Word: oil
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Dates: during 1880-1889
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...oil portrait of ex-President Robinson of Brown university is to be presented by friends to the college gallery of portraits in Memorial hall...
...Trusts and combinations are an economic evil. (a) They destroy competition, as in the case of the Standard Oil Company. (b) They often limit and suppress production. (c) By control of the market they can raise prices the Copper Syndicate. (d) They tend to build up monopolies and drive small capitalists out of business.- Quarterly Journal of Economics. Jan. 1889. New York State Leg. Report...
...prices are raised without any limit except the greed of the trust. The very idea of a trust is to abolish competition. Owing to the secrecy observed in regard to profits, outside capital, notoriously timid, is not attracted to the business. Trusts today are in their infancy. The Standard Oil Company has begun to absorb all the interests connected with it, such as pipe factories, coal mines, railroads, etc. The result will be one great company controlling all industries, while the whole people will be reduced to the class of wage earners...
...Butterworth, '89, closed for the negative. Suppression is not needed. The Standard Oil Company has not raised prices, but has lowered them to the same point that competition would have done. It has adapted the supply to the demand, and has proved of incalculable benefit to the industry. The spirit of the times leads to trusts. They sprung up in all directions as a natural growth. The opposition comes from small tradesmen who have been undersold by the lowered prices, and from demagogues who wish to make political capital. Any attempt at suppression would be a blow at modern trade...
...Masonic Fair in New York, the oil portrait of Charles Dickens to be given by vote to the most popular newspaper was awarded to Town Topics. What taste the Masons have...