New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-12-04

after enterprise oiled 70 under by this
corrupt combination between the railways ihe StoIer %
fages of proximity to market has been able Ia prevail
against the almost eDtiro abs 'rpton ~ ms VAST pn nc
"a Dr0huct which ncfra cft ayrld OF lD.ZOo 40
barrels In 1873 yielding about IL 100000 barrels OF re-
fined OIL, constituting hegreaest commercial monO"oS
IN the hisiurv Of the world
And now what has been the result Of this won,
derful combination ~ yelaty ara imDeclhty
under fhis corrupt domination. and they joined
hands with outside reincr~ and the producers 10 ma
a market and they, after much opposition eAiehu,h
an independent pipe lnr 10 Wiiiampor Penn, di,,
lance Of about l05 miles. and there connected WIN ran
Dy the Reading and NrwJersey Contra. Companies 10
New York and PhlladeiDbis. What - Tadily might
have been orcseen on railroad managers naa had me
of their duty 80 Stockholders, has come -. 70
Which al 81 per barrel. crude must nave brought
60 them @iO,OOOOOO per year. which they 20 easily
s prndncers or renncrs TSe STANDARD Is building it.
own ppcine 10 the lake. ana tiie time NAV shorty De
of export a dollars worth OF oil ~ MI. Vanderbilt
says, the oil bu-iness for the railways Is doomed
EFFfcrs OF THE GREAT POOL
The New-York Central deliberately says that 1t
win carry OF all the shipments that
may be offered In the City OF Seg-iorx
only 40 per cent and surrender the rest 20 its cOpe
tors. There Is. therefore. no competition under
this pooling contract and accompanying agreement fOf
the msinfsaucc Of rates Than though all these trunk
lines were under one heat aud were only one orkaizh-
ton. Mr. FINK and MS office have killed competition,
aud Nr Blanchard tells that unless railroad men
petition. and that the community can no longer
look to competition TO secure 20 them IN this
pirticuar wbnt IL secures In other departments OF
human acfiVity-thc hest result Of the lowest price
Huntington Jewet Scott, Garrrtt, Gould ana Wander
uilf masters of trunk line system ana
IN combination they control capital OF h usanhs 81 mil
lions of dollars They shrewd intelligent and adroif
II tho public Is served by what they conceive to
Re their private interests 80 mnch tle DettcI
for the pubic. II the public interest does not
serve their private interest. the pubiic inter-
est must give way To their private interest. III
Vanderbilt told you. Mr.. Jewctt 50 toid NOn' Mr..
Blanchard so admitted. This brings me to the larger
consideration concentration Of Dover on the uart
of the community TO meet thlr concentration
of railway power. SO obvious has this Necessity Oe-
come even I1ernd the subject from the
railva y Of view that sir. FINK. IN accommodating
mentality OF p0olngs concentration OF the
RAILWAY mower OF United States, feit tnat IL Wbs
for him suggest that SIMILAR c0ncenifa-
don o. power should take place by the people OF tue
limited STATES by clothing Congress wlth hc necessary
authority 10 eniOrc the contracts which the Interstate
railways NAY make bstwecn each other and 10 suhlcci
these railways. through the fundamentally Of com
mission to constant supervision ana publicity.
MI Sierue thea history az The hhanclal afnln-
isratDu Of the Erie Railway, md described the eyis OF
stock watering" and Oi the proxy s'stem In con
clu.on he recommended concurrent legislation Dy
railroads He suggested STATE railroad cOnnsslon
Mr Hepburn. chairman 81 the committee, up-
pointed As.,mhVmeu Baker, Duguid and Moves
n subcommittee 70 receive testimony con-
cerninQ the Elevated Railroads. lie said that state
ENGINEER Seymour bad agreed 70 detai an engineer OF
sru, ion account the elevated ao and give tes-
tifouy regarding tler cost. IBu sub-coDmlitce VIII
begin take etlmOny at tho rooms OF the Chamber "f
Commerce on December 10