Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1908-02-01

|
| service to yourself or the public.
! Sincerely yours,
| FRANCIS J. HENEY.
| San Francisco February 81, 1907.
Dear Sir:-I hand you herewith a file
of papers covering the movement of fuel
oil shipped by the Associated Oil Com
pany over our line from January l.
1906. up to and including November Is.
| 1906.
We agreed with the Associated Oil
| Co.'S negotiations with Mr. Ripley, Mr.
Wells, and myself, that in consideration
of their making US a special price on oil
for company use, which is covered by Il
| contract, and the further consideration
| that We would take n certain quantity,
they would in turn ship from Bakers
field over our line to San Francisco Bay
| points certain minimum number of
barrels of fuel oil at rate of IS cents per
barrel from bakersfield, exclusive of the
switching charge
| These statements cover the movement,
except that they have included Stockton,
| which is not correct. as 1t is not bay
| point and could not be reached as con-
| veniently by water. We have paid them
| on account Of this movement 1929
| which should be deducted from the total
of movement shown in the attached
papers.
wish you would arrange to make up
| a statement, check the same, and re-
fund to the Associated Oil Company
down to the basis of cents per barrel
from Bakersfield where they are the
/ as all their fuel oil is sold delivered.
The reason for making this deal in addi-
ton to what i have stated, is that the
Associated Oil Company have their own
boats and carry oil from field controlled
by themselves along the coast near San
! Luis Obspo to San Francisco at a
much lower cost than the special rate
we have made them and in competition
with the Union Oil Company and the
Standard Oil Company. it was necessary
for them to sell at the San Francisco
Bay points on the basis of the cost of
water transportation from the coast
fields. They figured they could only af-
ford to pay us the % cents per barrel If
by doing this they sold our company a
certain amount Of fuel oil, otherwise the
| business covered by the attached papers
would have come in by boat from the
coast fields
1 am writing this up completely SO
that there may DO in the papers a his
tory of the reasons why this arrange
ment was made. I wish you would go
ahead and make the adjustment as soon
as possible as the Associated Oil Com
pany are very anxious to have the mat
,n,,t c
Cancelled on November 18th at a confer
ence between Mr.. Ripley. Mr. Wells,
NJ. Porter. and myself.
Yours truly,
EDWARD CHAMBERS.
Shipments Oil Company, Mr.
G. A. Davidson, Auditor, Los An
geles.
The attacks by these great corpora
tions on the Administrations actions
: have been given wide circulation
throughout the country, in the news
papers and otherwise, by those writers
and speakers who. consciously or uncon-
sciously, act as the representatives of
predatory wealth-of the wealth ac-
cumulated on II giant scale by all forms
) CT iniqrity ranging from the oppressi on
| OF Wdpe"OEktTS 10 UNFAIR anu iil" ioit-
some methods of crushing out conpeti-
ton. and to defrauding the Pablo by
stock jobbing and the manipulation of
securities. Certain wealthy men Of this
| stamp, whose conduct should be alb
: horrent to every man Of ordinarily de-
cent conscience, and who commit the
hideous wrong of teaching our young
men that phenomenal business success
must ordinarily be based on dishonesty,
have during the last few months made
' it apparent that they have banded to-
gcther to work for a reaction. Their
endeavor is to overthrow and discredit
all who honestly administer the law, to
prevent any additional legislation which
would check and restrain them. and to
secure if possible a freedom from all re-
straint which will permit every I'M
scrupulous wrongdoer to do what he
wishes unchecked provided he as enough
money. Tho only way to counteract the
movement in which these men are en-
gagged is To make clear to the public just
what they have done in the past and
just what they are seeking to accom-
plish in the present
The Administration and those who
, | support its views are not only not en-
gagged in an assault on property, but are
strenuous upholders of the rights of
, property. The wise attitude to take is
admirably stated by Governor Fort of
New Jersey. in his recent inaugural adj
dress; the principles which he upholds
as regards the State being of course
identical with those which should obtain
as regards the Nation.
Just and fair regulation can only be
objected to by those misconceiving the
rights of the state. The state grants all
corporate powers to its railways and
other public utility corporations, and
may not only modify. but repeal all
, charter privileges it confers. 1t may,
therefore. impose conditions upon their
, operation at it's pleasure. OF course In
!, the doing of these things, it should act
, wisely and with conservatism, protect
ing all vested rights of property and
: the interests of the innocent holders of
the securities Of existing quasi-public
corporations. Regulation, therefore,
uron n wise basis, of the operation of