Random Reminiscences of Men And Events

Cover Random Reminiscences of Men And Events
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It exempted railroads from liability for fire and carriedits own insurance. It provided at its own expense terminal facilitieswhich permitted economies in handling. For these services it obtainedcontracts for special allowances on freights.
But notwithstanding these special allowances, this traffic from theStandard Oil Company was far more profitable to the railroad companiesthan the smaller and irregular traffic, which might have paid a higherrate.
To understand the situation which affected th
...e giving and taking ofrebates it must be remembered that the railroads were all eager toenlarge their freight traffic. They were competing with the facilitiesand rates offered by the boats on lake and canal and by thepipe-lines. All these means of transporting oil cut into the businessof the railroads, and they were desperately anxious to successfullymeet this competition. As I have stated we provided means for loadingand unloading cars expeditiously, agreed to furnish a regular fixednumber of car-loads to transport each day, and arranged with them forall the other things that I have mentioned, the final result being toreduce the cost of transportation for both the railroads andourselves.

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