All in the Day's Work: An AutobiographyTarbell, Ida M. (Ida Minerva)
History
All in the Day's Work: An Autobiography
Tarbell, Ida M. (Ida Minerva)
Journalists -- United States -- Biography; Tarbell, Ida M. (Ida Minerva), 1857-1944
I saw I had ruined my reputation as the Joan of Arc of the oil industry,
as some one had named me. But there were hard-headed independent
legislators and business men in the state who consoled me, “You are
right, we must learn to do business as well as they do.”
One immediate national effect of the Kansas disturbance was to arouse
the legislatures of other oil-producing states in the Southwest to enact
laws not unlike those of Kansas, though I do not remember that a state
refinery was sponsored anywhere else. There was a wide demand that
Congress place the pipe-line system under the Interstate Commerce
Commission, subject it to the same restrictions as interstate rails, but
most important was the fine popular backing the row gave the
trust-busting campaign of Theodore Roosevelt, now President of the
United States. He had begun his attack on big business by putting an end
to the first great holding company the country had seen—the Northern
Securities Company. He had followed this by a bill establishing a
department for which people had been asking for a decade or more, that
of Commerce and Labor, including a Bureau of Corporations with power to
examine books and question personnel. Congress at first shied at the
measure, but Mr. Roosevelt thundered, “If you do not pass it this
session I will call an extra session.” And they knew he would.
Ironically enough it was the Standard itself that broke the reluctance
of Congress. The proposal had shocked it out of its usual discretion.
There never was an organization in the country which held secrecy more
essential to doing business. Breaking down the walls behind which it
operated was not to be tolerated. It seems to have been the peppery John
Archbold who took charge of the fight against the bill, using all the
political influence of the company, which was considerable at that
moment.
Roosevelt soon learned something of what was going on—it is not certain
how much; and when he saw his measure in danger he gave out the
statement that John D. Rockefeller had wired his friends in the Senate,
“We are opposed to any antitrust legislation—it must be stopped.”
The last thing in the world that John D. Rockefeller would have done was
to send such a telegram to anybody. Probably Mr. Roosevelt knew that;
but somebody in the Standard was passing on such a word, and Mr.
Rockefeller was the responsible head of the organization. His name did
the work. Congress passed the bill in a hurry. The Bureau of
Corporations was speedily set up, an excellent man at its head—James
Garfield. The first task assigned it by the President was an
investigation of the petroleum industry.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account