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
There was another interest as deeply concerned as Mr. Rockefeller in
preserving Cleveland’s supremacy as a refining centre, and this was the
Lake Shore and New York Central Railroads. Let the bulk of refining be
done in the Oil Regions and these roads were in danger of losing a
profitable branch of business. This situation in regard to the oil
traffic was really more serious now than in 1868 when General Devereux
had first given the Standard a rebate. Then it was that the
Pennsylvania, through its lusty ally the Empire Transportation Company,
was making the chief fight to secure a “patent right on oil
transportation.” The Erie was now becoming as aggressive a competitor.
Gould and Fisk had gone into the fight with the vigour and the utter
unscrupulousness which characterised all their dealings. They were
allying themselves with the Pennsylvania Transportation Company, the
only large rival pipe-line system which the Empire had. They were
putting up a refinery near Jersey City, and they were taking advantage
shrewdly of all the speculative features of the new business.
As competition grew between the roads, they grew more reckless in
granting rebates, the refiners more insistent in demanding them. By 1871
things had come to such a pass in the business that every refiner
suspected his neighbour to be getting better rates than he. The result
was that the freight agents were constantly beset for rebates, and that
the large shippers were generally getting them on the ground of the
quantity of oil they controlled. Indeed it was evident that the rebate
being admitted, the only way in which it could be adjusted with a show
of fairness was to grade it according to the size of the shipment.
[Illustration:
W. G. WARDEN
Secretary of the South Improvement Company.
]
[Illustration:
PETER H. WATSON
President of the South Improvement Company.
]
[Illustration:
CHARLES LOCKHART
A member of the South Improvement Company, and later of the Standard
Oil Company. At his death in 1904 the oldest living oil operator.
]
[Illustration:
HENRY M. FLAGLER IN 1882
Active partner of John D. Rockefeller in the oil business since 1867.
Officer of the Standard Oil Company since its organization in 1870.
]
Public-domain text, read in full here on John Shaqi.
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