Note 24 — Chapter V · THE EARLY YEARS, HEPBURN REPORT, ETC.
Reading edition
The Standard paid nominally 60 cents a barrel, but got a rebate of 49 cents, so that their net rate was 11 cents per barrel against $1.90 for the independents. See report of the Hepburn Committee (N. Y.), 1879, and George Rice’s pamphlet on “The Standard Oil Trust.”