Famous Givers and Their GiftsBolton, Sarah Knowles
History
Famous Givers and Their Gifts
Bolton, Sarah Knowles
Philanthropists
The business increased so rapidly that Mr. Rockefeller sold his interest
in the commission house in 1865, and with Mr. Samuel Andrews bought out
their associates in the refining business, and established the firm of
Rockefeller & Andrews, the latter having charge of the practical
details.
Mr. Rockefeller was then less than twenty-six years old; but an
exceptional opportunity had presented itself, and a young man of
exceptional ability was ready for the opportunity. A good and cheap
illuminator was a world-wide necessity; and it required brain, and
system, and rare business ability to produce the best product, and send
it to all nations.
The brother of Mr. Rockefeller, William, entered into the partnership;
and a new firm was established, under the name of William Rockefeller &
Co. The necessity of a business house in New York for the sale of their
products soon became apparent, and all parties were united in the firm
of Rockefeller & Co.
In 1867 Mr. Henry M. Flagler, well known in connection with his
improvements in St. Augustine, Fla., was taken into the company, which
became Rockefeller, Andrews, & Flagler. Three years later, in 1870, the
Standard Oil Company of Ohio was established with a capital of
$1,000,000, Mr. Rockefeller being made president. He was also made
president of the National Refiners' Association.
He was now thirty-one years old, far-seeing, self-centred, quiet and
calm in manner, but untiring in work, and comprehensive in his grasp of
business. The determination which had won a position for him in youth,
even though it brought him but four dollars a week, the confidence in
his ability, integrity, and sound judgment, which made the banks willing
to lend him money, or men willing to invest their capital in his
enterprise, made him a power in the business world thus early in life.
Amid all his business and his church work, he had found time to form
another partnership, the wisest and best of all. In the same high school
with him for two years was a young girl near his own age, Laura C.
Spelman, a bright scholar, refined and sensible.
Her father was a merchant, a Representative in the Legislature of Ohio,
an earnest helper in the church, in temperance, and in all that lifts
the world upward. He was the friend of the slave; and the Spelman home
was one of the restful stations on that "underground railroad" to which
so many colored men and women owe their freedom. He was an active member
for years of Plymouth Congregational Church in Cleveland, and later of
Dr. Buddington's church in Brooklyn, and of the Broadway Tabernacle, New
York, under Dr. Wm. M. Taylor. He died in New York City, Oct. 10, 1881.
Public-domain text, read in full here on John Shaqi.
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