A history of Cleveland and its environs; the heart of new Connecticut, Elroy McKendree Avery . aste once incident tothe business, and partly by the refiners manufacturing for their ownpurposes, and cheapening tlie cost of the nuiterials used in manufac-turing oils. When the Standard Oil Trust was formed in 1882 it was cajiital-ized at .1;70,()00,000. Later the capilal was increased to .$i)r),O()O,00().and within seven or eigiil years the (rust canic into ixissessidii ol the 1870-92] COJOIERCE AND INDUSTRY 717 companies controlling tlio greater part of the i)etrnl(uin leliniiitj busi-ness in th
A history of Cleveland and its environs; the heart of new Connecticut, Elroy McKendree Avery . aste once incident tothe business, and partly by the refiners manufacturing for their ownpurposes, and cheapening tlie cost of the nuiterials used in manufac-turing oils. When the Standard Oil Trust was formed in 1882 it was cajiital-ized at .1;70,()00,000. Later the capilal was increased to .$i)r),O()O,00().and within seven or eigiil years the (rust canic into ixissessidii ol the 1870-92] COJOIERCE AND INDUSTRY 717 companies controlling tlio greater part of the i)etrnl(uin leliniiitj busi-ness in the United States. Ill ]\rar(h, 1892, the supreme court of the state of Ohio decitledthat the Standard Oil Trust was illegal, and it was dissolved, thebusiness being conducted by the separate companies that had com-posed the trust. From 1870 to 1880 was the period of regulation and combination,and bringing of the chaotic conditions which surrounded the oil indus-trj into something systematic. It reqviired an immense amount ofdetail work to accomplish this. The pipe lines which took the crude. iiiK Rockefeller .d Andrews Building petroleum from the tanks of the producers had different systems anddifferent methods; producers were not satisfied that they received allthey should, and refiners were not always satisfied with the conditionof the oil when it was received. It might contain residuum, or partof tlie run miglit be water. There was tiieii no way of safeguarding oil in transit. When theoil reached the pipe lines a record was made at once. But when theoil was transported by teams it was possible by collusion for a dis-honest teamster to appropriate by wagonloads. With the crude sys-tem of checks and balances it was not possible to keep track of the oil,as a smgle shipper might have scores of teams on the road at one there was a shortage, it was supposed the team had not yet reachedits destination. The quotation of the dump men not infrccjucntly 718 CLEVELAND AND ITS ENV
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Keywords: ., bookauthorlewispublishingcompan, bookcentury1900, bookdecade1910
