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
Although Mr. Kier seems to have done a good business in rock-oil,
neither he nor any one else up to this point had thought it worth while
to seek petroleum for its own sake. They had all simply sought to
utilise what rose before their eyes on springs and streams or came to
them mixed with the salt-water for which they drilled. In 1854, however,
a man was found who took rock-oil more seriously. This man was George H.
Bissell, a graduate of Dartmouth College, who, worn out by an experience
of ten years in the South as a journalist and teacher, had come North
for a change. At his old college the latest curiosity of the laboratory
was shown him—the bottle of rock-oil—and the professor contended that it
was as good, or better, than coal for making illuminating oil. Bissell
inquired into its origin, and was told that it came from oil springs
located in Northwestern Pennsylvania on the farm of a lumber firm,
Brewer, Watson and Company. These springs had long yielded a supply of
oil which was regularly collected and sold for medicine, and was used
locally by mill-owners for lighting and lubricating purposes.
Bissell seems to have been impressed with the commercial possibilities
of the oil, for he at once organised a company, the Pennsylvania
Rock-Oil Company, the first in the United States, and leased the lands
on which these oil springs were located. He then sent a quantity of the
oil to Professor Silliman of Yale College, and paid him for analysing
it. The professor’s report was published and received general attention.
From the rock-oil might be made as good an illuminant as any the world
knew. It also yielded gas, paraffine, lubricating oil. “In short,”
declared Professor Silliman, “your company have in their possession a
raw material from which, by simple and not expensive process, they may
manufacture very valuable products. It is worthy of note that my
experiments prove that nearly the whole of the raw product may be
manufactured without waste, and this solely by a well-directed process
which is in practice in one of the most simple of all chemical
processes.”[1]
Public-domain text, read in full here on John Shaqi.
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