FREE BOOKS

Author's List




PREV.   NEXT  
|<   59   60   61   62   63   64   65   66   67   68   69   70   71   72   73   74   75   76   77   78   79   80   81   82   83  
84   85   86   87   88   89   90   91   92   93   94   95   96   97   98   99   100   101   102   103   104   105   106   107   108   >>   >|  
ll ever blind them to its iniquities, and that when reprisal day comes, as come it surely will, the first thing the people in their frenzy will look for will be Standard Oil. This is the reason which, more than any other, influences them in selling to others an enterprise which has up to the present time not only enjoyed tremendous prosperity, but which has as yet met with no obstacle or hindrance. Of all forms of tangible investment "Standard Oil" has looked most favorably upon gas stocks, and its secret devices have been worked overtime in consolidating gas companies throughout the United States. In a general way, as manufacturers of illuminating oil, "Standard Oil" had early become familiar with the problems of supplying large communities--cities--with gas light; and with the advent of water-gas, as sellers of petroleum they controlled an important factor in the production of that volatile commodity. All the talent of the "System," trained in "handling" municipal authorities, came into play in this big new business of lighting cities--a business which perforce became a monopoly as soon as the powerful tentacles grasping it were recognized as "Standard Oil." At the time my story opens (1894) "Standard Oil" had already captured the gas-lighting corporations of certain of the great cities of the United States, including the immensely rich ones of New York (directly), Philadelphia and Chicago (indirectly); and for two years previously had been besieging the several independent Brooklyn companies for the purpose of consolidating them into a single gigantic corporation. This project it has since accomplished. Its intention is to weld this corporation with the great one that already holds the monopoly of Manhattan. The task of diagramming a territory for invasion is one after Henry H. Rogers' own heart. His campaigns are planned with Napoleonic power and foresight. When the capture of Brooklyn was decided on, the several corporations to be subdued were "sized up" as to their revenues and liabilities; the resources of their stockholders were studied out, and a plan of action organized to separate each one from his shares at "hard-pan" prices. In the "Standard Oil" armory there are many instruments of "persuasion," and he is indeed a hardy fellow who can resist the various "trying-out" processes to which mutineers are subjected. This obstinate capitalist will be summarily knocked on the head; that other inveigled into
PREV.   NEXT  
|<   59   60   61   62   63   64   65   66   67   68   69   70   71   72   73   74   75   76   77   78   79   80   81   82   83  
84   85   86   87   88   89   90   91   92   93   94   95   96   97   98   99   100   101   102   103   104   105   106   107   108   >>   >|  



Top keywords:
Standard
 

cities

 

United

 

corporations

 

consolidating

 

companies

 
Brooklyn
 
monopoly
 
lighting
 

business


corporation

 

States

 

accomplished

 
intention
 

project

 

single

 

gigantic

 

processes

 

invasion

 

territory


diagramming

 

purpose

 

Manhattan

 

mutineers

 
directly
 

Philadelphia

 

immensely

 

inveigled

 
including
 

Chicago


indirectly

 

besieging

 
obstinate
 

subjected

 
independent
 

previously

 

capitalist

 

knocked

 
summarily
 

separate


organized
 
action
 

stockholders

 

studied

 

shares

 

instruments

 
persuasion
 

armory

 

prices

 

resources