpiusr"
$50 it is" the reply, ''Dut this precious Gen.
been suggested that would be profitable spccula
to buy the entirc production al tho price which
is current when production IS at all ~ excess OF
demand, aud reservins only so much as the market
would actually require TO set fire 10 tho surplus put
it OF existence, and thereby realize twice as much
from the remainder as the whole COST
s.Wbat IS the prospective corsumptve demand
which should cause such an idea TO be entertatnedY'
sin 1878, my opinion, larger Than any other pre-
vious year and tho tLree months at least,
shipments Will III tho aggregate exceed the supply
The pnen,s ON one day last week we're reported ~
the enormous figure OF 10000 barrels.
OPPOSING MONOPOLY.
''lhcre Is movement, ho.evcr, III tho Bradford
oil producing district To oppose the Standard Com.
pany's monopoly and the absolute dictat.oo Of the
pipe limo owners. Al a meeting neld ut Bradford on
the afternoon OF the 20 nst according the local
journals, G. V. Culver was called upon 10 address the
meeting, ana although he IL supposed TO work with
the General Council an extract IRON hM speech very
plainly indicates that he Is with the opposition. lie
spoke OF tho OF depression and then proposed
the following roinedies-fbe control by producers.
instead Of refners, oil storage facilities securing rom
railroads equity IN transporation, Snd the liking OF
less variable prices Tor petroleum BY such means as
will make II impossible Tor SPECTATORS to IL anipulate
tho pi He said he was sometimes metwith objoc.
t,ons from producers regard to accepting certain
plons ami remedies Tor existing owls. who among
you, he asked, controls iis own business nowf Let
him stand up that We may see nm Who Can say
when he shall get his oil run! Who knows when be
will get his money Tor his OIL?
.ere is an advertisement OF the United Pipe lines.
Standard Comprehension from al OIL City paper
which speaks Tor ITSELF
On and after May 1873 and fourth "a, cent,
Standing the eooss OF ne uaea Pipe lines II
previous monih Ibis 30 followed the first Of
cdns month Producers having empty tankage
shrinkage charge OF oaeourth "a Of one per cent
accepnces surrendered prior 10 expiration win be 70.
daeed from "a to Ia cents Por .aanta
DRAWBACKS.
sAlthough tho Erie Railroad, as well as the other
corporations, deny that the STANDARD Company have
any draw backs shipments, IS well known tact IN
that have ana that none OF the shppers
outside oil tie combination can compete with them
Let man Try get few thousands OF barrels OF oil
from the REGION who Is not connected with the above
company, ana no viii nnJ himself embarrassed by
delays and burdened with extra expenses. IL Is a
curious fact also, that although the Ere Railway are
| supposed 10 control The docks NJ Weehawkon, the
Standard Company receives the money on oil reghts,
pays the biils &c. This cannot DO explained" The
gentleman IN conclusion added:-"Mr. thompson, Who
4 The mombor of Congress from the OIL district, aud
now with the Hewitt investigating Committee, Is said
| to BIZ anxious to gain an inside knowledge OF the
abuses Of tue monopoly. He has opportunity"
IMPORTANT MEMORIAL FROM THE OIL PRO-
LucERs TO GOVERNOR HARTRASEy, OF PENN
sYLvANIA.
[BY TELEGRAPH TO THE HERALD.
| OH CITY, August %. 1873
| The memorial to Governor Harlranis, OF Pennsyl.
vania, which caused him to hasten from tho capital
OF this state TO Franklin Monday, will DO published
reueav.y in the papers OF Western Pennsylvania to.
morrow The proceedings Of Attorney General Gilbert
which resulted In the granting by Judge Taylor of aquo
warrarto against the United pipes controlled by the
Standard Oh Comp Ny, we're also, II was understood,
the result of this strong memorial. IL IL n very
lengthy docu nent, and may DO. summarized as fol.
Iows:--I rccitcs that tho production OF petroleum
| is confined geographically TO tho northwestern ror.
tion OF the State, extending from It's border upon
New York State nearly to Pttsburg. and the chief
interest In tho counties OF Mckeau Warren, Forest,
| Crawford, Venaugo, Clarion, Butler and Arm.
| strong. Tho amount Of money invested In
! well property, constantly to be renewed and kept
good, represents at least $40, 600 900. The value
of lands uron which the wells arc located is not
easily Determined but Il certainly represents many
| tunes the value OF the well property Petroleum
oud yield tho wells with It's transportation and
sale unietterod $3.50 900 TO s35. COO 900 annually
As Tn article OF export It ranks third among the pro-
ducts OF the nation FIRST among ITS nanuacurod cx
ports For transportation outlets has the Pennsy vana
Railroad seaboari average distance Of Less
| than four hundred miles The New YORK Central and
Lake Shore railroads reach OIL City by way Of Csve-
land ohio, 76i miles from tho scaboard, and Titus
vilio by way OF Dunkirg, n. Y. Oh miles to tho
board Tho New YORK, Lake Eric and Western and
Atlantic aud Great Western railroads reach on Guy
by wsy OF MeadviIc, $50 miles TO the seaboard. So
much Tor an explanatory preamble.
THE HISTORY or rifE TRADE
Tho memorial then depicts the state OF the trade In
1sii. wnen the lines OF tue Pennsylvania Railroad
were dotted with renneries located ut T,dtoutc,
Miller rarm ana Rousevhie Extensive rc6nerics
were located at Pltsourg and Philace'pnia,
upon TUE MAN MAN ,s "s ,ouna a.
CentTn, '"'y "sSV w. '~"". p"'"'1
on tho Pnilsaciphia and Erie aud Allegheny Valley
lines which are controlled by H. Cleveland, Boston
and Portland are also busy N tins trade
| rHE SITUATION.
| Now all ~ changed. The rcnncriss havo. been do.
molishcd, excepting when reached by rival roads
Tue business has been transferred to Cleveland AND
New YORK. The reuncrlcs remaining IN this State
have passed into the control OF
which has become an vdous monopoly. transports
ton OF every nature IS subject to us dictation;
possesses every avenue OIL information: u snixes ~
\ own value TO the crude product when purchasing ant
The refined product wnen selling; ~ establishes III
retc OF compensation to DO paid to the raliway,
Tor transportation.
rne laws OF commerce which govern other product,
seem to lose fhcIr value when applied TO THIS. Whi,
tho world consumes double the amount OF pc,ro
Icum that II did IA 1871, the SIC, 0U0 OO'
which should DO received from the crud
product dwirded to hall, and the SO 900
when should have swced INC earnings of the rail-
roads bave gone-uo one dare say where. But tn