notably before competitors can afford to ship from other
coal-producing districts.
It would seem that our fuel is especially liable to be subjected to
monopoly, for, as we have already seen in the preceding chapter, the
control over the petroleum trade is held by the Standard Oil Trust. How
much of the production of crude petroleum is in the hands of the trust
it is hard to say. This much is certain, that there is a "Petroleum
Producers' Association," which has a compact enough organization to be
able to make contracts with the Standard Oil Company regarding the
limitation of production. It is even stated that the Standard Oil Trust
itself controls to a considerable extent the oil-producing territory;
but this is hardly probable.
Our newest and most wonderful fuel, natural gas, has already come under
the control of a few great corporations, who own the wells and the pipes
for conveying and distributing it to the consumers. A striking instance
of the arbitrary nature of prices when under a monopoly's control was
shown at Pittsburgh a few months ago. As is well known, upon the
introduction of natural gas to that city a great number of the
manufactories, as well as the private houses, discarded coal, and at
considerable expense fitted up boilers, furnaces, etc., to use the new
fuel. After the use of the gas had become general and its value had come
to be thoroughly understood, the company furnishing the supply advanced
the rates 100 per cent., without previous notice; and despite the
remonstrance of indignant consumers, the advanced rate had to be paid or
the use of the gas discontinued, the latter alternative involving the
loss of the money invested in piping, burners, etc.
Of the minor products of mines and quarries, marble, sandstone, borax,
salt, and asphalt are all known to be more or less thoroughly under the
control of monopolies, which, though less important and powerful, show
the same tendency toward the destruction of competition.
Great as is the extent to which the monopoly of the mineral wealth of
the world has gone, we can scarcely doubt that if the movement is
unchecked it will go much farther. In one sense the only absolute
necessaries of life are food and clothing. But to the civilization of
to-day the metals and minerals are no less indispensable; and these
cannot be made anywhere, like manufactured goods; or grown on wide
areas, like the products of the soil. We are absolutely at the mercy of
the
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