Frenzied Finance, Vol. 1: The Crime of Amalgamated — John Shaqi
Frenzied Finance, Vol. 1: The Crime of AmalgamatedLawson, Thomas William
History
Frenzied Finance, Vol. 1: The Crime of Amalgamated
Lawson, Thomas William
Amalgamated Copper Co.; Gas companies -- Massachusetts -- Boston; Insurance -- United States; Speculation; Standard Oil Company
The success of "Standard Oil" is largely due to two things--to the
loyalty of its members to each other and to "Standard Oil," and to the
punishment of its enemies. Each member before initiation knows its
religion to be reward for friends and extermination for foes. Once
within the magic circle, a man realizes he is getting all that any one
else on earth can afford to pay him for like services, and still more
thrown in for full measure. Moreover, while a "Standard Oil" man's
reward is always ample and satisfactory, he is constantly reminded in a
thousand and one ways that punishment for disloyalty is sure and
terrible, and that in no corner of the earth can he escape it, nor can
any power on earth protect him from it.
"Standard Oil" is never loud in its rewards nor its punishments. It does
not care for the public's praise nor for its condemnation, but endeavors
to avoid both by keeping its "business" to itself. As an instance, in
connection with certain gas settlements I made with "Standard Oil," it
voluntarily paid one of its agents for a few days' work $250,000. He had
expected at the outside $25,000. When I published the fact, as I had a
right to, "Standard Oil" was mad as hornets--as upset, indeed, as though
it had been detected in cheating the man out of two-thirds of his just
due, instead of having paid him ten times what was coming to him.
CHAPTER III
THE MEN IN POWER BEHIND THE "SYSTEM"
In the great Thing known to the world as "Standard Oil," the most
perfect embodiment of a "system" which I will endeavor to get before my
readers in later chapters, there are three heads, Henry H. Rogers,
William Rockefeller, and John D. Rockefeller. All the other members are
distinctively lieutenants, or subordinate workers, unless possibly I
except James Stillman, who, from his peculiar connection with "Standard
Oil" and his individually independent position, should perhaps be placed
in the category of heads.
Public-domain text, read in full here on John Shaqi.
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