Page:The History of the Standard Oil Company Vol 1.djvu/416

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THE HISTORY OF THE STANDARD OIL COMPANY

of its taking effect, inconsistent therewith, and it is mutually agreed that from the date of its taking effect until it is terminated, any violation thereof by any party will work an injury to the whole interest of not less than ten thousand ($10,000) dollars; and if any such violation shall not be fully rectified by the offending party within thirty (30) days after written notice shall have been given to the said offending party by the executive committee, through its secretary, upon a vote of all of said committee except the representative of the offending party, it is agreed that ten thousand ($10,000) dollars shall be the stipulated and liquidated damages for each and every such violation so unrectified, which damages shall be collected by the executive committee, and shall be divided among the other parties hereto in the same relative proportion as the common fund is divided. This contract shall take effect on the first day of October, a.d. 1874, and shall continue for two (2) years, and shall continue after the expiration of said two (2) years until after three (3) months' written notice shall have been given by either of the parties hereto, to the executive committee, through its secretary, of a wish to have it terminate, at the expiration of whch notice it shall cease and determine.

In Witness Whereof, the parties hereto, by their representatives, have affixed their signatures this fourth day of September, a.d. 1874.

The United Pipe Lines: J. J. Vandergrift, George V. Forman, John Pitcairn, Jr., by George V. Forman, Attorney for themselves and others.

The Sandy and Milton Lines: J. J. Vandergrift, George V. Forman, John Pitcairn, Jr., by George V. Forman, Attorney.

For the Relief Pipe Line Company: F. Prentice, President.

For the American Transfer Company: Daniel O'Day, Superintendent.

For the Union Pipe Line Company: Charles P. Hatch, Manager.

For the Grant Pipe Company: R. B. Allen, President.

For the Karns Pipe Line Company: S. D. Karns, President.

For the Antwerp Pipe Company and the Oil City Pipe Company: E. C. Bradley, President.

For the Pennsylvania Transportation Company: Henry Harley, President.

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