The Men and the Monopoly

company, oil, standard, companies, petroleum, stated and american

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Atlantic Refining Company, Pennsylvania... ... 5,000,000 Solar Refining Company, Ohio ... ... 500,000 Standard Oil Company of California ... 25,000,000 Standard Oil Company of Kansas ... ... 1,000,000 Standard Oil Company of Indiana ... ... 1,000,000 Standard Oil Company of New York ... 15,000,000 Security Oil Company, Texas ... 3,000,000 Standard Oil Company of Ohio ... ... 3,500,000 Corsicana Refining Company ... partnership Then comes a group of lubricating oil com panies :— Dols.

Vacuum Oil Company, N.Y.... ... ... 2,500,000 Borne, Scrymser & Co., NJ.... ... 200,000 Chesebrough Manufacturing Company, N.Y. ... 500,000 Galena Signal Oil Company, Penn.... ... 10,000,000 Swan and Finch Company, N.Y. ... 1,000,000 It will surprise many readers on this side to find in this list the name of the Chesebrough Company, which lights the London sky with the magic word " Vaseline," but for years that article has paid its tribute to the Standard Oil Trust. This story was told by Mr. John D.

Archbold in evidence in the proceedings by the United States Government against the Trust in the State of Missouri, where much evidence, to which we shall hereafter have to refer, was taken. Mr. Archbold then stated that the Standard Oil Trust acquired 2,549 shares in the Chesebrough Manufacturing Company, which was a little more than a majority of the stock. Mr. Chesebrough and the other minority stock holders continued to carry on the business in the old name until the present day. Vaseline, of course, is a product of petroleum. With regard to the Galena Signal Oil Company, which manufactures railway lubricating and signal oils, it is stated by the United States Commis sioner of Corporations in his Report (Part II. p. x.) that American Railway officials are com pelled to purchase the Galena products at higher prices than their competitors ask, because of the influence of the Standard Oil interests as large consignors, or their power in financial circles, exerted on the railway boards. The Vacuum Oil Company, which also appears in this list, became a Standard corporation as long ago as 1879, and it was the company concerned in the sensational prosecution of several Standard Oil men at Buffalo for the alleged conspiracy to blow up a rival refinery. Its speciality is the compounding of lubricating oils.

The list of companies next includes three crude oil-producing companies and thirteen pipe line companies. Next comes the Union Tank Line Company, of New Jersey, capital $3,500,000, which owns and operates railway tank cars. Sixteen natural gas companies follow, and then six American marketing com panies, of which the Waters-Pierce Oil Company, of Missouri, has had, perhaps, the most remark able modern history. NeXt we come to the following foreign marketing companies, the first two of which are duly recorded in the files at Somerset House :— capital.

Anglo-American Oil Company (London) ... £1,000,000 Vacuum Oil Company, Ltd. (London) ... £55,000 American Petroleum Company (Holland) ... F1.7,850,000 Amerikanische Petroleum Company (Germany) M.200,000 Deutsche-Amerikanische Company (Germany) M.30,000,000 Danish Petroleum Company ... Not stated Konigsberger-Handels Company (Germany)... M.2,300,000 Mannheim-Bremen Company (Germany) ... M.3,000,000 Korff Refinery Company (Bremen) M.1,500,000 Stettin-Amerikanische Company (Germany)... Not stated Roumanian-American Petroleum Company ... Lei.12,500,000 Socidt6 ci-devant H. Reith et Cie. (Belgium)... Fr. 1,650,000 Italian American Petroleum Company Not stated Vacuum Oil Company (Austria) Kr.10,000,000 International Oil Company (Japan) Yen.12,000,000 Imperial Oil Company (Canada) ... ... Not stated Colonial Oil Company (Africa and Australasia) $250,000 But even this long list does not complete the companies in this combination. It does not include many businesses which have been bought by the Standard and are now run as parts of one or other of the companies given. For example, the Devoe Manufacturing Com pany, which manufactures all the tin cases in which oil and petrol are shipped, is now absorbed in the Standard Oil Company of New York. Then there is the Oswego Manufacturing Com pany, manufacturers of wood packing-cases and barrels ; the American Wick Manufacturing Company, which made lamp wicks ; and Thompson, Bedford & Co., who had a large European trade in lubricating oils before their absorption. In addition, there should be added a number of Vacuum Oil companies which have been established abroad, in Copenhagen, Genoa, Paris, Hamburg, Moscow, Stockholm, Bombay, Kobe, and Cape Town.

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