The Age of Big Business: A Chronicle of the Captains of IndustryHendrick, Burton Jesse
History
The Age of Big Business: A Chronicle of the Captains of Industry
Hendrick, Burton Jesse
Big business -- United States -- History; Industries -- United States -- History
The very year that Bissell had organized his petroleum company a boy of
sixteen had obtained his first job in a produce commission office on
a dock in Cleveland. As the curtain rises on the career of John D.
Rockefeller, we see him perched upon a high stool, adding up figures and
casting accounts, faithfully doing every odd office job that came his
way, earning his employer's respect for his industry, his sobriety,
and his unmistakable talents for business. Nor does this picture
inadequately visualize Rockefeller's whole after-life, and explain the
business qualities that made possible his unexampled success. It is,
indeed, the scene to which Mr. Rockefeller himself most frequently
reverts when, in his famous autobiographical discourses to his Cleveland
Sunday School, he calls our attention to the rules that inevitably lead
to industrial prosperity. "Thrift, thrift, Horatio," is the one idea
upon which the great captain of the oil business has always insisted.
Many have detected in these habits of mind only the cheese-paring
activities of a naturally narrow spirit. Rockefeller's old Cleveland
associates remember him as the greatest bargainer they had ever known,
as a man who had an eye for infinite details and an unquenchable
patience and resource in making economies. Yet Rockefeller was clearly
more than a pertinacious haggler over trifles. Certainly such a
diagnosis does not explain a man who has built up one of the world's
greatest organizations and accumulated the largest fortune which
has ever been placed at the disposal of one man. Indeed, Rockefeller
displayed unusual business ability even before he entered the oil
business. A young man who, at the age of nineteen, could start a
commission house and do a business of nearly five hundred thousand the
first year must have had commercial capacity to an extraordinary degree.
Public-domain text, read in full here on John Shaqi.
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