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
The South Improvement Company had been a secret organisation. So was the
new Standard alliance; that is, the most strenuous efforts had been made
to keep it secret; for instance, the sale of the works of Lockhart,
Warden and Pratt to the Standard was kept from the public. Indeed, it
was a year after these sales before even the Erie Railroad knew that Mr.
Rockefeller had any affiliations besides those with Pratt and Company,
and it made its contracts with him on this assumption. When purchases of
refineries were made it was the custom to continue the business under
the name of the original concern; thus, when Mrs. B., of Cleveland, sold
in 1878, as recounted in the last chapter, the persons selling were
obliged to keep the sale secret even from the employees of the concern.
“The understanding was with regard to the sale of the property to the
Standard Oil Company,” said the shipping clerk in his affidavit, “that
it should not be known outside of their own parties, that it was to be
kept a profound secret, and that the business was to be carried on as if
the B—— Oil Company was still a competitor.” The secret rites with which
the contract was made in 1876 between Mr. Rockefeller and Scofield,
Shurmer and Teagle have already been described.
To keep the relations of the various Standard concerns secret Mr.
Rockefeller went so far, in 1880, as to make an affidavit like the
following: “It is not true, as stated by Mr. Teagle in his affidavit,
that the Standard Oil Company, directly or indirectly through its
officers or agents, owns or controls the works of Warden, Frew and
Company, Lockhart, Frew and Company, J. A. Bostwick and Company, C.
Pratt and Company, Acme Refining Company, Imperial Refining Company,
Camden Consolidated Company, and the Devoe Manufacturing Company; nor is
it true that the Standard Oil Company, directly or indirectly through
its officers or agents, owns or controls the refinery at Hunter’s Point,
New York. It is not true that the Standard Oil Company, directly or
indirectly through its officers or agents, purchased or acquired the
Empire Transportation Company, or furnished the money therefor; nor is
it true that the Standard Oil Company inaugurated or began or induced
any other person or corporation to inaugurate or begin a war upon the
Pennsylvania Railroad Company or the Empire Transportation Company, as
stated in the affidavit of Mr. Teagle.”[75]
There may be a technical explanation of this affidavit, although the
writer knows of none. There is certainly abundant testimony in existence
that the works of Messrs. Pratt, Lockhart and Warden, at least, had been
bought long before this affidavit was made, and paid for in Standard Oil
Company stock, and that they were working in alliance with that company.
It was shown in the last chapter that on October 17, 1877, the Standard
Oil Company paid $2,500,000 in certified checks on the purchasing price
of the plant of the Empire Transportation Company.
Public-domain text, read in full here on John Shaqi.
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