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
experience, allowed freedom to sell in the markets she had built up,
would undoubtedly have increased her business. She would have profited
by the high prices of refined oil which Mr. Rockefeller was taking all
this trouble to secure. She might have grown a formidable competitor
even, and disturbed the steadiness of the working of the great machine.
Colonel Potts forgot that if the Great Purpose was realised nobody must
do business except under Mr. Rockefeller’s control.
In New York City the new tariff and pooling arrangements caused the
greatest uneasiness, for here was the largest group of prosperous
independent refiners. They had all allied themselves with the Empire
Transportation Company in the spring of 1877 when its fight with the
Standard had begun, but they had been dropped immediately when peace
negotiations were begun, and a letter of remonstrance they sent Mr.
Scott at the time was never answered.[60] The experiences of several of
these independents have been recorded in court testimony. One or two
will suffice here. For instance, among the Eastern refiners was the firm
of Denslow and Bush; their works were located in South Brooklyn. They
had begun in a very small way in 1870, and by 1879 were doing a business
of nearly 1,000 barrels of crude a day. They had transported nearly all
their oil by the Empire Line. After that line went out of business in
October, 1877, the contract with Denslow and Bush was transferred to the
Pennsylvania Railroad Company. This contract terminated on the first day
of May, 1878. Some time in March they received formal notice of its
expiration, and solicited an interview with the officers of the
Pennsylvania Railroad in order to make some arrangements for the further
transportation of their oil. Mr. Cassatt named New York. The meeting was
held at Mr. Denslow’s office, 123 Pearl Street. Besides Mr. Bush, there
were present to meet Mr. Cassatt, Messrs. Lombard, Gregory, King, H. C.
Ohlen, and C. C. Burke, all independents. When Mr. Bush was under
examination in the suit against the Pennsylvania Railroad in 1879 he
gave an account of what happened at this interview:
Public-domain text, read in full here on John Shaqi.
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