The New York herald., 1879-08-28
MeSSrS. Jewett and Vanderbilt on Their
Respective Corporations.
THE OIL TRANSPORTATION MONOPOLY.
The New York CentraIs Offers to the
Small Dealers.
[Br TELEGRAPH TO THE HERALD

ard Oil Company and its character q monopoly.
Mr. Jewet explained the whole relations of the road
to the company. and was proceeding to make reply
to many Of the prejudicial reports concerning the
business when he stopped by the committee.
Upon being asked the Of the testimony
the committee was not anxious to hear Mr. Jewett
explained that it related tho advantages which the
company had really secured to all tho individual
operators by preventing the success Of foreign
Spectators. whose object had been to secure pipe
line. nominally to Rochester. with the intention Of
carrying it afterward to the lskes. and shipping
the crude oil. by way Of Montreal. to Eu-
rope. He also. he said. going to refute
some of the msstatements that had been
made-sometmes through erroneous information.
but ottener from design-n regard to the COM
panys doings and its relations with the road. But
all this the committees counsel Mr. Sterne. did not
care to bring Mr.. Jewett regards the Standard
Oil Company-objectionable IS it is in many of its
features-as a necessity to the oil business. it
control and regulate the market. II it did
not exist he thinks the individual dealers. in the
constantly shifting sources Of supply and the limt
tation the yield. would be all the time In
Gus competition and struggling to get the best of
each other.
Mr.. vanderbilts examination was resumed whom
Mr.. Jewetts closed and continued until the hour Of
adjournment. Mr.. Sterne resumed the question of
the Standard Oil Company with Mr.. Vanderbilt but
did not to elicit any information hostile
to the company from him than he had got out of
Mr.. Jewett Mr.. Vanderbilt stated that oil dealers
came to him and complained that the Standard OIL
Company was gigantic monopoly. against which
they could not compete in consequence OF its
tracts with tho Erie road Mr. Vanderbilt stated that
he told these that he opposed to monopo
lies. and would give them his road just favor
able rates as the Erie gave the Standard Company
provided they would bring him the oil for shipment
Soon aftsrwArd they came to him again and said
he would build railroad to Titusville. This Mr..
Vanderbilt agreed to do, and did do.
MET BY 4 BRASS BAND.
When the road was finished he went to Titus
vile. and the oil mon. who had been eager to
terrible standard monopoly. brought out full
brass BAND. with large crowd Of people, and sere-
speech. Some time passed. and no oil came to the
new road. He asked for explanation, and
then he was sSOsse ss.sr to MAKE I sPecy low rate
oil did not come. On inquring the cause he sscer-
tanned that the opposition dealers. taking their spe
cal rate agreement their hands. had gone to the
Standard OIL Company and sold out to them. This is
the generally made by these dealers OF
means OF compelling the Standard Company
TO buy them out. just as telegraph lines
western Union. It is system Of black mailing the
Standard company. and the cry Of no monopoly II
raised TO Aid the sPssulsoHv Ar sss.ns was some
severest tones whether LomL ard. xsrss o.: Bush
u Co.. and some others whom he named had not ad-
dressed letters ~ hum asking special rates for their
Oil?
bilt; '.they the fellows who furnished the
music"
MIR. vANpERBrLr AND THE WAGNER CAR COMPANY
The last question put to Mr.. Vanderbilt by Mr..
Sterne as to the amount of interest he has in
the Wagner sleeping car enterprise Mr.. Depew.
counsel for Mr.. Vanderbilt. objected to tins ques-
ton. and pending the decason OF the committee an
adjournment took place. Thin is tine first step in
Mr. Sternes attempt to force from Mr.. Vanderbilt
schedule Of all his property attempt that viii be
opposed rs having no connection with or relation
make. 1t Is remarked significant that
none of the Standard Oil Company people have yet
been summoned before the committee. Mr.. Jew
etts attention being to-day called to the prejudcia
effect caused by the incorrect quotation OF his
mony concerning the value of Erie securities, said
which he had expressed the witness stand that It
should be thought necessary to draw from him
spectators and distorted way the other in
their interest What he did say on the
peatea-that the New York. Lake Erie and western
road Is now fully able to meet all it's working
penses ana pay the interest on all its bonds. and
lested and not subjected to hostile legisston, he
fully believes in its power to pay dividend its
stock. although this. OF course, Is . question OF
time.
MORE FROM Nm. yKwHrr.
Mr.. Jewett's cross-exau.inAtion WIS resumed; he
disliked TO refer TO the salary "a It was personal
matter; when he Was asked to become president he
refused accept the arst offer; did not dis
arrange his business for An uncertainty, and
to be guaranteed him. which was granted:
the New York. Lake Erie and western
any more than was allowed by the Court: IN regard
to the reports required to be made by the
the state officer OF Pennsylvan he stated that
few years ago there were some changes made in the
blanks for reports which were deemed by the com
pxnies to be unlawful; at this time Colonel Bsch
was engaged in completing an inventory OF the road
aud Mr.. Jewett became satisfied that colonel Balch
was In alliance with the enemies of the road
and against his administration. and he would
allow Colonel Balch to make q report; regard
ing the contract of the company with Mr.. Homer
Ramsdell. one of the directors of the company the
company had no facilities in Newburg. and the alb
the contracts in exist and did feel justined
in annulling them; not being IN = condition to
quire these facilities he did not want to set aside
these contracts; the company has now purchased
is now no contract between tho company
further saio Erie had contract with the Pullman
Car Company; the contract now existing Is be-
tween Erie and the Erie and Atlantic Company, of
whose stock Erie owns third; movement is now
on loot " induce the Pullman company to purchase
all OF the stock. as Erie wishes to get out OF tho
arrangement.
Mr.. stcrne questioned Mr.. Jewett in regard to
fares aud salary. He handed the latter q copy Of q
statement Of account OF the Erie company with him
receiver. of which the following is a COPY
18TH Isve.,. president, from .sh July 1874. to
26th May 1879 inclusive and receiver, subsequently, TO
9th May. lS15:-
lszt-August, cash. sI2 500
lS74-Scptembcr cash. ............. $500
1S74-Septomber cash, ............. 500
1S7A-May, cash for salary president for Janu-
ary February. March aud April. ssss
1S76-Scptcmber account receiver. 3O5uO
ls71-October, account receiver .......... aOU
le76-October. ON account receiver. 400
1S76-November account receiver. -. 4OOO
1S77-Juna, account ss receiver.
1S77-Junc. account as receiver ........... $50
1S77-September account receiver. 1900
Total
Five notes. his receipt Of October TO- ls7l
S25O dated september IL 1874 pay able at four.
six eight and ten months, respectively Si25oOo Total
S2ly,4y3 80.
Mr.. Jewett said that on his refusing to become
president for an uncertainty he received in the first