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 -- 7  Next  

  The Rutter Circular and war with the Empire Transportation Co 

five major pipeline companies made an agreement with the four principal railroads (New York Central, Erie, Pennsylvania and Baltimore & Ohio) to raise official freight rates of oil almost to the level set in the days of the South Improvement Company and to grant a rebate of 22 cents on oil coming from the five major pipeline systems. This agreement, known as the "Rutter Circular", strongly induced the producers to hook onto one of the major pipeline operators and thereby forced the smaller pipelines

 

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