Herriman Saturday

Monday, November 11 1907 — The Santa Fe Railroad is fined $330,000 for giving “rebates” (aka kickbacks) to an Arizona cement company. This was a widespread monopolistic practice that also earned John D. Rockefeller’s Standard Oil Company a $29 million fine, the largest by far ever levied up to that time. See the New York Times archive for a contemporary news account.

Leave a Reply

Your email address will not be published. Required fields are marked *