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
A significant development in the region was the tendency among many of
the oil men to combine different branches of the business. Several large
producers conducted shipping agencies for handling their own and other
people’s oil. The firm of Pierce and Neyhart was a prominent one
carrying on this double business in the sixties and early seventies. J.
J. Vandergrift, who has been mentioned already as one of the first men
to take hold of the transportation problem, early became interested in
production. As soon as the pipe-line was demonstrated to be a success he
began building lines. He also added to his interests a large refinery,
the Imperial of Oil City. Captain Vandergrift by 1870 produced,
transported and refined his own oil as well as transported and refined
much of other people’s. It was a common practice for a refinery in the
Oil Regions to pipe oil directly to its works by its own line, and in
1872 one refinery in Titusville, the Octave, carried its refined oil a
mile or more by pipe to the railroad. Although most of the refineries at
this period sold their products to dealers and exporters, the building
up of markets by direct contact with new territory was beginning to be a
consideration with all large manufacturers. The Octave of Titusville,
for instance, chartered a ship in 1872 to load with oil and send in
charge of its own agent into South American ports.
The odds against the oil men in developing the business had not been
merely physical ones. There had been more than the wilderness to
conquer, more than the possibilities of a new product to learn. Over all
the early years of their struggle and hardships hovered the dark cloud
of the Civil War. They were so cut off from men that they did not hear
of the fall of Sumter for four days after it happened, and the news for
the time blotted out interest even in flowing wells. Twice at least when
Lee invaded Pennsylvania the whole business came to a stand-still, men
abandoning the drill, the pump, the refinery to make ready to repel the
invader. They were taxed for the war—taxes rising to ten dollars per
barrel in 1865—one dollar on crude and twenty cents a gallon on refined
(the oil barrel is usually estimated at forty-two gallons). They gave up
their quota of men again and again at the call for recruits, and when
the end came and a million men were cast on the country, this little
corner of Pennsylvania absorbed a larger portion of men probably than
any other spot in the United States. The soldier was given the first
chance everywhere at work, he was welcomed into oil companies, stock
being given him for the value of his war record. There were lieutenants
and captains and majors—even generals—scattered all over the field, and
the field felt itself honoured, and bragged, as it did of all things, of
the number of privates and officers who immediately on disbandment had
turned to it for employment.
Public-domain text, read in full here on John Shaqi.
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