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  

  J.N. Camden conquers Baltimore and West Virginia 

Standard Oil agreed to resume oil shipments over the Pennsylvania Railroad at a rate of two million barrels per year. It therefore received a 10% rebate on all rates and a 20 cents drawback on each barrel of crude oil the railroad shipped. Standard Oil also agreed to relieve the Pennsylvania Railroad from its now useless investments in pipelines and refineries, purchasing the Empire Transportation Company for

 

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