Famous Givers and Their GiftsBolton, Sarah Knowles
History
Famous Givers and Their Gifts
Bolton, Sarah Knowles
Philanthropists
Desirous of earning more, young Rockefeller after a time asked for eight
hundred dollars as wages; and, the firm declining to give over seven
hundred dollars a year, the enterprising youth, not yet nineteen,
decided to start in business for himself. He had industry and energy; he
was saving of both time and money; he had faith in his ability to
succeed, and the courage to try. He had managed to save about a thousand
dollars; and his father loaned him another thousand, on which he paid
ten per cent interest, receiving the principal as a gift when he became
twenty-one years of age. This certainly was a modest beginning for one
of the founders of the Standard Oil Company.
Having formed a partnership with Morris B. Clark, in 1858, in produce
commission and forwarding, the firm name became Clark & Rockefeller. The
closest attention was given to business. Mr. Rockefeller lived within
his means, and worked early and late, finding little or no time for
recreation or amusements, but always time for his accustomed work in the
church. There was always some person in sickness or sorrow to be
visited, some child to be brought into the Sunday-school, or some
stranger to be invited to the prayer-meetings.
The firm succeeded in business, and was continued with various partners
for seven years, until the spring of 1865. During this time some parts
of the country, especially Pennsylvania and Ohio, had become
enthusiastic over the finding of large quantities of oil through
drilling wells. _The Petroleum Age_ for December, 1881, gives a most
interesting account of the first oil-well in this country, drilled at
Titusville, on Oil Creek, a branch of the Alleghany River, in August,
1859.
Petroleum had long been known, both in Europe and America, under various
names. The Indians used it as a medicine, mixed it with paint to anoint
themselves for war, or set fire at night to the oil that floated upon
the surface of their creeks, making the illumination a part of their
religious ceremonies. In Ohio, in 1819, when, in boring for salt,
springs of petroleum were found, Professor Hildreth of Marietta wrote
that the oil was used in lamps in workshops, and believed it would be "a
valuable article for lighting the street-lamps in the future cities of
Ohio." But forty years went by before the first oil-well was drilled,
when men became almost as excited as in the rush to California for gold
in 1849.
Several refineries were started in Cleveland to prepare the crude oil
for illuminating purposes. Mr. Rockefeller, the young commission
merchant, like his father a keen observer of men and things, as early as
1860, the year after the first well was drilled, helped to establish an
oil-refining business under the firm name of Andrews, Clark, & Co.
Public-domain text, read in full here on John Shaqi.
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