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
His first venture seems to have been in 1873. In that year the
oil-shipping firm of J. A. Bostwick and Company laid a short pipe in the
Lower Field, as the oil country along the Allegheny River was called.
Now J. A. Bostwick was one of the charter members of the South
Improvement Company, and when Mr. Rockefeller enlarged his business in
1872 because of the power that enterprise gave him, he took Mr. Bostwick
into the Standard. This alliance, like all the operations of that
venture, was secret. The bitterness of the Oil Regions against the
members of the South Improvement Company was so great for many months
after the Oil War that Mr. Bostwick and Mr. Rockefeller seem to have
concluded in 1873 that it would be a wise precautionary measure for them
to lay a pipe-line upon which they could rely for a supply of oil in
case the oil men attempted again to cut them off from crude, as they had
succeeded in doing in 1872. Accordingly, a line was built and put in the
charge of a man who has since become known as one of the “strong men” of
the Standard Oil Company. This man, Daniel O’Day, was a young Irishman
who had first appeared in the oil country in 1867, and had at once made
so good a record for himself as transporting agent, that in 1869, when
the oil-shipping firm of J. A. Bostwick needed a man to look after its
shipments, he was employed. The record he made in the next two years was
such that it reached the ear of Jay Gould himself, the president of the
Erie, over which Mr. Bostwick was doing most of his shipping. Now the
Erie at this time was making a hard fight to meet the growth of the
Empire Transportation Company. So important did Jay Gould think this
struggle that in 1871 he himself came to the Oil Regions to look after
it. One of the first men summoned to his private car as it lay in
Titusville was the young Irishman, O’Day. He came as he was, begrimed
with the oil of the yards, but Mr. Gould was looking for men who could
do things, and was big enough to see through the grime. When the
interview was concluded, Daniel O’Day had convinced Jay Gould that he
was the man to divert the oil traffic from the Pennsylvania to the Erie
road, and he walked out with an order in his pocket which lifted him
over the head of everybody on the road so far as that particular freight
was concerned, for it gave him the right to seize cars wherever he found
them. For weeks after this he practically lived on the road, turning
from the Pennsylvania in this time a large volume of freight, and making
it certain that it would have to look to its laurels as it never had
before.
Public-domain text, read in full here on John Shaqi.
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