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
Soon afterward the United Pipe Line Company went under
their control. In 1877 the Empire Transportation Company, a large
pipe line and refining corporation which the Pennsylvania Railroad had
controlled for many years, became a Standard subsidiary.
Meanwhile certain hardy spirits in the oil regions had conceived a much
more ambitious plan. Why not build great underground mains directly from
the oil regions to the seaboard, pump the crude oil directly to the city
refineries, and thus free themselves from dependence on the railroads?
At first the idea of pumping oil through pipes over the Alleghany
Mountains seemed grotesque, but competent engineers gave their
indorsement to the plan. A certain "Dr." Hostetter built for the
Columbia Conduit Company a trunk pipe line that extended thirty miles
from the oil regions to Pittsburgh. Hardly had Hostetter completed his
splendid project when the Standard Oil capitalists quietly appeared and
purchased it! For four years another group struggled with an even more
ambitious scheme, the construction of a conduit, five hundred miles
long, from the oil regions to Baltimore. The American people looked on
admiringly at the splendid enterprise whose projectors, led by General
Haupt, the builder of the Hoosac Tunnel, struggled against bankruptcy,
strikes, railroad opposition, and hostile legislatures, in their
attempts to push their pipe line to the sea. In 1879 the Tidewater
Company first began to pump their oil, and the American press hailed
their achievement as something that ranked with the laying of the
Atlantic Cable and the construction of the Brooklyn Bridge. But in less
than two years the Rockefeller interest had entered into agreements with
the Tidewater Company that practically placed this great seaboard pipe
line in its hands.
Public-domain text, read in full here on John Shaqi.
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