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
While Mr. Rockefeller was working out the “good of the oil business” in
Cleveland, his associates were busy at other points. Charles Lockhart in
Pittsburg and W. G. Warden in Philadelphia were particularly active,
though neither of them accomplished any such sweeping benefaction as Mr.
Rockefeller had. It was now evident what the stockholders of the South
Improvement Company meant when they assured the railroads that all the
refiners were to go into the scheme, that, as Mr. Warden said, they
“never had any other purpose in the matter!” A little more time and the
great scheme would be an accomplished fact. And then there fell in its
path two of those never-to-be-foreseen human elements which so often
block great manœuvres. The first was born of a man’s anger. The man had
learned of the scheme. He wanted to go into it, but the directors were
suspicious of him. He had been concerned in speculative enterprises and
in dealings with the Erie road which had injured these directors in
other ways. They didn’t want him to have any of the advantages of their
great enterprise. When convinced that he could not share in the deal, he
took his revenge by telling people in the Oil Regions what was going on.
At first the Oil Regions refused to believe, but in a few days another
slip born of human weakness came in to prove the rumour true. The
schedule of rates agreed upon by the South Improvement Company and the
railroads had been sent to the freight agent of the Lake Shore Railroad,
but no order had been given to put them in force. The freight agent had
a son on his death-bed. Distracted by his sorrow, he left his office in
charge of subordinates, but neglected to tell them that the new
schedules on his desk were a secret compact, whose effectiveness
depended upon their being held until all was complete. On February 26,
the subordinates, ignorant of the nature of the rates, put them into
effect. The independent oil men heard with amazement that freight rates
had been put up nearly 100 per cent. They needed no other proof of the
truth of the rumours of conspiracy which were circulating. It now
remained to be seen whether the Oil Regions would submit to the South
Improvement Company as Cleveland had to the Standard Oil Company.
CHAPTER THREE
THE OIL WAR OF 1872
Public-domain text, read in full here on John Shaqi.
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