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
Naturally the burning question throughout the Oil Regions, convinced as
it was of the iniquity of the scheme, was, Who are the conspirators?
Whether the gentlemen concerned regarded themselves in the light of
“conspirators” or not, they seem from the first to have realised that it
would be discreet not to be identified publicly with the scheme, and to
have allowed one name alone to appear in all signed negotiations. This
was the name of the president, Peter H. Watson. However anxious the
members of the South Improvement Company were that Mr. Watson should
combine the honours of president with the trials of scapegoat, it was
impossible to keep their names concealed. The Oil City Derrick, at that
time one of the most vigorous, witty, and daring newspapers in the
country, began a black list at the head of its editorial columns the day
after the raise in freight was announced, and it kept it there until it
was believed complete. It stood finally as it appears on the opposite
page.
This list was not exact, but it was enough to go on, and the oil
blockade, to which the Petroleum Producers’ Union had pledged itself,
was now enforced against the firms listed, and as far as possible
against the railroads. All of these refineries had their buyers on the
creek, and although several of them were young men generally liked for
their personal and business qualities, no mercy was shown them. They
were refused oil by everybody, though they offered from seventy-five
cents to a dollar more than the market price. They were ordered at one
meeting “to desist from their nefarious business or leave the Oil
Region,” and when they declined they were invited to resign from the oil
exchanges of which they were members. So strictly, indeed, was the
blockade enforced that in Cleveland the refineries were closed and
meetings for the relief of the workmen were held. In spite of the
excitement there was little vandalism, the only violence at the opening
of the war being at Franklin, where a quantity of the oil belonging to
Mr. Watson was run on the ground.
[Illustration:
JOHN D. ARCHBOLD IN 1872
Now vice-president of the Standard Oil Company. Mr. Archbold, whose
home, in 1872, was in Titusville, Pennsylvania, although one of the
youngest refiners of the Creek, was one of the most active and
efficient in breaking up the South Improvement Company.
]
THE BLACK LIST.
[Illustration:
Behold “The Anaconda” in all his hideous deformity!
]
Public-domain text, read in full here on John Shaqi.
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