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
Here was the oil, and in unheard-of quantities, and with it came all the
swarm of problems which a discovery brings. The methods Drake had used
were crude and must be improved. The processes of refining were those of
the laboratory and must be developed. Communication with the outside
world must be secured. Markets must be built up. Indeed, a whole new
commercial machine had to be created to meet the discovery. These
problems were not realised before the region teemed with men to wrestle
with them—men “alive to the instant need of things.” They had to begin
with so simple and elementary a matter as devising something to hold the
oil. There were not barrels enough to be bought in America, although
turpentine barrels, molasses barrels, whiskey barrels—every sort of
barrel and cask—were added to new ones made especially for oil.
Reservoirs excavated in the earth and faced with logs and cement, and
box-like structures of planks or logs were tried at first but were not
satisfactory. A young Iowa school teacher and farmer, visiting at his
home in Erie County, went to the region. Immediately he saw his chance.
It was to invent a receptacle which would hold oil in quantities.
Certain large producers listened to his scheme and furnished money to
make a trial tank. It was a success, and before many months the school
teacher was buying thousands of feet of lumber, employing scores of men,
and working them and himself—day and night. For nearly ten years he
built these wooden tanks. Then seeing that iron tanks—huge receptacles
holding thousands of barrels where his held hundreds—were bound to
supersede him, he turned, with the ready adaptability which
characterised the men of the region, to producing oil for others to
tank.
Public-domain text, read in full here on John Shaqi.
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