Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1908-11-20
Rockefeller CONTINUES HIS STORY ERA OF PROGRESS
CONTINUED from Page One.)

| "Vhat conditions came about In 1876
| or therea bouts with regard to this com
pany?"
Railroads and refining interests weit
| disturbed. There was a great cutting OF
rates. The refining interests were dis
turbed as were the railroads, which laid
considerable stress on the share OF OIL
they should carry"
How would relations be affected on
the New York Central. Erie. Atlantic
Great Western and Baltimore & Ohio by
the Pennsylvania having refining bus
iness?"
"They were much concerned as to what
loss of the oil trade to them would fol
low and there was heavy cutting OF
rates"
Resuming his testimony after recess,
Mr. Rockefeller said that when the En-
pire Transportation Co. was organized
our interests presented the matter to
the railroads and protested to the Penn
sylvania. We stopped our shipments over
the Pennsylvania and used other lines.
We objected to the Pennsylvania Rail-
road engaging in the refining business.
We did not know where we stood They
were shipping their own oil over their
own lines and discriminating against U.S.
Other railroads agreed to stand by us
but there was much bitterness between
the railroads. We made our shipments
over the Lake Shore, New York Central
and the Erie. Afterwards we purchased
the Empire Transportation Co. and the
nine lines to which 1 have referred The
PENNSYLVANIA Railroad acquired the cars
of the Empire Co. and issued car trust
certificates which we purchased"
Mr.. Rcckefeller's counsel asked him if
it were true that the rates obtained by
him during the period of the Standard
Oil Co.'S. war with the Pennsylvania Rail-
road were to crush and cripple the EN-
pire Co. so that the Standard Oil might
acquire it's property.
1T was not" replied Mr. Rockefeller.
Mr. Rockefeller said that when the
transaction was completed and the Penn
sylvania stopped refining the railroad
war stopped and an agreement was en-
tered into between the roads whereby
they obtained a percentage of the OIL
CARRYING trade. The Standard Oil inter-
ests were called upon to make those ar
engagements effective. The witness held
that the war getween the railroads to OBJ
tain the oil trade had been demoralizing
to the old business. Mr.. Rockefellers at
tention then was called to an agreement
between William Rockefeller and Thomas
Scott, president of the Pennsylvania Ra,i-
road which had been approved by all
the oil carrying railroads.
..Sometinles in seeing that the exact di-
vision of the traffic was being carried out
we shipped our oil to our own disadvan-
tase when we could have shipped it more
prottably by other lines said Mr.. Rock
efeller I'VE had nothing to do with the
division of traffic which the railroads de-
termined up"
Mi Rockefeller said that the company
guaranteed the Pennsylvania Railroad a
certain number of barrels of oil year
| and in consideration the railroad guaran-
teed to pay back 10 per cent. of the rate
| on the oil shipped.
He then told of the purchase of the
J. NJ Camden Co. of Parkershurg AMI
| the Pool Refining Co. also of that city.
The Camden Consolidated Oil Co. was