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 materials are abundant for the history of American industry in the
last fifty years. They exist largely in the form of official documents.
Any one ambitious of studying this subject in great detail should
consult, first of all, the catalogs issued by that very valuable
institution, the Government Printing Office. The Bureau of Corporations
has published elaborate reports on such industries as petroleum
(Standard Oil Company), beef, tobacco, steel, and harvesting machinery,
which are indispensable in studying these great basic enterprises. The
American habit of legislative investigation and trust-fighting in the
courts, whatever its public value may have been, has at least had the
result of piling up mountains of material for the historian of American
industry. For one single corporation, the Standard Oil Company, a
great library of such literature exists. The nearly twenty volumes of
testimony, exhibits, and briefs assembled in the course of the Federal
suit which led to its dissolution is the ultimate source of material on
America's greatest trust. As most of our other great corporations--the
Steel Trust, the Harvester Company, the Tobacco Company, and the
like--have passed through similar ordeals, all the information the
student could ask concerning them exists in the same form. The archives
of such bodies as the Interstate Commerce Commission and Public Utility
Commissions of the States are also bulging with documentary
evidence. Thus all the material contained in this volume--and much
more--concerning the New York traction situation will be found in the
investigation conducted in 1907 by the Public Service Commission of New
York, Second District.
American business has also developed a great talent for publicity.
Nearly all our big corporations have assembled much material about
their own history, all of which is public property. Thus the American
Telephone and Telegraph Company can furnish detailed information on
every phase of its business and history. Indeed, one's respect for
the achievements of American industry is increased by the praiseworthy
curiosity which it displays about its own past and the readiness with
which it makes such material accessible to the public. Despite the
abundance of data, there is not a great amount of popular writing on
these subjects that has much fascination as literature or much value as
history. The only book that is really important is Miss Ida M. Tarbell's
"History of the Standard Oil Company," 2 vols. (new edition 1911). Of
other popular volumes the present writer has found most useful Herbert
N. Casson's "Romance of Steel" (1907), "History of the Telephone"
(1910), and "Cyrus Hall McCormick: His Life and Work" (1909); J.H.
Bridge's "Inside History of the Carnegie Steel Company" (1903); "Henry
Ford's Own Story" as told to Rose Wildes Lane (1917).
Public-domain text, read in full here on John Shaqi.
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