A Classification of American Wealth
History and genealogy of the wealthy families of America - Sponsors


 Part 1 : Colonial and Mercantile America  Part 2 : America in the Gilded Age
 Part 3 : America in the Twentieth Century  Encyclopedia of American Wealth

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   Part II-Chapter 11 :  The Trusts  > Birth of the Standard Oil Company  :  Previous  1 - 2 - 3 - 4 - 5 - 6 - 7  Next  

  The South Improvement Company scheme 

did not escape the management of the mighty Pennsylvania Railroad, who devised the South Improvement scheme to regulate oil shipments and regain a share in the Cleveland market. Similar to Jay Gould's Allegheny Transportation Company, the South Improvement Company was created with the sole purpose of regulating oil shipments over railroads by handling rebates and drawbacks, which were agreed with certain refiners. The scheme involved

 

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