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
By the time the blockade was raised, another unhappy conviction was
fixed on the Oil Regions—the Standard Oil Company meant to carry out the
plans of the exploded South Improvement Company. The promoters of the
scheme were partly responsible for the report. Under the smart of their
defeat they talked rather more freely than their policy of silence
justified, and their remarks were quoted widely. Mr. Rockefeller was
reported in the Derrick to have said to a prominent oil man of Oil City
that the South Improvement Company could work under the charter of the
Standard Oil Company, and to have predicted that in less than two months
the gentlemen would be glad to join him. The newspapers made much of the
following similar story reported by a New York correspondent:
A prominent Cleveland member of what was the South Improvement
Company had said within two days: “The business _now_ will be done
by the Standard Oil Company. We have a rate of freight by water from
Cleveland to New York at seventy cents. No man in the trade shall
make a dollar this year. We purpose to manipulating the market as to
run the price of crude on the creek as low as two and a half. We
mean to show the world that the South Improvement Company was
organised for business and means business in spite of opposition.
The same thing has been said in substance by the leading
Philadelphia member.”
“The trade here regards the Standard Oil Company as simply taking the
place of the South Improvement Company and as being ready at any moment
to make the same attempt to control the trade as its progenitors did,”
said the New York Bulletin about the middle of April. And the Cleveland
Herald discussed the situation under the heading, “South Improvement
Company _alias_ Standard Oil Company.” The effect of these reports in
the Oil Regions was most disastrous. Their open war became a kind of
guerilla opposition. Those who sold oil to the Standard were ostracised,
and its president was openly scorned.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account