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
ROCKEFELLER AND HIS PARTY NOW PROPOSE AN OPEN INSTEAD
OF A SECRET COMBINATION—“THE PITTSBURG PLAN”—THE
SCHEME IS NOT APPROVED BY THE OIL REGIONS BECAUSE ITS
CHIEF STRENGTH IS THE REBATE—ROCKEFELLER NOT
DISCOURAGED—THREE MONTHS LATER BECOMES PRESIDENT OF
NATIONAL REFINERS’ ASSOCIATION—FOUR-FIFTHS OF
REFINING INTEREST OF UNITED STATES WITH HIM—OIL
REGIONS AROUSED—PRODUCERS’ UNION ORDER DRILLING
STOPPED AND A THIRTY DAY SHUT-DOWN TO COUNTERACT
FALLING PRICE OF CRUDE—PETROLEUM PRODUCERS’ AGENCY
FORMED TO ENABLE PRODUCERS TO CONTROL THEIR OWN
OIL—ROCKEFELLER OUTGENERALS HIS OPPONENTS AND FORCES
A COMBINATION OF REFINERS AND PRODUCERS—PRODUCERS’
ASSOCIATION AND PRODUCERS’ AGENCY SNUFFED
OUT—NATIONAL REFINERS’ ASSOCIATION
DISBANDS—ROCKEFELLER STEADILY GAINING GROUND. Pages 1104–1128
CHAPTER FIVE
LAYING THE FOUNDATIONS OF A TRUST
EVIDENCE OF REAPPEARANCE OF REBATES SOON AFTER
AGREEMENT OF MARCH 25 IS SIGNED—PRINCIPLE THOROUGHLY
ESTABLISHED THAT LARGE SHIPPERS SHALL HAVE ADVANTAGES
OVER SMALL SHIPPERS IN SPITE OF RAILROADS’ DUTY AS
COMMON CARRIERS—AGREEMENT WORKED OUT BY WHICH THREE
ROADS ARE TO HAVE FIXED PERCENTAGE OF EASTERN
SHIPMENTS—OIL REGIONS ROBBED OF THEIR GEOGRAPHICAL
ADVANTAGE—THE RUTTER CIRCULAR—ROCKEFELLER NOW
SECRETLY PLANS REALISATION OF HIS DREAM OF PERSONAL
CONTROL OF THE REFINING OF OIL—ORGANISATION OF THE
CENTRAL ASSOCIATION—H. H. ROGERS’ DEFENCE OF THE
PLAN—ROCKEFELLER’S QUIET AND SUCCESSFUL CANVASS FOR
ALLIANCES WITH REFINERS—THE REBATE HIS
WEAPON—CONSOLIDATION BY PERSUASION OR FORCE—MORE TALK
OF A UNITED EFFORT TO COUNTERACT THE MOVEMENT. Pages 1129–1166
CHAPTER SIX
STRENGTHENING THE FOUNDATIONS
FIRST INTERSTATE COMMERCE BILL—THE BILL PIGEON-HOLED
THROUGH EFFORTS OF STANDARD’S FRIENDS—INDEPENDENTS
SEEK RELIEF BY PROPOSED CONSTRUCTION OF
PIPE-LINES—PLANS FOR THE FIRST SEABOARD
PIPE-LINE—SCHEME FAILS ON ACCOUNT OF MISMANAGEMENT
AND STANDARD AND RAILROAD OPPOSITION—DEVELOPMENT OF
THE EMPIRE TRANSPORTATION COMPANY AND ITS PROPOSED
CONNECTION WITH THE REFINING BUSINESS—STANDARD, ERIE
AND CENTRAL FIGHT THE EMPIRE TRANSPORTATION COMPANY
AND ITS BACKER, THE PENNSYLVANIA RAILROAD—THE
PENNSYLVANIA FINALLY QUITS AFTER A BITTER AND COSTLY
WAR—EMPIRE LINE SOLD TO THE STANDARD—ENTIRE PIPE-LINE
SYSTEM OF OIL REGIONS NOW IN ROCKEFELLER’S HANDS—NEW
RAILROAD POOL BETWEEN FOUR ROADS—ROCKEFELLER PUTS
INTO OPERATION SYSTEM OF DRAWBACKS ON OTHER PEOPLE’S
SHIPMENTS—HE PROCEEDS RAPIDLY WITH THE WORK OF
ABSORBING RIVALS. Pages 1167–1207
CHAPTER SEVEN
THE CRISIS OF 1878
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