Railways in the United States Their History Their Relation to the State And

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When the agreement became public, the legis- lature of Pennsylvania was compelled by public opinion to vacate the charter of the corporation. A more ingenious and secret agreement, however, was subsequently made with the Standard Oil Company, by the railroad corporations, securing to that corporation the objects which were in- tended to be secured to the South Improvement Company. This company, originally composed of 126 Railways in the United States a few enterprising oil men of the western St
...ates, gradually absorbed into its management the Stan- dard Oil Company of Cleveland, the Standard Oil Company of Pittsburg, the Acme Oil Com- pany of New York, the Imperial Oil Company of Oil City, the Atlantic Refining Company of Phila- delphia, Charles Pratt & Co. Of New York, the Devoe Manufacturing Company of New York, J. A. Bostwick & Co. , and Messrs. Rockefeller, Day, Flagler, Warden, Frew & Co. , and others.
This combination against the remainder of the trade, now banded together under the name of the Standard Oil Company, was characterized by the committee as a flagrant violation of every prin- ciple of railroad economy and natural justice.


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