The South Improvement Company scheme

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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