The Tyramy of Tiusts.

Ashburton Guardian, Volume XXI, Issue 5454, 24 August 1901, Page 1

The Tyramy of Tiusts.

(From the Daily News )

At the presecfc time, tin American elt!~ zen who >a or sells oil must either join or buy from the Trust. If he refuse* he has to fight an enemy which will spar* mr-ither pains nor money to wreck him* He will be undersold in every direction at prices which* although a dead loss to (ha Standard Company, make bob fche faintest impression upon the debit Bide of its huge balance sheet. * He cannot hope to transport his oil against the company, the enormous oapi* tal of which has enabled It to lay down the necessary tubes for pumping its oil diregt to taoh far distant places as Chicago Philadelphia, Richmond, and New York. No small capitalist can stand flitch * combination, and he has either to sell hli wells to the Truat and become the salaried manager of his own business or go under. In this way is destroyed that! treasured independence which is the 1 sad ing oharae* teristic of the Anglo Saxon «oa, and the email masters of a generation back art fast becoming the salaried and often sweated employees of the soulless Trust). By reducing competition, says the Trait the cost cf production is lessened, and the consumer gets a cheaper article. As a matter cf fact, the American Trust usually seises the first opportunity of increasing its prices.