The History of the Standard Oil CompanyTarbell, Ida M. (Ida Minerva)
History
The History of the Standard Oil Company
Tarbell, Ida M. (Ida Minerva)
Petroleum industry and trade -- United States -- History; Standard Oil Company -- History
Chief counsel of the Petroleum Producers’ Union
from 1878 to 1880. From 1880 to 1885 counsel
for the Standard Oil Company. From 1885 to his
death in 1893 counsel of the allied
independents.
PORTRAIT OF BENJ. B. CAMPBELL 1248
President of the Petroleum Producers’ Union from
1878 to 1880. Independent refiner and operator
until his death.
PORTRAIT OF JOSIAH LOMBARD 1248
Prominent independent refiner of N. Y. City,
whose firm was the only one to keep its
contract with the Tidewater Pipe Line Company
in 1880.
THE HISTORY OF
THE STANDARD OIL COMPANY
CHAPTER ONE
THE BIRTH OF AN INDUSTRY
PETROLEUM FIRST A CURIOSITY AND THEN A MEDICINE—DISCOVERY OF ITS REAL
VALUE—THE STORY OF HOW IT CAME TO BE PRODUCED IN LARGE
QUANTITIES—GREAT FLOW OF OIL—SWARM OF PROBLEMS TO SOLVE—STORAGE AND
TRANSPORTATION—REFINING AND MARKETING—RAPID EXTENSION OF THE FIELD
OF OPERATION—WORKERS IN GREAT NUMBERS WITH PLENTY OF CAPITAL—COSTLY
BLUNDERS FREQUENTLY MADE—BUT EVERY DIFFICULTY BEING MET AND
OVERCOME—THE NORMAL UNFOLDING OF A NEW AND WONDERFUL OPPORTUNITY FOR
INDIVIDUAL ENDEAVOUR.
One of the busiest corners of the globe at the opening of the year 1872
was a strip of Northwestern Pennsylvania, not over fifty miles long,
known the world over as the Oil Regions. Twelve years before this strip
of land had been but little better than a wilderness; its chief
inhabitants the lumbermen, who every season cut great swaths of primeval
pine and hemlock from its hills, and in the spring floated them down the
Allegheny River to Pittsburg. The great tides of Western emigration had
shunned the spot for years as too rugged and unfriendly for settlement,
and yet in twelve years this region avoided by men had been transformed
into a bustling trade centre, where towns elbowed each other for place,
into which three great trunk railroads had built branches, and every
foot of whose soil was fought for by capitalists. It was the discovery
and development of a new raw product, petroleum, which had made this
change from wilderness to market-place. This product in twelve years had
not only peopled a waste place of the earth, it had revolutionised the
world’s methods of illumination and added millions upon millions of
dollars to the wealth of the United States.
Public-domain text, read in full here on John Shaqi.
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