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
“After the arrangements for the sale of the refinery and of my stock
were fully completed and the property had been sold by myself and
the other stockholders, and after I had made arrangements for the
disposition of my money, I received a note from Mr. Rockefeller, in
reply to one that I had written to him threatening to make the
transaction public, saying that he would give me back the business
as it stood, or that I might retain stock if I wished to, but this
was after the entire transaction was closed, and such arrangements
had been made for my money that I could not then conveniently enter
into it; and I was so indignant over the offer being made at that
late day, after my request for the stock having been made at the
proper time, that I threw the letter into the fire and paid no
further attention to it.”[64]
The letter which Mrs. B—— destroyed was included in the affidavit in
which Mr. Rockefeller answered Mrs. B——’s statement. It reads:
“November 13, 1878. DEAR MADAM: I have held your note of 11th inst.,
received yesterday, until to-day, as I wished to thoroughly review
every point connected with the negotiations for the purchase of the
stock of the B—— Oil Company, to satisfy myself as to whether I had
unwittingly done anything whereby you could have any right to feel
injured. It is true that in the interview I had with you I suggested
that if you desired to do so, you could retain an interest in the
business of the B—— Oil Company, by keeping some number of its
shares, and then I understood you to say that if you sold out you
wished to go entirely out of the business. That being my
understanding, our arrangements were made in case you concluded to
make the sale that precluded any other interests being represented,
and therefore, when you did make the inquiry as to your taking some
of the stock, our answer was given in accordance with the facts
noted above, but not at all in the spirit in which you refer to the
refusal in your note. In regard to the reference that you make as to
my permitting the business of the B—— Oil Company to _be taken_ from
you, I say that in this, as all else that you have written in your
letter of 11th inst., you do me most grievous wrong. It was of but
little moment to the interests represented by me whether the
business of the B—— Oil Company was purchased or not. I believe that
it was for your interest to make the sale, and am entirely candid in
this statement, and beg to call your attention to the time, some two
years ago, when you consulted Mr. Flagler and myself as to selling
out your interests to Mr. Rose, at which time you were desirous of
selling at _considerably less price_, and upon time, than you have
now received in cash, and which sale you would have been glad to
have closed if you could have obtained satisfactory security for the
deferred payments. As to the price paid for the property, it is
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account