The far-sighted Americans of the transition period in this country’s
history, who created the modern petroleum industry, and built up the
machinery for its continuous expansion, began with the definite aim
of involving order from chaos. They were from the outset reformers
of business methods and enemies of waste. The latter had become
colossal during the unsettled years that were marked by the duration
and aftermath of civil war. The work of these business pioneers was
gradual, but it developed an ever-increasing impetus; and as the
years went on the ethical import of their mission became more and
more apparent. It would be wide of the facts to say that the element
of gain played no part in these developments. Little indeed would be
accomplished in the way of progress were the incentive of personal gain
in some form or other removed. On this point the Scottish economist,
Adam Smith, spoke pertinently one hundred and fifty years or more
ago: “By pursuing his own interest a man frequently promotes that of
society more effectually than when he really intends to promote it.”
Nevertheless it is clear that in the case of some of the leaders most
closely identified with the organization of the petroleum industry,
personal motive and energy were supplemented by a sincere desire to
promote the prosperity and welfare of the American people as a whole.
Coming to the larger question of what the principle of order means to
humanity in the abstract, it must be noted that all modern thinkers
whether they be supporters of capitalism--the system on which all
past industrial and national progress has been based--or intellectual
socialists pin their faith to that principle as the sole means whereby
mankind can be raised to a higher level. Moderate socialists are
especially emphatic on this point and it is the key-note of their
writings. They attribute the great mass of poverty and suffering
which still exists in this world to lack of order--to the failure of
mankind, in the individual and in the aggregate, adequately to realize
its importance. The goal which all enlightened men, of whatever school
of thought, desire to see attained, is the abolition of poverty; not
the imaginary poverty of the man who chafes because he cannot have
everything he desires; but the actual, galling poverty that is born of
the worker’s inability to produce sufficient to earn rewards that will
enable him to live according to decent standards. It is to the eternal
credit of the leaders of the petroleum industry in America that they
have set a beacon of order and efficiency which lights the road by
which that great end--the abolition of poverty--may be reached. It is a
principle that runs like a golden thread through the vast and complex
system that has grown up around petroleum.
Public-domain text, read in full here on John Shaqi.
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