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
But no number of resolutions could wipe out the memory of the forty days
of terrible excitement and loss which the region had suffered. No
triumph could stifle the suspicion and the bitterness which had been
sown broadcast through the region. Every particle of independent manhood
in these men whose very life was independent action had been outraged.
Their sense of fair play, the saving force of the region in the days
before law and order had been established, had been violated. These were
things which could not be forgotten. There henceforth could be no trust
in those who had devised a scheme which, the producers believed, was
intended to rob them of their property.
It was inevitable that under the pressure of their indignation and
resentment some person or persons should be fixed upon as responsible,
and should be hated accordingly. Before the lifting of the embargo this
responsibility had been fixed. It was the Standard Oil Company of
Cleveland, so the Oil Regions decided, which was at the bottom of the
business, and the “Mephistopheles of the Cleveland company,” as they put
it, was John D. Rockefeller. Even the Cleveland Herald acknowledged this
popular judgment. “Whether justly or unjustly,” the editor wrote,
“Cleveland has the odium of having originated the scheme.” This opinion
gained ground as the days passed. The activity of the president of the
Standard in New York, in trying to save the contracts with the
railroads, and his constant appearance with Mr. Watson, and the fact
brought out by the Congressional Investigation that a larger block of
the South Improvement Company’s stock was owned in the Standard than in
any other firm, strengthened the belief. But what did more than anything
else to fix the conviction was what they had learned of the career of
the Standard Oil Company in Cleveland. Before the Oil War the company
had been known simply as one of several successful firms in that city.
It drove close bargains, but it paid promptly, and was considered a
desirable customer. Now the Oil Regions learned for the first time of
the sudden and phenomenal expansion of the company. Where there had been
at the beginning of 1872 twenty-six refining firms in Cleveland, there
were but six left. In three months before and during the Oil War the
Standard had absorbed twenty plants. It was generally charged by the
Cleveland refiners that Mr. Rockefeller had used the South Improvement
scheme to persuade or compel his rivals to sell to him. “Why,” cried the
oil men, “the Standard Oil Company has done already in Cleveland what
the South Improvement Company set out to do for the whole country, and
it has done it by the same means.”
Public-domain text, read in full here on John Shaqi.
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